Amendments to certain regulatory acts (Insurance)

Official source: Adilet / https://adilet.zan.kz/rus/docs/V2500037693 The relevance of the editorial office has been verified: 2026-06-21.

Note FROM! For the procedure for implementation, see p. 4.

The Board of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market DECIDES:

Approve the List of regulatory legal acts of the Republic of Kazakhstan on improving insurance activities, to which changes and additions are made (hereinafter referred to as the List), in accordance with the appendix to this resolution.
The Department of the Insurance Market and Actuarial Calculations, in accordance with the procedure established by the legislation of the Republic of Kazakhstan, shall ensure:

jointly with the Legal Department, state registration of this resolution with the Ministry of Justice of the Republic of Kazakhstan;
placement of this resolution on the official Internet resource of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market after its official publication;
within ten working days after the state registration of this resolution, submission to the Legal Department of information on the implementation of the event provided for in subparagraph 2) of this paragraph.

Control over the implementation of this resolution shall be assigned to the supervising Deputy Chairman of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market.
This resolution comes into effect upon the expiration of ten calendar days after the day of its first official publication, with the exception of clause 6 of the List, which comes into force on February 1, 2026.

Chairman of the Agency Republic of Kazakhstan on regulation and development financial market

M. Abylkasymova

"AGREED" Ministry of Internal Affairs Republic of Kazakhstan

"AGREED" Ministry of Culture and Information Republic of Kazakhstan

"AGREED" Ministry of National Economy Republic of Kazakhstan

"AGREED" Ministry of Artificial Intelligence and digital development Republic of Kazakhstan

"AGREED" National Bank Republic of Kazakhstan

Application to the resolution Agency Board Republic of Kazakhstan on regulation and development financial market dated December 23, 2025 No. 82

List of regulatory legal acts of the Republic of Kazakhstan on improving insurance activities, to which changes and additions are made

Make the following changes to the resolution of the Board of the National Bank of the Republic of Kazakhstan dated September 24, 2003 “On approval of the Standard Agreement for Participation in the Insurance Payment Guarantee Fund” (registered in the Register of State Registration of Normative Legal Acts under No. 2548):

in the Standard Agreement of participation in the Insurance Payment Guarantee Fund, approved by the specified resolution:

preamble should be stated as follows:

"Joint Stock Company "Insurance Payment Guarantee Fund" (hereinafter - the Fund) represented by the Chairman ________________, acting on the basis of the Charter, and the Insurance Organization, Branch of a non-resident insurance organization of the Republic of Kazakhstan (hereinafter - the insurance organization - participant) ________________ represented by the Chairman (the head of the Branch of a non-resident insurance organization of the Republic of Kazakhstan (hereinafter referred to as the head of the Branch), acting on the basis of the Charter (Regulations on the Branch of a non-resident insurance organization of the Republic of Kazakhstan), hereinafter referred to as the Parties, have entered into an agreement on the following:

The concepts used in this agreement have interpretations defined by the Law of the Republic of Kazakhstan “On the Insurance Payment Guarantee Fund” (hereinafter referred to as the Law).

The provisions of this agreement, which determines the procedure for participation in the Insurance Payment Guarantee Fund, apply to branches of non-resident insurance organizations of the Republic of Kazakhstan carrying out insurance activities on the territory of the Republic of Kazakhstan for guaranteed types of insurance, taking into account the features provided for by the Law of the Republic of Kazakhstan “On Insurance Activities.”;

clause 3 shall be stated as follows:

"3. The calculation of the amount of the mandatory contribution by the insurance organization - participant is carried out independently in accordance with the resolution of the Board of the National Bank of the Republic of Kazakhstan dated December 24, 2012 No. 387 "On approval of the Methodology for calculating the rate of mandatory, additional contributions and contingent obligations, the procedure and deadlines for paying mandatory, initial one-time, additional and emergency contributions, the procedure for the formation and accounting of contingent liabilities by insurance organizations, branches of non-resident insurance organizations of the Republic of Kazakhstan - participants of the Insurance Payment Guarantee Fund" (registered in the Register of State Registration of Normative Legal Acts under No. 8329) (hereinafter referred to as Resolution No. 387).";

clause 4-4 shall be stated as follows:

"4-4. An insurance organization - a participant, licensed to provide compulsory civil liability insurance for vehicle owners, pays an initial one-time premium in the amount established by resolution of the Board of the Agency of the Republic of Kazakhstan for Regulation and Supervision of the Financial Market and Financial Organizations dated June 25, 2007 No. 184 “On establishing the amount of the initial one-time contribution for payment by insurance organizations participating in the Insurance Payment Guarantee Fund” (registered in the Register of State Registration of Normative Legal Acts under No. 4855).

Introduce into the resolution of the Board of the Agency of the Republic of Kazakhstan for Regulation and Supervision of the Financial Market and Financial Organizations dated June 25, 2007 No. 177 “On approval of the Requirements for the activities of the organization for the formation and maintenance of a database” (registered in the Register of State Registration of Normative Legal Acts under No. 4860) the following changes and additions:

preamble should be stated as follows:

"For the purpose of implementing the Law of the Republic of Kazakhstan "On Insurance Activities", the Board of the Agency of the Republic of Kazakhstan for Regulation and Supervision of the Financial Market and Financial Organizations (hereinafter referred to as the Agency) DECIDES:";

in the Requirements for the activities of the organization for the formation and maintenance of a database, approved by the specified resolution:

clause 1 shall be stated as follows:

"1. The Requirements use the basic concepts established by the Law on insurance activities, the Law of the Republic of Kazakhstan “On electronic document and electronic digital signature”, as well as the following concepts:

information systems security administrator (hereinafter referred to as the administrator) - an employee of the Organization and the database user, ensuring the functioning of the system for electronic receipt and (or) transmission of data, implementing measures to protect them, generating incoming and (or) transmitted information, taking into account its functions and powers;
information security policy – norms and practices governing the management, protection and distribution of restricted information;
authentication – confirmation of the authenticity of the subject or object of access by determining the correspondence of the presented access credentials to those available in the system;
database user - information providers specified in clause 3 of Article 80 of the Law on Insurance Activities and recipients of the insurance report specified in subparagraphs 3) and 3-1) of clause 4 Article 80 of the Law on Insurance Activities, participating in the information system for the formation and use of insurance reports in accordance with the requirements of the laws of the Republic of Kazakhstan;
responsible person - an employee of the Organization and the user of the database who ensures the functioning and control of means of protecting information from unauthorized access;
malicious software (computer viruses, network worms and similar software) - a set of executable code capable of creating copies of itself (partially or completely identical to the original) and introducing them into various objects and (or) resources of computer systems, networks without the knowledge of the database user;
real-time mode - the operating mode of the information system for the generation and use of insurance reports, ensuring the receipt, processing and exchange of information until 16.00 Astana time on the day following the day of concluding the insurance contract;
key information – cryptographic keys and electronic digital signature keys;
operator - an employee of the database user who directly receives, collects, processes, transmits and receives information using the security system;
services in proactive mode - the Organization’s services for notifying the database subject, provided without the submission of an application by the database subject;
information system for the generation and use of insurance reports - a set of information technologies, information networks and their software and hardware intended for implementation by the Organization, information providers specified in clause 3 of Article 80 of the Law on Insurance Activities, recipients of insurance reports (except for the subject of the database) information processes;
measures to protect the information system for the generation and use of insurance reports - organizational and technical measures aimed at ensuring the safe functioning of the information system for the generation and use of insurance reports, including software and hardware protection of electronic means and computers from unauthorized access, ensuring control of access to installed software and information, providing means of delineating the powers of registered users;
insurer - an insurance organization, a branch of a non-resident insurance (reinsurance) organization of the Republic of Kazakhstan, carrying out activities for the conclusion and execution of insurance contracts on the basis of the relevant license of the authorized body;
identifier – a unique personal code and (or) name assigned to a subject and (or) object of the system, and intended for regulated access to the system and (or) to system resources;
identification – the process of assigning or determining the correspondence of the identifier presented to gain access to the system and (or) to the system resource to the list of identifiers available in the system;
authorized body - a state body that regulates, controls and supervises the financial market and financial organizations.";

add paragraph 2-3 with the following content:

