INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of February 6, 2017 No. 4280-U

About modification of the Instruction of the Central bank of the Russian Federation of July 28, 2015 No. 3743-U "About procedure of payments insurance company of normative ratio of own means (capital) and undertaken obligations"

1. Bring in the Instruction of the Bank of Russia of July 28, 2015 No. 3743-U "About procedure of payments insurance company of normative ratio of own means (capital) and undertaken obligations", registered by the Ministry of Justice of the Russian Federation on September 9, 2015 No. 38865 ("the Bulletin of the Bank of Russia" of September 18, 2015 No. 79), the following changes.

1.1. In Item 3:

word in paragraph one "accounting (financial)" shall be replaced with words "financial accounting and";

add with paragraphs of the following content:

"When calculating normative ratio insurance reserves on life insurance are understood as the insurance reserves created according to the Provision of the Bank of Russia of November 16, 2016 No. 557-P "About rules of forming of insurance reserves on life insurance", the registered Ministry of Justice of the Russian Federation on December 29, 2016 No. 45055 ("the Bulletin of the Bank of Russia" of January 19, 2017 No. 5), unless otherwise specified.

Insurance reserves on insurance to other, than life insurance, are understood as the insurance reserves created according to the Provision of the Bank of Russia of November 16, 2016 No. 558-P "About rules of forming of insurance reserves on insurance to other than life insurance", by the registered Ministry of Justice of the Russian Federation on December 29, 2016 No. 45054 ("the Bulletin of the Bank of Russia" of January 19, 2017 No. 5), unless otherwise specified.".

1.2. In Item 5:

exclude the words "and to dependent";

add with paragraphs of the following content:

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