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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of May 27, 2015 No. 92

About approval of Rules of application of correction coefficient

(The last edition from 27-08-2018)

According to the Law of the Republic of Kazakhstan of February 7, 2005 "About compulsory insurance of the worker from accidents in case of execution of labor (office) obligations by it" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules of application of correction coefficient.

2. To department of methodology of control and supervision (Abdrakhmanov N. A.) in the procedure established by the legislation to provide:

1) together with Legal support department (Dosmukhambetov N. M.) state registration of this resolution in the Ministry of Justice of the Republic of Kazakhstan;

2) the direction of this resolution on official publication in information system of law of Ad_let of the republican state company on the right of economic maintaining "The republican center of legal information of the Ministry of Justice of the Republic of Kazakhstan" within ten calendar days after its state registration in the Ministry of Justice of the Republic of Kazakhstan;

3) placement of this resolution on official Internet resource of National Bank of the Republic of Kazakhstan after its official publication.

3. To department of the international relations and public relations (Kazybayev A. K.) provide the direction of this resolution on official publication in periodic printing editions within ten calendar days after its state registration in the Ministry of Justice of the Republic of Kazakhstan.

4. To impose control of execution of this resolution on the vice-chairman of National Bank of the Republic of Kazakhstan Kozhakhmetov K. B.

5. This resolution becomes effective from the date of its first official publication.

Chairman of National Bank

K. Kelimbetov

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan of May 27, 2015 No. 92

Rules of application of correction coefficient

1. These rules of application of correction coefficient (further - Rules) are developed according to the Law of the Republic of Kazakhstan of February 7, 2005 "About compulsory insurance of the worker from accidents in case of execution of labor (office) obligations by it" (further - the Law) and establish procedure for application of correction coefficient when calculating the insurance premium which is subject to payment under the agreement of compulsory insurance of the worker from accidents in case of execution of labor (office) obligations by it (further - the agreement of compulsory insurance).

2. If the insured event (insured events) occurred (occurred) because of the insurer during validity, then the insurance premium calculated according to article 17 of the Law is multiplied by correction coefficient.

3. The correction coefficient is determined based on the annual average number of injured workers within the last 5 (five) years preceding date of the conclusion of the agreement of compulsory insurance, and the corresponding total quantity of employees of insurer for date of the conclusion of the agreement of compulsory insurance. Values of correction coefficients are stipulated in Item 2 articles 17-1 of the Law.

4. The correction coefficient determined when calculating the insurance premium paid in case of the conclusion of the basic agreement of compulsory insurance is applied to the insurance premium which is subject to payment in case of the conclusion of the supplementary agreement to the agreement of the compulsory insurance provided by part three of Item 1 of article 17 of the Law.

5.  No. 204 is excluded according to the Resolution of Board of National Bank of the Republic of Kazakhstan of 27.08.2018

6. For calculation of number of injured workers the quantity of the insured events which occurred because of the insurer, drawn up by the act of the accident connected with labor activity according to Item 1 of Article 190 of the Labor code of the Republic of Kazakhstan of November 23, 2015, from 30 to 100 percent which led to establishment to the worker of extent of loss of professional working capacity inclusive or by his death is considered.

7. If the insurer has the branch (branches) performing (performing) activities, other than the insurer, the correction coefficient is calculated taking into account the annual average number of all injured workers and total quantity of employees of employer and its branch (branches).

8. The correction coefficient is applied by insurance company proceeding from the insurance report containing information on availability of insured event (insured events), the event which (occurred) because of the insurer received by the insurer from the database on insurance, or from the statement of the insurer or on the basis of information obtained by request at the insurance (reinsurance) organizations.

9. For calculation of annual average number of injured workers the last five complete financial years, preceding date of the conclusion of the agreement of compulsory insurance are used.

10. In case of lack of insured events within the last 5 (five) years preceding date of the conclusion of the agreement of compulsory insurance, correction coefficients are determined by the insurer according to Item 2-1 of article 17-1 of the Law.

 

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