"2-3. In addition to the functions of the Organization established in clause 7 Article 79 of the Law on Insurance Activities, the Organization:

develops and provides specialized software to automate the activities of recipients of insurance reports;
provides services in a proactive mode, the procedure for the provision of which is determined by the Organization independently, taking into account the restrictions established by the Law on insurance activities and Requirements.";

clause 5 shall be stated as follows:

"5. When the recipients of the insurance report specified in clause 4 of Article 80 of the Law on Insurance Activities receive a request to submit an insurance report on paper, the Organization shall submit the report to such recipients within two working days from the date of receipt of the request.

Provision of an insurance report to the persons specified in clause 4 of Article 80 of the Law on Insurance Activities is carried out in accordance with clause 6 of Article 80 of the Law on Insurance activities.

The request of recipients of insurance reports to provide an insurance report in electronic form is confirmed in one of the following ways:

means of biometric identification;
electronic digital signature;
generating and entering a one-time password.

The processes of biometric identification, the use of an electronic digital signature, as well as the generation and sending of a one-time password are determined by the Organization taking into account the requirements established by the legislation of the Republic of Kazakhstan in the field of digitalization, electronic document and electronic signature, as well as requirements in the field of information security and personal data protection.";

clause 10-1 shall be stated as follows:

"10-1. The information provider specified in subparagraph 1) paragraph 3 of Article 80 of the Insurance Law provides to the Organization the information required resolution of the Board of the Agency of the Republic of Kazakhstan for Regulation and Supervision of the Financial Market and Financial Organizations dated March 1, 2010 No. 25 “On approval of the Requirements for the implementation by an insurance organization, a branch of a non-resident insurance organization of the Republic of Kazakhstan of insurance activities, including in relations with participants in the insurance market, to the contract instructions concluded between the insurance organization and the insurance agent, and the powers of the insurance agent to carry out intermediary activities in the insurance market, as well as the minimum training program for insurance agents and requirements for the procedure for conducting training", registered in the Register of State Registration of Normative Legal Acts under No. 6164, for compulsory types of insurance, under co-insurance agreements within the framework of compulsory types of insurance (except for imputed insurance) - in real time, for voluntary types of insurance, for co-insurance agreements within the framework of imputed and voluntary types of insurance, under reinsurance agreements, joint reinsurance - no later than the 6th (sixth) working day of the month following the reporting month.";

clause 11 shall be stated as follows:

"11. The information provider specified in subparagraph 1) paragraph 3 of Article 80 of the Law on Insurance Activities submits to the Organization the information required by the resolution Board of the National Bank of the Republic of Kazakhstan dated October 29, 2018 No. 269 “On establishing Requirements for the content and procedure for issuing insurance policies”, registered in the Register of State Registration of Normative Legal Acts under No. 17806, in real time for compulsory types of insurance, under co-insurance agreements within the framework of compulsory types of insurance (except for imputed insurance) and no later than the 6th (sixth) working day of the month, following the reporting month for voluntary types of insurance, under co-insurance agreements within the framework of imputed and voluntary types of insurance, reinsurance and joint reinsurance.";

clause 11-3 shall be stated as follows:

"11-3. The information provider specified in subparagraph 1-2) paragraph 3 of Article 80 of the Law on Insurance Activity, submits to the Organization information on pension annuity contracts concluded within the framework of Social Code of the Republic of Kazakhstan.";

clause 18 shall be stated as follows:

"18. For the purpose of justified application of the amount of the insurance premium, employees of the recipient of the insurance report specified in subparagraph 1) paragraph 3 of Article 80 of the Law on Insurance Activity, whose job responsibilities include the conclusion of compulsory insurance contracts for civil liability of vehicle owners, receive an insurance report on the class assigned to the subject of the database (the presence or absence of insured events at the subject of the database) in accordance with the resolution of the Board of the National Bank of the Republic of Kazakhstan dated May 30, 2016 No. 140 “On approval of the Rules for the calculation and application of the coefficient under the bonus-malus system for calculating the insurance premium for compulsory civil insurance liability of vehicle owners" registered in the Register of State Registration of Normative Legal Acts under No. 13928.";

add clause 44-1 with the following content:

"44-1. The organization provides information about events and circumstances that resulted in the unavailability or incorrect operation of the unified insurance database, as a result of which insurance (reinsurance) organizations were not able to enter into contracts and (or) fulfill obligations to policyholders (insured, beneficiaries) for twenty-four hours or more.

The organization ensures that the information specified in part one of this paragraph is submitted to the authorized body no later than two working days from the start of these events.";

paragraph 55 delete;

clause 56 shall be stated as follows:

“56. The location of the workplace of the user who has access to limited access insurance reports, and the means of security for the premises must exclude the possibility of uncontrolled entry into this premises by persons not allowed to the user’s workplace.

Means of technical protection of the workplace must exclude unauthorized access to the workplace.";

appendix shall be amended according to appendix 1 to the List of regulatory legal acts of the Republic of Kazakhstan on improving insurance activities, which are amended and additions (hereinafter referred to as the List).

Introduce into the resolution of the Board of the National Bank of the Republic of Kazakhstan dated May 30, 2016 No. 140 “On approval of the Rules for the calculation and application of the coefficient under the bonus-malus system for calculating the insurance premium for compulsory civil liability insurance of vehicle owners” (registered in the State Register registration of regulatory legal acts under No. 13928) the following change:

Rules for the calculation and application of the coefficient according to the "bonus-malus" system for calculating the insurance premium for compulsory insurance of civil liability of vehicle owners, approved by the specified resolution, shall be amended according to appendix 2 to the List.

Introduce into the resolution of the Board of the National Bank of the Republic of Kazakhstan dated August 8, 2016 No. 171 “On approval of the Rules for storing documents subject to mandatory storage by professional participants in the insurance market, insurance agents engaged in business activities, and Lists of documents subject to mandatory storage storage, and the periods of their storage by professional participants in the insurance market, insurance agents engaged in business activities" (registered in the Register of State Registration of Normative Legal Acts under No. 14309) the following changes:

preamble should be stated as follows:

"In accordance with the Law of the Republic of Kazakhstan "On Insurance Activities" the Board of the National Bank of the Republic of Kazakhstan DECIDES:";

Rules for the storage of documents subject to mandatory storage by professional participants in the insurance market, insurance agents engaged in business activities, approved by the specified resolution in accordance with Appendix 1, shall be amended according to Appendix 3 to the List.

Introduce into the resolution of the Board of the National Bank of the Republic of Kazakhstan dated August 27, 2018 No. 199 “On approval of the Rules for investment of assets and the List of financial instruments permitted for acquisition at the expense of the own assets of the joint stock company “Insurance Payment Guarantee Fund”, funds of reserves for guaranteeing insurance payments and funds reserve for compensation for harm, and the Rules for collecting commissions by the joint-stock company "Insurance Payment Guarantee Fund" (registered in the Register of State Registration of Normative Legal Acts under No. 17396) the following changes:

in the Rules for investing the own assets of the joint-stock company "Insurance Payment Guarantee Fund", funds from reserves for guaranteeing insurance payments and funds from the compensation reserve, approved by the said resolution:

clause 7 shall be stated as follows:

"7. The decision on the selection of an investment portfolio manager is made by the Board of Directors of the Fund.

