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The document ceased to be valid since June 2, 2017 according to Item 19 of the Instruction of the Central bank of the Russian Federation of February 22, 2017 No. 4298-U

It is registered

Ministry of Justice

Russian Federation

On December 22, 2014 No. 35295

INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of November 16, 2014 No. 3445-U

About procedure for investment of own means (capital) for the insurer and the list of the assets permitted for investment

(as amended of the Instruction of the Central bank of the Russian Federation of 09.03.2016 No. 3974-U)

This Instruction based on article 25 of the Law of the Russian Federation of November 27, 1992 No. 4015-1 "About the organization of insurance case in the Russian Federation" (Sheets of the Congress of People's Deputies of the Russian Federation and the Supreme Council of the Russian Federation, 1993, No. 2, Art. 56; Russian Federation Code, 1998, No. 1, Art. 4; 1999, No. 47, Art. 5622; 2002, No. 12, Art. 1093; No. 18, Art. 1721; 2003, No. 50, Art. 4855, Art. 4858; 2004, No. 30, Art. 3085; 2005, No. 10, Art. 760; No. 30, Art. 3101, Art. 3115; 2007, No. 22, Art. 2563; No. 46, Art. 5552; No. 49, Art. 6048; 2009, No. 44, Art. 5172; 2010, No. 17, Art. 1988; No. 31, Art. 4195; No. 49, Art. 6409; 2011, No. 30, Art. 4584; No. 49, Art. 7040; 2012, No. 53, Art. 7592; 2013, No. 26, Art. 3207; No. 30, Art. 4067; No. 52, Art. 6975; 2014, No. 14, Art. 1549; No. 23 of Art. 2934; No. 30, Art. 4224; No. 45, of the Art. 6154) (further - the Law of the Russian Federation "About the organization of insurance case in the Russian Federation") establishes the list of the assets permitted for investment and the procedure for investment of own means (capital) for the insurer providing requirements to issuers of securities and (or) issues of securities depending on the assigned scores, inclusion in quoted lists by organizers of trade in the security market to structure of assets in which placement of part of own means (capital) of insurers is allowed (including the requirements providing most permitted percent of cost of each asset type or group of assets from the size of own means (capital) of the insurer or their part).

1. The total cost of assets in which own means (capital) of the insurer are invested shall be equal to the total size of own means (capital) of the insurer.

2. The asset cost in which own means (capital) of the insurer are invested is determined for calculating date in assessment by accounting data if other is not established by the legislation of the Russian Federation.

3. Own means (capital) of the insurer cannot be invested in assets in which means of insurance reserves are invested. If means of insurance reserves are invested in part of asset cost, own means (capital) of the insurer can be invested in the rest of cost.

4. Assets in which own means (capital) of the insurer are invested in the amount of specified in Item 5 of this Instruction, cannot be pledge subject.

5. Own means (capital) of the insurer (except the medical insurance companies performing only compulsory medical insurance) in the amount of the greatest of two indicators - the minimum size of the authorized capital established by the Law of the Russian Federation "About the organization of insurance case in the Russian Federation" or the normative size of margin of solvency calculated according to the procedure, established by body of insurance supervision, - are invested in the asset types specified in Item 6 of this Instruction taking into account the requirements established in Item 7 of this Instruction.

Own means (capital) of the medical insurance company performing only compulsory medical insurance are invested in the asset types specified in Item 6 of this Instruction taking into account the requirements established in Item 7 of this Instruction in the amount of the minimum authorized capital established by the Law of the Russian Federation "About the organization of insurance case in the Russian Federation".

6. Insurers invest own means (capital) in the amount of, specified in Item 5 of this Instruction, in the following asset types.

6.1. Government securities of the Russian Federation and securities on which obligation fulfillment is guaranteed by the Russian Federation (including by guaranteeing obligation fulfillment, following from the bank guarantees and (or) guarantees providing obligation fulfillment, following from the specified securities).

6.2. Government securities of subjects of the Russian Federation.

6.3. Municipal securities.

6.4. Shares.

6.5. The bonds which are not relating to the securities specified in subitems 6.1 - 6.3, 6.13 this Item.

6.6. Investment shares of open and interval mutual investment funds, and for the insurers having licenses for life insurance implementation - also investment shares of closed-end investment funds.

6.7. The money placed in the deposits including certified by deposit certificates.

6.8. Remaining balance on the depersonalized metal accounts.

6.9. Real estate.

6.10. Cash in cash desk.

6.11. Money on bank accounts.

6.12. Gold bars, silver, platinum and palladium, and also commemorative coins of the Russian Federation from precious metals.

6.13. Mortgage securities.

6.14. Other assets: computer equipment, office equipment, vehicles, furniture, office and other equipment, not overdue receivables of legal entities and physical persons (including individual entrepreneurs).

6.15. Receivables of insurers which resulted from calculations for direct indemnification in accordance with the legislation of the Russian Federation about obligatory civil liability insurance of owners of vehicles.

6.16. Deferred tax assets.

6.17. Receivables on taxes and fees (including advance payments and overpayment on them).

6.18. Receivables according to the income which is receivable (added) percentage (coupon, discount and to another) on the assets specified in subitems 6.1 - 6.5, 6.7, 6.8, 6.11, 6.13 these Items.

7. Assets in which own means (capital) of the insurer are invested in the amount of specified in Item 5 of this Instruction, shall conform to the following requirements.

7.1. The securities specified in subitems 6.2 - 6.5 Items 6 of this Instruction, belonging to the assets which are in the territory of the Russian Federation shall correspond to one of the following requirements:

the issuer (release) of security has the rating of one of rating agencies conforming to requirements of Item 12 of this Instruction;

securities are included in the quoted list of the first (highest) level at least by one organizer of trade in the security market in the Russian Federation (the Russian exchange).

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