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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of March 26, 2012 No. 129

About approval of Rules of issue of the insurance (reinsurance) organization and (or) to insurance holding of permission to creation or acquisition of the affiliated organization, considerable equity participation of the organizations, withdrawal of permission to creation, acquisition of the affiliated organization, considerable equity participation of the organizations, and also requirements to the documents necessary for receipt of permission to creation or acquisition of the affiliated organization, Requirements to contents of the statement on obtaining by the insurance (reinsurance) organization and (or) insurance holding of permission to considerable equity participation of the organizations

(as amended on 14-02-2022)

According to the Law of the Republic of Kazakhstan of December 18, 2000 "About insurance activity" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve:

1) Rules of issue of the insurance (reinsurance) organization and (or) to insurance holding of permission to creation or acquisition of the affiliated organization, considerable equity participation of the organizations, withdrawal of permission to creation, acquisition of the affiliated organization, considerable equity participation of the organizations, and also requirements to the documents necessary for receipt of permission to creation or acquisition of the affiliated organization according to appendix 1 to this resolution;

2) Requirements to contents of the statement on obtaining by the insurance (reinsurance) organization and (or) insurance holding of permission to considerable equity participation of the organizations according to appendix 2 to this resolution.

2. Recognize invalid regulatory legal acts of the Republic of Kazakhstan according to appendix to this resolution.

3. This resolution becomes effective after ten calendar days after day of the first official publication.

Chairman of National Bank

G. Marchenko

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan of March 26, 2012 No. 129

Rules of issue of the insurance (reinsurance) organization and (or) to insurance holding of permission to creation or acquisition of the affiliated organization, considerable equity participation of the organizations, withdrawal of permission to creation, acquisition of the affiliated organization, considerable equity participation of the organizations, and also requirements to the documents necessary for receipt of permission to creation or acquisition of the affiliated organization

Chapter 1. General provisions

1. These rules of issue of the insurance (reinsurance) organization and (or) to insurance holding of permission to creation or acquisition of the affiliated organization, considerable equity participation of the organizations, withdrawal of permission to creation, acquisition of the affiliated organization, considerable equity participation of the organizations, and also requirements to the documents necessary for receipt of permission to creation or acquisition of the affiliated organization (further - Rules) are developed according to Articles 66 and 73 of the Administrative procedural Procedure Code of the Republic of Kazakhstan, article 32 of the Law of the Republic of Kazakhstan "About insurance activity" (further - the Law), the laws of the Republic of Kazakhstan "About the electronic document and the digital signature", "About the state services", "About permissions and notifications" and determine procedure for issue of the insurance (reinsurance) organization and (or) to insurance holding of permission to creation or acquisition of the affiliated organization, considerable equity participation of the organizations, withdrawal of permission to creation, acquisition of the affiliated organization, considerable equity participation of the organizations, and also requirements to the documents necessary for receipt of permission to creation or acquisition of the affiliated organization.

2. In Rules the following concepts and reducings are used:

1) uslugopoluchatel - the insurance (reinsurance) organization and (or) insurance holding;

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