The investment portfolio manager is selected from among organizations that are not affiliated with members of the Fund’s Board of Directors and with insurance (reinsurance) participating organizations, whose representatives are members of the Fund’s Board of Directors.”;

in the List of financial instruments allowed for acquisition at the expense of the own assets of the joint-stock company "Insurance Payment Guarantee Fund", funds from reserves for guaranteeing insurance payments and funds from the compensation reserve, approved by the said resolution:

points 2, 3 and 4 stated as follows:

"2. The Fund places the Fund’s own assets and reserve funds in the following financial instruments:

deposits, current accounts with the National Bank of the Republic of Kazakhstan;
deposits, current accounts in second-tier banks of the Republic of Kazakhstan that meet one of the following requirements:

have a long-term credit rating of at least "BB-" on the international scale of Standard & Poor's (Standard & Poor's) or a rating of a similar level by one of the other rating agencies, or a rating of at least "kzA-" on the national scale of Standard & Poor's (Standard & Poor's), or a rating of a similar level on the national scale of one of the other rating agencies;

are subsidiary resident banks of the Republic of Kazakhstan, parent non-resident banks of the Republic of Kazakhstan, which have a long-term credit rating in foreign currency not lower than "A-" on the international scale of Standard & Poor's (Standard & Poor's) or a rating of a similar level by one of the other rating agencies;

debt securities of legal entities of the Republic of Kazakhstan, issued in accordance with the legislation of the Republic of Kazakhstan and other states, having (the issuer of which has) a rating not lower than "BB-" on the international scale of Standard & Poor's (Standard & Poor's), or a rating of a similar level by one of the other rating agencies, or a rating not lower than "kzA-" on the national scale of Standard & Poor's (Standard & Poor's), or a rating of a similar level on the national scale of one of the others rating agencies;
government securities of the Republic of Kazakhstan (including those issued in accordance with the legislation of other states), issued by the Ministry of Finance of the Republic of Kazakhstan and the National Bank of the Republic of Kazakhstan, debt securities issued by a legal entity that purchases mortgage loans of individuals not related to business activities, one hundred percent of the shares of which belong to the National Bank of the Republic of Kazakhstan, as well as debt securities for which there is a state guarantee of the Government of the Republic of Kazakhstan, debt securities of the Development Bank of Kazakhstan;
debt securities with the status of government issued by the central governments of foreign countries with a sovereign rating of at least “A-” on the international scale of Standard & Poor's (Standard & Poor's) or a rating of a similar level by one of the other rating agencies;
debt securities issued by local executive bodies of the Republic of Kazakhstan, included in the official list of the stock exchange operating in the territory of the Republic of Kazakhstan;
non-government debt securities issued by international financial organizations with a rating of at least “AA-” by Standard & Poor's (Standard & Poor's) or a rating of a similar level by one of the other rating agencies, as well as debt securities issued by the Eurasian Development Bank;
refined precious metals and metal bills.

The total placement of the Fund’s own assets in financial instruments (including reverse repo operations) specified in subparagraphs 1), 2), 4) and 6) of paragraph 2 of the List is at least fifty percent of the investment portfolio formed from the Fund’s own assets.

The total placement of reserve funds in financial instruments (including reverse repo transactions) specified in subparagraphs 1), 2), 4) and 6) of paragraph 2 of the List is at least 80 (eighty) percent of reserve funds.

The total placement of the Fund’s own assets in financial instruments (at book value) does not exceed the following values:

in deposits, money and securities (including reverse repo operations) in one second-tier bank (with the exception of an agent bank that carries out certain types of banking operations, providing services for making guarantee payments to creditors on the basis of an agency agreement with the Fund) and its affiliates - no more than 20 (twenty percent) of the investment portfolio formed from the Fund’s own assets, but not more than 25 (twenty-five) percent of the equity capital of this bank;
in debt securities of legal entities of the Republic of Kazakhstan (except for second-tier banks of the Republic of Kazakhstan) and affiliates of this legal entity - no more than 20 (twenty) percent of the investment portfolio formed from the Fund’s own assets, but no more than 25 (twenty-five) percent of the equity capital of this issuer;
in securities (including “reverse repo” operations) having the status of government issued by the central governments of foreign states - no more than 30 (thirty) percent of the investment portfolio formed from the Fund’s own assets;
“reverse repo” transactions made with the participation of the Fund’s own assets - no more than 20 (twenty) percent of the investment portfolio formed from the Fund’s own assets;
in debt securities does not exceed 25 (twenty-five) percent of the total volume of debt securities of one issue;
in non-government debt securities issued by international financial organizations - no more than 10 (ten) percent of the investment portfolio formed from the Fund’s own assets, but no more than 25 (twenty-five) percent of the equity capital of this issuer;
in refined precious metals and metal accounts – no more than 10 (ten) percent of the investment portfolio formed from the Fund’s own assets.

The requirements for the total placement of the Fund’s own assets established by this paragraph do not apply to the securities specified in subparagraph 4) of paragraph 2 of the List.";

subparagraph 3) paragraph 5 shall be stated as follows:

"3) in securities (taking into account reverse repo transactions) having the status of government issued by the central governments of foreign states - no more than 20 (twenty) percent of the reserves;".

Introduce into the resolution of the Board of the National Bank of the Republic of Kazakhstan dated October 29, 2018 No. 259 “On approval of the Rules for posting information on the Internet resource of an insurance organization, an insurance broker, a branch of a non-resident insurance (reinsurance) organization of the Republic of Kazakhstan, a branch of an insurance a non-resident broker of the Republic of Kazakhstan, an organization that guarantees the implementation of insurance payments to policyholders (insured, beneficiaries) in the event of liquidation of insurance organizations, forced termination of the activities of branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan, an insurance ombudsman, an organization for the formation and maintenance of a database" (registered in the Register of State Registration of Normative Legal Acts under No. 17825) the following changes and additions:

in the Rules for posting information on the Internet resource of an insurance organization, an insurance broker, a branch of a non-resident insurance (reinsurance) organization of the Republic of Kazakhstan, a branch of a non-resident insurance broker of the Republic of Kazakhstan, an organization that guarantees insurance payments to policyholders (insured, beneficiaries) in the event liquidation of insurance organizations, forced termination of activities of branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan, insurance ombudsman, organization for the formation and maintenance of a database approved by the specified resolution (hereinafter referred to as the Rules):

subparagraph 5) paragraph 3 should be stated as follows:

"5) access to information by sequentially following hyperlinks (indicating the information to which it leads), starting from the main page of the Internet resource.

Access to information is provided by moving no more than three clicks from the main page of the Internet resource.";

add paragraph 3-1 with the following content:

"3-1. When posting information, it is necessary to ensure that the date and time of its publication, as well as the date and time of the last update.";

add paragraph 4-1 with the following content:

"4-1. Internet resources are developed taking into account ensuring reliable and uniform display of information, as well as providing access to posted information on desktop computers and mobile devices.";

appendix shall be amended in accordance with appendix 4 to the List.

Introduce into the resolution of the Board of the National Bank of the Republic of Kazakhstan dated October 29, 2018 No. 269 “On establishing Requirements for the content and procedure for issuing insurance policies” (registered in the Register of State Registration of Normative Legal Acts under No. 17806) the following changes:

preamble should be stated as follows:

"In accordance with the laws of the Republic of Kazakhstan "On insurance activities", "On compulsory insurance of civil liability of private notaries", "On compulsory insurance civil liability of audit organizations", "On compulsory insurance civil liability of the carrier to passengers", "On compulsory insurance civil liability of vehicle owners", "On compulsory tourist insurance", "On compulsory insurance civil liability of owners of objects whose activities are associated with the danger of causing harm to third parties", "On compulsory environmental insurance" Board of the National Bank of the Republic of Kazakhstan RESOLVES:";

in Requirements to the content and procedure for issuing insurance policies approved by the specified resolution:

clause 1 shall be stated as follows:

"1. These Requirements for the content and procedure for issuing an insurance policy (hereinafter referred to as the Requirements) have been developed in accordance with the laws of the Republic of Kazakhstan "On insurance activities", "On mandatory insurance civil liability of private notaries", "On compulsory insurance civil liability of audit organizations", "On compulsory insurance civil liability of the carrier to passengers", "On compulsory insurance civil liability of vehicle owners", "On compulsory insurance tourist" (hereinafter referred to as the Law on Compulsory Tourist Insurance), "On Compulsory Insurance of civil liability of owners of objects whose activities are associated with the danger of causing harm to third parties", "On compulsory environmental insurance" and establish requirements for the content and procedure for issuing insurance policies.

For the purposes of the Requirements, the following concept is used:

insurer - an insurance organization, a branch of a non-resident insurance organization of the Republic of Kazakhstan.";

clause 5 shall be stated as follows:

"5. The insurance policy for compulsory insurance of a tourist, in addition to the information specified in paragraph 2 of the Requirements, contains the name, location, Internet resource, telephone and fax numbers, e-mail address of the insurer's assistance company, last name, first name, patronymic (if any), date of birth, place of residence of the insured, information about the compulsory insurance program of the country of residence of the tourist, a note on the familiarization of the policyholder (insured) with the conditions chosen by the policyholder (insured) insurance program.";

clause 9 shall be stated as follows:

"9. The text of the insurance policy is presented in Kazakh and Russian, the insurance policy for compulsory tourist insurance, the insurance certificate - in Kazakh, Russian and English.

The text of the insurance policy and certificate is printed in Times New Roman font, size no less than nine, with regular letter spacing, single line spacing and paragraph indentation.

The availability of an insurance policy generated in electronic form is ensured for viewing by the policyholder (the insured, the beneficiary), as well as for downloading and saving it.

The text of the insurance policy and insurance certificate are subject to interpretation in accordance with the literal meaning of their verbal expression. If special insurance terminology is used in the text, its full and unambiguous interpretation is given."

Introduce into the resolution of the Board of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market dated February 12, 2021 No. 24 “On approval of the Rules and conditions for issuing permission to create an insurance (reinsurance) organization, as well as requirements for the content of documents, Rules for issuing permission to open a branch of an insurance company (reinsurance) non-resident organization of the Republic of Kazakhstan, a branch of a non-resident insurance broker of the Republic of Kazakhstan, as well as requirements for the content of a business plan, Rules for licensing insurance (reinsurance) activities and activities of an insurance broker, as well as requirements for the content of documents, Rules for the voluntary return of a license for the right to carry out insurance (reinsurance) activities" (registered in the Register of State Registration of Normative Legal Acts under No. 22217) the following changes:

in the Rules for licensing insurance (reinsurance) activities and insurance broker activities, as well as requirements for the content of documents approved by the said resolution:

in Appendix 5:

line, serial number 3, should be stated as follows: "

Duration of provision of public services

when issuing a license: within 30 (thirty) working days from the date of access to the portal;
when re-issuing a license: within 15 (fifteen) working days from the date of access to the portal; within 30 (thirty) working days from the date of access to the portal (in case of reorganization of the service recipient in the form of separation or division);
when issuing a duplicate license - within 2 (two) business days from the date of application to the portal.

in Appendix 6:

line, serial number 3, should be stated as follows:

Duration of provision of public services

when issuing a license: within 30 (thirty) working days from the date of access to the portal;
when re-issuing a license: within 15 (fifteen) working days from the date of access to the portal; within 30 (thirty) working days from the date of access to the portal (in case of reorganization of the service recipient in the form of separation or division);
when issuing a duplicate license - within 2 (two) business days from the date of application to the portal.

in Appendix 7:

line, serial number 3, should be stated as follows:

Duration of provision of public services

when issuing a license: within 30 (thirty) working days from the date of access to the portal;
when re-issuing a license: within 15 (fifteen) working days from the date of access to the portal; within 30 (thirty) working days from the date of access to the portal (in case of reorganization of the service recipient in the form of separation or division);
when issuing a duplicate license - within 2 (two) business days from the date of application to the portal.

in Appendix 8:

line, serial number 3, should be stated as follows:

Duration of provision of public services

when issuing a license: within 30 (thirty) working days from the date of access to the portal;
when re-issuing a license: within 15 (fifteen) working days from the date of access to the portal; within 30 (thirty) working days from the date of access to the portal (in case of reorganization of the service recipient in the form of separation or division);
when issuing a duplicate license - within 2 (two) business days from the date of application to the portal.

in Appendix 9:

line, serial number 9, should be stated as follows:

Grounds for refusal to provide public services

failure to comply with the requirements established by the legislation of the Republic of Kazakhstan;
non-compliance of the submitted documents with the requirements of the legislation of the Republic of Kazakhstan;
non-approval of a managerial employee (for a newly created insurance broker, an opened branch of a non-resident insurance broker of the Republic of Kazakhstan);
failure to comply with the requirement for the formation of assets of a branch of a non-resident insurance broker of the Republic of Kazakhstan, accepted as a reserve, in accordance with paragraph 4 of Article 34 of the Law;
the non-resident insurance broker of the Republic of Kazakhstan does not have a valid license to carry out essentially similar types of activities issued by the financial supervisory authority of the state of which the non-resident insurance broker of the Republic of Kazakhstan is a resident;
engaging in a type of activity is prohibited by the laws of the Republic of Kazakhstan for this category of legal entities;
the license fee has not been paid;
in relation to the service recipient there is a court decision (sentence) that has entered into legal force on the suspension or prohibition of activities or certain types of activities subject to licensing;
the court, based on the presentation of the bailiff, is temporarily prohibited from issuing a license to the service recipient-debtor;
lack of consent of the service recipient, provided in accordance with Article 8 of the Law of the Republic of Kazakhstan "On Personal Data and Their Protection", to access restricted personal data that is required for the provision of public services.

Appendix 1 to the List

Appendix to the Requirements to the activities of the organization on formation and database maintenance

Form

Act

putting the database management system into commercial operation __________________________________ __________________________________ (name of the Organization for the formation and maintenance of the database)

"____"_____________ 20___ years date

____________________ place of composition

In accordance with clause 5 Article 79 of the Law of the Republic of Kazakhstan "On Insurance Activities" (hereinafter referred to as the Law on Insurance Activities) was created the commission consists of the following: representatives of the authorized body (indicate position, surname, first name, patronymic (if available): _______________________________\ ________________________________ _______________________________\ ________________________________ _______________________________\ ________________________________ _______________________________\ ________________________________, which drew up this act of commissioning the database management system into commercial operation Organizations for the formation and maintenance databases _______________________________\ ________________________________ _______________________________\ ________________________________. (Name) Representatives of the Organization for the formation of and maintaining a database (indicate position, surname, first name, patronymic (if available)): _______________________________\ ________________________________ _______________________________\ ________________________________ _______________________________\ ________________________________ Information regarding concluded agreements for the provision of information with information providers specified in clause 3 Article 80 of the Law on Insurance activities:

No.

Information provider name

Contract number and date of conclusion

Test result

Explanations of the test result

Insurers

1.1

...

Authorized state body exercising state control over database subjects

2.1

...

Other persons

3.1

...

Total (quantity)

Organization of the information process for the formation and issuance insurance reports: Description of the database management system: _______________________________\ ________________________________ _______________________________\ ________________________________ _______________________________\ ________________________________ _______________________________\ ________________________________ Results of testing the information process with suppliers information who have entered into an agreement on the provision of information: _______________________________\ ________________________________ _______________________________\ ________________________________ _______________________________\ ________________________________ _______________________________\ ________________________________ Summary of explanations from representatives of the Formation Organization and database maintenance: _______________________________\ ________________________________ _______________________________\ ________________________________ _______________________________\ ________________________________ _______________________________\ ________________________________ The commission checked technical and other documents, agreements on the provision information with information providers specified in paragraph 3 of Article 80 of the Law about insurance activities, Organizations for the formation and maintenance of a database _______________________________\ ________________________________ _______________________________\ ________________________________ _______________________________\ ________________________________ _______________________________\ ________________________________, (Name) examined its database management systems and other objects intended to organize the information process for the formation and issuance of insurance reports and found that this Organization for the formation and maintenance of the database data _______________________________\ ________________________________ _______________________________\ ________________________________ ready (not ready) to introduce a database management system into an industrial environment exploitation. The organization for the formation and maintenance of the database presented the following documents relating to the organization of the information process for the formation and issuance of insurance reports, database management system and testing information process, which are attached to the commission act: _______________________________\ ________________________________ _______________________________\ ________________________________ _______________________________\ ________________________________ _______________________________\ ________________________________ The act was drawn up in two copies and one copy was handed over to: authorized body; Organizations for the formation and maintenance of the database. Members of the commission (last name, first name, patronymic (if any), signature and date of signing): _______________________________\ ________________________________ _______________________________\ ________________________________ _______________________________\ ________________________________ _______________________________\ ________________________________ Representatives of the Organization for the formation and maintenance of the database (last name, first name, patronymic (if any), signature and date of signing): _______________________________\ ________________________________ _______________________________\ ________________________________ _______________________________\ ________________________________ _______________________________\ ________________________________ Head of the Organization for the formation and maintenance of the database (last name, first name, patronymic (if any), signature and date of signing): _______________________________\ ________________________________ _______________________________\ ________________________________

Appendix 2 to the List

Approved by resolution of the Board National Bank Republic of Kazakhstan dated May 30, 2016 No. 140

Rules for calculating and applying the coefficient using the "bonus-malus" system for calculating the insurance premium for compulsory civil liability insurance of vehicle owners

These Rules for the calculation and application of the coefficient for the "bonus-malus" system for calculating the insurance premium for compulsory civil liability insurance of vehicle owners (hereinafter referred to as the Rules) were developed in accordance with subparagraph 18-2) Article 43 of the Law of the Republic of Kazakhstan "On Insurance Activities" (hereinafter referred to as – Law) and clause 10 of Article 19 of the Law of the Republic of Kazakhstan “On compulsory insurance of civil liability of vehicle owners” (hereinafter referred to as the Law on compulsory liability insurance of vehicle owners) and determine the procedure for calculating and applying the coefficient under the “bonus-malus” system for calculating the insurance premium for compulsory insurance civil liability of vehicle owners (hereinafter referred to as compulsory liability insurance of vehicle owners).

The concepts and terms used in the Rules are used in the meanings specified in the Law and the Law on compulsory liability insurance of vehicle owners.

For the purpose of establishing coefficients for the “bonus-malus” system (hereinafter referred to as the coefficient), a resident individual of the Republic of Kazakhstan is recognized as a person whose citizenship and (or) identity, when concluding a contract of compulsory liability insurance for vehicle owners (hereinafter referred to as the compulsory insurance contract), is confirmed and (or) certified by the following documents:

identity card of a citizen of the Republic of Kazakhstan;
passport of a citizen of the Republic of Kazakhstan;
birth certificate in the Republic of Kazakhstan;
residence permit of a foreigner in the Republic of Kazakhstan;
certificate of a stateless person.

Coefficients are established and the corresponding classes are assigned to the policyholder (insured) upon concluding a compulsory insurance contract (hereinafter referred to as the class) in accordance with the appendix to the Rules.

The basis for the insurer’s application of coefficients is information about the insured event(s), or the lack of information about the insured event(s) that occurred due to the fault of the policyholder (insured), as well as other information provided for by the Rules, received by the insurer from the unified insurance database (hereinafter referred to as the database) and (or) state databases.

The information received from state databases necessary for calculating and assigning coefficients under the bonus-malus system is transferred by the insurer to the database.

The insurer, which is a supplier of information, bears responsibility established by the Code of the Republic of Kazakhstan on administrative offenses for non-fulfillment or improper fulfillment of requirements for the provision of information to the database.

When assigning an insurance class to the policyholder (insured), the insured event(s) that occurred through his fault, as well as the days during which the civil liability of the policyholder (insured) under the compulsory insurance contract was insured, from the date of the previous change in class, are subject to registration, regardless of the number of compulsory insurance contracts concluded, and other information provided for by the Rules.

The occurrence of an insured event (insured events) that occurred due to the fault of the policyholder (insured) and for which the insurance payment was made, entails a reduction in the class of the policyholder (insured) in accordance with the appendix to the Rules, taking into account the requirements established by paragraphs 7, 10, 11, 12, 13 and 14 of the Rules. In this case, the minimum class is class M2.

Changing a class to a higher class is carried out if the following conditions are simultaneously met:

absence in the organization that creates and maintains the database information about the insured event (insurance events) that occurred due to the fault of the policyholder (insured) and recorded (recorded) in the database since the last change in class;

availability of information in the database about at least two hundred and seventy calendar days from the date of the last class change, during which the civil liability of the policyholder (insured) under a compulsory insurance contract was insured, regardless of the number of concluded compulsory insurance contracts, except for the cases provided for in paragraphs 4 and 5 of the Rules, in which the availability of information on continuous insurance of civil liability of the policyholder (insured) for a period of at least two hundred and seventy calendar days is required.

For persons deprived of the right to drive vehicles, classes are not increased during the period of deprivation of this right. In case of deprivation of the right to drive a vehicle, to change the class to a higher class, the days from the date of the last change of class during which the civil liability of the policyholder (insured) under the compulsory insurance contract was insured, regardless of the number of compulsory insurance contracts concluded before the day of deprivation of the right to drive vehicles, are taken into account.

The information specified in part four of this paragraph and in paragraphs 7, 8, 9, 12, 13, 14 of the Rules is used when calculating bonus-malus coefficients if the unified insurance database has access to this information, or the possibility of obtaining it through integration with state databases as of the current date, in the absence of information on the date preceding the date of calculation.

When concluding a compulsory insurance contract for the first time, the policyholder (insured) is assigned class 3 using an increasing factor of twenty percent, except for the cases provided for in paragraphs 5 and 6 of the Rules.

A compulsory insurance contract is considered to be concluded for the first time if the database does not contain information about the existence of previously continuously insured civil liability of the policyholder (insured) under the compulsory insurance contract for a period of at least two hundred and seventy calendar days.

When concluding a compulsory insurance contract for the first time with the owner of a motor vehicle, the policyholder (insured) is assigned class 3, except for the case provided for in paragraph 6 of the Rules.

When concluding a compulsory insurance agreement with owners of vehicles temporarily entered (imported) into the territory of the Republic of Kazakhstan, class 13 is assigned.
The occurrence of an insured event that occurred through the fault of the policyholder (insured) and resulted in death and for which an insurance payment was made, entails a reduction in the class of the policyholder (insured) to the minimum class - M2, except for the cases provided for in paragraphs 6, 8 and 9 of the Rules.
When concluding a compulsory insurance agreement with a legal entity, individual entrepreneur and peasant farm, with the exception of persons provided for in paragraphs 6 and 9 of the Rules, class 3 is assigned.
When concluding a compulsory insurance agreement with a legal entity, individual entrepreneur and peasant farm, the general classifier of the types of economic activity of which corresponds to services for the provision of rental of cars and light vehicles, leasing of cars and light vehicles, transportation by buses, as well as taxi activities, is assigned class 3 with the application of an increasing factor of eighty percent, except for the cases provided for in paragraph 6 of the Rules.
When settling an insured event that occurred through the fault of the policyholder (insured), through a simplified procedure for settling an insured event in accordance with Article 22-2 of the Law on Compulsory Liability Insurance of Vehicle Owners, the policyholder (insured) is assigned a class 1 class higher than the class provided for in the Appendix to Rules.

The provision of part one of this paragraph does not apply in the following cases:

the occurrence of two or more insured events that occurred due to the fault of the policyholder (insured);

if the current class of the policyholder (insured) at the time of assignment is M1 or M2;

application of the provisions of paragraph 14 of the Rules.

Upon the occurrence of an insured event that occurred through the fault of the policyholder (insured), for which an insurance payment was made on the property of the victim (victims) in an amount not exceeding two hundred monthly calculation indices, the policyholder (insured) is assigned a class one class higher than the class provided for in the appendix to these Rules.

The provision of part one of this paragraph does not apply in the following cases:

the occurrence of two or more insured events that occurred due to the fault of the policyholder (insured);

if the current class of the policyholder (insured) at the time of assignment is M1 or M2;

if the insured event that occurred due to the fault of the policyholder (insured) resulted in death;

application of a simplified procedure for settling an insured event in accordance with Article 22-2 of the Law on Compulsory Liability Insurance of Vehicle Owners;

application of the provisions of paragraph 14 of the Rules.

If an insured event occurs outside the territory of registration of the vehicle, which occurred due to the fault of the policyholder (insured), for which an insurance payment was made, the policyholder (insured) is assigned a class 1 class less than the class provided for in the appendix to the Rules.

The provision of part one of this paragraph does not apply in the following cases:

if at the time of concluding a compulsory insurance contract, the size of the coefficient for the territory of registration of the vehicle, taking into account the correction factor corresponding to the territory of registration of the vehicle, is greater than the size of the coefficient for the territory of the occurrence of the insured event of the vehicle, taking into account the correction factor corresponding to the territory of the occurrence of the insured event;

the occurrence of two or more insured events that occurred through the fault of the policyholder (insured) under a compulsory insurance contract.

For the purposes of this clause, the coefficient for the territory of registration of the vehicle is applied in the values provided by clause 3 of Article 19 of the Law on Compulsory Liability Insurance of Vehicle Owners, the correction factor is applied in the values approved by the authorized body in accordance with clause 3-1 Article 19 of the Law on Compulsory Liability Insurance of Vehicle Owners.

Upon the occurrence of an insurance event(s) that occurred(occurred) through the fault of the policyholder (insured) and for which an insurance payment was made and at the same time the policyholder (insured) has three or more violations of the following traffic rules, according to which the Code of the Republic of Kazakhstan administrative offenses (hereinafter referred to as the Code) provide for liability, the policyholder (insured) is assigned a class 1 class less than the class provided for in the appendix to the Rules:

exceeding the established speed of the vehicle by an amount of forty to sixty kilometers per hour, liability for which is provided for by part 3 of Article 592 of the Code;
exceeding the established speed of a vehicle by sixty or more kilometers per hour, liability for which is provided for by Part 3-1 of Article 592 of the Code;
exceeding the established speed of a vehicle by an amount from twenty to forty kilometers per hour or from forty to sixty kilometers per hour, committed repeatedly within a year after the imposition of an administrative penalty, liability for which is provided for by part 4 of Article 592 of the Code;
exceeding the established speed of a vehicle by sixty or more kilometers per hour, committed repeatedly within a year after the imposition of an administrative penalty, liability for which is provided for by part 5 of Article 592 of the Code;
leaving on the side of the roadway intended for oncoming traffic, in cases where this is prohibited by traffic rules, including associated with a U-turn or a turn, responsibility for which is provided for by part 3 of Article 596 of the Code;
driving through a prohibiting traffic light signal or a traffic controller’s prohibiting gesture, with the exception of cases provided for by part 1 of Article 607 of the Code, liability for which is provided for by part 1 Article 599 of the Code;
driving through a prohibiting traffic light signal or a prohibiting gesture of a traffic controller, with the exception of cases provided for in part one Article 607 of the Code, committed repeatedly within a year after the imposition of an administrative penalty, liability for which is provided for in part 2 Article 599 of the Code;
failure to comply with the requirements of traffic rules to give way to pedestrians or other road users, with the exception of drivers of vehicles enjoying priority in traffic, responsibility for which is provided for by part 1 of Article 600 of the Code;
failure to comply with the requirements of traffic rules to give way to pedestrians or other road users, with the exception of drivers of vehicles enjoying priority in traffic, committed repeatedly within a year after the imposition of an administrative penalty, liability for which is provided for in Part 2 of Article 600 of the Code;
violation by a road user of traffic rules, resulting in the creation of an emergency situation, that is, forcing other road users to sharply change the speed, direction of movement, responsibility for which is provided for by part 1 of Article 606 of the Code;
violation by a road user of traffic rules, resulting in the creation of an emergency situation, that is, forcing other road users to sharply change the speed or direction of movement, committed again within a year after the imposition of an administrative penalty, liability for which is provided for by part 2 of Article 606 of the Code;
driving vehicles that do not meet the requirements of technical regulations, national standards, as well as in the presence of malfunctions or conditions under which the operation of vehicles is prohibited, except for the cases specified in part six Article 590 of the Code, liability for which is provided for by part 5 Article 590 of the Code;
driving vehicles that have malfunctions in the braking system, steering, or towing device, responsibility for which is provided for in Part 6 of Article 590 of the Code.

To apply the provisions of this paragraph, decisions in a case of an administrative offense and (or) orders on the need to pay a fine that entered into force from the date of the previous change in class are taken into account, regardless of the number of compulsory insurance contracts concluded.

The provision of this paragraph does not apply if two or more insured events occur due to the fault of the policyholder (insured).

In the event of an insured event(s) occurring due to the fault of the policyholder (insured), and at the same time the policyholder (insured) has violated one of the following traffic rules, according to which the Code or The Criminal Code of the Republic of Kazakhstan (hereinafter referred to as the Criminal Code) provides for liability; the policyholder (insured) is assigned the most minimal class - M2:

driving a vehicle by a driver who is in a state of alcohol, narcotic and (or) substance intoxication, as well as transferring control of a vehicle to a person who is in a state of alcohol, narcotic and (or) substance intoxication, liability for which is provided for in part 1 of the article 608 Code;
driving a vehicle by a driver who is in a state of alcohol, narcotic and (or) substance intoxication, as well as the transfer of control of a vehicle to a person who is in a state of alcohol, narcotic and (or) substance intoxication, resulting in harm to the victim’s health that does not have signs of a criminal offense, or damage to vehicles, cargo, road and other structures or other property for which responsibility provided for by part 3 of Article 608 of the Code;
driving a vehicle by a driver in a state of alcohol, narcotic and (or) substance intoxication, as well as transferring control of a vehicle to a person in a state of alcohol, narcotic and (or) substance intoxication, committed repeatedly within a year after the expiration of the administrative penalty, liability for which is provided for by part 3-1 Article 608 of the Code;
driving a vehicle by a driver who is in a state of alcohol, narcotic and (or) substance intoxication, as well as the transfer of control of a vehicle to a person who is in a state of alcohol, narcotic and (or) substance intoxication, resulting in harm to the victim’s health that does not have signs of a criminal offense, or damage to vehicles, cargo, road and other structures or other property, committed repeatedly in within a year after the expiration of the administrative penalty, liability for which is provided for by part 3-2 of Article 608 of the Code;
violation of traffic rules or operation of vehicles by persons driving vehicles under the influence of alcohol, drugs and (or) intoxication, liability for which is provided for in Article 345-1 of the Criminal Code.

To apply the provisions of this paragraph, decisions in a case of an administrative offense and (or) orders on the need to pay a fine and (or) court sentences that entered into legal force from the date of the previous change in class are taken into account, regardless of the number of compulsory insurance contracts concluded.

If an insured event occurs due to the fault of the policyholder (insured), which meets several conditions defined by paragraphs 10, 11, 12 and 13 of the Rules, the provisions of these paragraphs are applied simultaneously, subject to the exceptions provided for in paragraphs 10, 11 and 12 of the Rules.
For policyholders (insured) individuals who have been in class 13 continuously for more than 5 years, the insurer applies a coefficient that is determined on the basis of its own risk assessment and (or) data contained in the database. In this case, the applied coefficient cannot exceed the value established by the appendix to the Rules for the 13th grade and cannot be equal to zero.

The insurer’s own risk assessment for policyholders (insured) individuals who have been in class 13 for more than 5 years continuously is based on parameters that affect the likelihood of an insured event occurring and is approved by the insurer’s board of directors.

If the coefficient applied for policyholders (insured) individuals who have been in the 13th class continuously for more than 5 years is not equal to the value of the coefficient established by the appendix to the Rules for the 13th class, the applied coefficient is entered by the insurer into the database for each policyholder (insured) in accordance with the legislation of the Republic of Kazakhstan.

Appendix to the Rules calculation and application coefficient according to the system "bonus-malus" for calculation insurance premium on compulsory insurance civil law owners' liability vehicles

Coefficient for the bonus-malus system with assignment of the corresponding class when concluding a compulsory insurance contract:

Class

Odds size

Class when concluding a compulsory insurance contract, taking into account the occurrence of insured events due to the fault of the policyholder (insured)

0 insured event

1 insured event

2 insured events

3 insured events

4 or more insured events

Class M2

3.50

Class M1

3.00

Class M

2.45

Class 0

2.30

Class 1

1.55

Class 2

1.40

Class 3

1.00

Class 4

0.95

Class 5

0.90

Class 6

0.85

Class 7

0.80

Class 8

0.75

Class 9

0.70

Class 10

0.65

Class 11

0.60

Class 12

0.55

Class 13

0.50

Appendix 3 to the List

Appendix 1 to the resolution of the Board National Bank Republic of Kazakhstan dated August 8, 2016 No. 171

Rules for storing documents subject to mandatory storage by professional participants in the insurance market, insurance agents engaged in business activities

These Rules for the storage of documents subject to mandatory storage by professional participants in the insurance market, insurance agents engaged in business activities, were developed in accordance with the laws of the Republic of Kazakhstan “On the National Archival Fund and Archives”, “On Insurance activities", "On accounting and financial reporting" and determine the procedure for storing documents subject to mandatory storage by professional participants in the insurance market, insurance agents engaged in business activities (hereinafter referred to as organizations).

Advertisement 2006 No. 77 “On approval of the Liquidation Rules and requirements for the work of the liquidation commission of a compulsorily liquidated insurance (reinsurance) organization”, registered in the Register of State Registration of Normative Legal Acts under No. 4257.

Organizations that do not have legal successors, upon their liquidation, take measures to preserve documents that are important for the history and culture of the Republic of Kazakhstan, the social and legal protection of citizens, and, together with the authorized state body for managing archives and documentation, determine the procedure for their further storage.
Information on the delivery of the organization’s files and documents for temporary and (or) permanent storage to the authorized state body for archives and documentation management is indicated in the liquidation report.

Appendix 4 to the List

Appendix to the Rules posting information on the insurance website organization, insurance broker, insurance branch (reinsurance) non-resident organization Republic of Kazakhstan, branch non-resident insurance broker Republic of Kazakhstan, organization guaranteeing implementation of insurance payments to policyholders (insured, beneficiaries) in case liquidation of insurance organizations, forced termination of activities branches of insurance (reinsurance) non-resident organizations Republic of Kazakhstan, insurance ombudsman, formation organizations and database maintenance

List of information posted by insurance market participants on the Internet resource

No.

Name of information

Frequency of posting (updating) information

Deadline for posting information

Contents of information

Information posted on the Internet resource of an insurance organization, a branch of a non-resident insurance (reinsurance) organization of the Republic of Kazakhstan

Full name, address (location), telephone numbers, operating hours, including branches and representative offices

As we update

Within 30 (thirty) working days from the date of state registration (re-registration) of a legal entity and (or) accounting registration of a branch and (or) representative office, registration of changes and (or) additions to constituent documents requiring re-registration

Full name, location, contact telephone numbers, fax numbers (if available), indicating city (region, district) codes, operating hours of the insurance organization, branch of a non-resident insurance (reinsurance) organization of the Republic of Kazakhstan, their branches and (or) representative offices (if available)

Information about shareholders

As the composition of shareholders changes

Within 3 (three) business days from the date of receipt of an extract from the personal account of the securities holder

Information about shareholders in accordance with the register of securities holders: for an individual - last name, first name, patronymic (if any) indicating the ratio of the number of securities owned by him to the number of securities of the issuer (placed and (or) voting) as a percentage; for a legal entity - the full name and location of the legal entity, indicating the ratio of the number of securities owned by it to the number of securities of the issuer (placed and (or) voting) as a percentage

Information about management employees

As the composition of management personnel changes

Within 10 (ten) calendar days from the date of their appointment (election, assignment of relevant functions) or transfer to another position

Last name, first name, patronymic (if any), position held and date of appointment (election, assignment of relevant functions) or transfer to another position of a managerial employee

Business ID Number Details

As we update

Within 30 (thirty) working days from the date of state registration (re-registration) of a legal entity and (or) accounting registration of a branch and (or) representative office

Certificates of state registration (re-registration) of an insurance organization, a branch of a non-resident insurance (reinsurance) organization of the Republic of Kazakhstan and (or) of accounting registration (re-registration) of a branch and (or) representative office of an insurance organization (if available) (documents in *pdf format)

Information about the number and date of issue of the license

Upon receipt (re-issuance) of a license

Within 5 (five) working days from the date of issue (re-issuance) of the license

License of the authorized body for regulation, control and supervision of the financial market and financial organizations (document in *pdf format)

Information about the types of activities carried out

As we update

Within 5 (five) working days from the date of activity

List of insurance products and additional permitted types of activities carried out by an insurance organization, a branch of a non-resident insurance (reinsurance) organization of the Republic of Kazakhstan in accordance with the legislation of the Republic of Kazakhstan on insurance and insurance activities

Annual financial statements, confirmed by an audit organization, for the 3 (three) previous reporting years

Annually

No later than August 31 of the year following the reporting year, simultaneously with publication in periodicals distributed throughout the Republic of Kazakhstan

Annual financial statements (balance sheet, profit and loss statement, cash flow statement, statement of changes in equity and explanatory note), confirmed by an audit organization (documents in *pdf format)

Annual consolidated financial statements, confirmed by an audit organization, for the 3 (three) previous reporting years (if available)

Annually

No later than August 31 of the year following the reporting year, simultaneously with publication in periodicals distributed throughout the Republic of Kazakhstan

Annual consolidated financial statements (balance sheet, profit and loss statement, cash flow statement, statement of changes in equity and explanatory note) in the presence of a subsidiary (subsidiaries) organization (organizations), confirmed by an audit organization (documents in *pdf format)

Reports on the results of activities for 3 (three) previous reporting years (if available)

Annually

No later than August 31 of the year following the reporting year, simultaneously with publication in periodicals

A report containing an analysis of the main indicators characterizing the activities of an insurance organization, a branch of a non-resident insurance (reinsurance) organization of the Republic of Kazakhstan and significant events in its activities based on the results of the completed financial year (document in *pdf format)

Information on participation in associations (unions), including associations of insurance (reinsurance) organizations, insurance brokers, branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan, branches of non-resident insurance brokers of the Republic of Kazakhstan (if any)

As you enter

Within 5 (five) working days from the date of entry

Full name, location of the association created in the form of an association (union), and date of entry into it

Ratings assigned to an insurance organization by rating agencies (if assigned)

As assigned, the rating is updated

Within 3 (three) business days from the date of publication by the rating agency of the news on the rating agency’s website about the assignment of the rating

Full name of the rating agencies, assigned ratings and the date the rating was assigned or the date the rating was revised based on the results of monitoring of the rating agency

Information on created insurance (reinsurance) pools (for an insurance (reinsurance) company, a branch of a non-resident insurance (reinsurance) company of the Republic of Kazakhstan, which is leading in the activities of the insurance (reinsurance) pool)

As the insurance pool is created, changes and additions are made

Within 5 (five) working days from the date of signing the agreement on joint activities of participants in the insurance (reinsurance) pool

Information, including: number and date of conclusion of the agreement on joint activities of participants in the insurance (reinsurance) pool, validity period; full name of the participants of the insurance (reinsurance) pool; full name of the insurance (reinsurance) organization, branch of the non-resident insurance (reinsurance) organization of the Republic of Kazakhstan, insurance broker who are leading in the activities of the insurance (reinsurance) pool; classes (types) of insurance and a list of insurance risks that are the subject of the activities of the insurance (reinsurance) pool

Insurance rules by type of insurance in voluntary form, which provide for the possibility of concluding an insurance contract in electronic form, with the ability to view their previous editions, changes and additions made to them

As we update

Within 5 (five) working days from the date of approval

Insurance rules for a certain type of insurance, approved by the board of directors of the insurance organization and the relevant management body of the non-resident insurance (reinsurance) organization of the Republic of Kazakhstan, indicating the number and date of approval, and their previous versions (documents in *pdf format)

Information on the amounts of insurance tariffs (insurance premiums, contributions) by type of insurance

As development progresses (updates)

Within 10 (ten) working days from the date of approval of the financial product

Information on the amounts of insurance rates (insurance premiums, contributions) by type of insurance, calculated in accordance with the Instructions on the requirements for assessment methods and principles for calculating insurance rates by classes (types) of insurance of insurance (reinsurance) organizations, branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan, approved resolution of the Board of the Agency of the Republic of Kazakhstan for Regulation and Supervision of the Financial Market and Financial Organizations dated March 25, 2006 No. 85, registered in the Register of State Registration of Normative Legal Acts under No. 4204

Information on the minimum and maximum amounts of commission remuneration of insurance agents by classes (types) of insurance approved by the insurance organization

As we update

Within 5 (five) working days from the date of approval

Minimum and maximum amounts of commission remuneration of insurance agents approved by the insurance organization for classes (types) of insurance in which the insurance organization operates

A web page that allows you to determine the amount of depreciation when determining the cost of restoration repairs for the amount of damage caused to a vehicle within the framework of compulsory civil liability insurance of vehicle owners

As we update

No later than 5 working days from the date of amendments and (or) additions to the resolution of the Board of the National Bank of the Republic of Kazakhstan dated January 28, 2016 No. 14 “On approval of Requirements for specialized software and Rules for determining the amount of damage caused to a vehicle”, registered in the State Registration Register regulatory legal acts No. 13460

A web page that allows you to determine the amount of wear and tear when determining the amount of damage caused to a vehicle (for insurance organizations operating in the general insurance industry)

Information posted on the Internet resource of an insurance broker, a branch of a non-resident insurance broker of the Republic of Kazakhstan

Full name, address (location), telephone numbers, operating hours, including branches and representative offices

As we update

Full name, location, contact telephone numbers, fax numbers (if available), indicating city (region, district) codes, operating hours of the insurance broker, branch of a non-resident insurance broker of the Republic of Kazakhstan, branch of a non-resident insurance broker of the Republic of Kazakhstan, branches and representative offices of an insurance broker (if available)

Information about shareholders (participants)

As the composition of shareholders (participants) changes

Within 3 (three) working days from the date of receipt of an extract from the personal account of the securities holder or an extract from the register of participants of the partnership, or from the date of state registration (re-registration) of a legal entity and (or) accounting registration of a branch and (or) representative office, registration of changes and (or) additions to the constituent documents requiring re-registration

Information about shareholders (participants) in accordance with the register of securities holders or the charter or register of participants of the partnership: for an individual - last name, first name, patronymic (if any) indicating the ratio of the number of securities owned by him to the number of securities of the issuer (placed and (or) voting) as a percentage; for a legal entity - the full name and location of the legal entity, indicating the ratio of the number of securities owned by it to the number of securities of the issuer (placed and (or) voting) as a percentage

Information about management employees

As the composition of management personnel changes

Within 10 (ten) calendar days from the date of their appointment (election, assignment of relevant functions) or transfer to another position

Last name, first name, patronymic (if any), position held and date of appointment (election, assignment of relevant functions) or transfer to another position of a managerial employee

Business ID Number Details

As we update

Within 30 (thirty) working days from the date of state registration (re-registration) of a legal entity and (or) accounting registration of a branch and (or) representative office

Certificates of state registration (re-registration) of an insurance broker, a branch of a non-resident insurance broker of the Republic of Kazakhstan and (or) of accounting registration (re-registration) of a branch and (or) representative office of an insurance broker (if available) (documents in *pdf format)

Information about the number and date of issue of the license

Upon receipt (re-issuance) of a license

Within 5 (five) working days from the date of issue (re-issuance) of the license

License of the authorized body for regulation, control and supervision of the financial market and financial organizations (document in *pdf format)

Information about the types of activities carried out

As we update

Within 5 (five) working days from the date of activity

Types of brokerage activities: intermediary activities for concluding insurance contracts on one’s own behalf and on behalf of the insured; intermediary activities for concluding reinsurance agreements on its own behalf and on behalf of the reinsurer (assignor); additional permitted activities carried out by an insurance broker, a branch of a non-resident insurance broker of the Republic of Kazakhstan in accordance with the legislation of the Republic of Kazakhstan on insurance and insurance activities

Annual financial statements, confirmed by an audit organization, for the 3 (three) previous reporting years

Annually

No later than August 31 of the year following the reporting year, simultaneously with publication in periodicals distributed throughout the Republic of Kazakhstan

Annual consolidated financial statements, confirmed by an audit organization, for the 3 (three) previous reporting years (if available)

Annually

No later than August 31 of the year following the reporting year, simultaneously with publication in periodicals distributed throughout the Republic of Kazakhstan

Reports on the results of activities for 3 (three) previous reporting years (if available)

Annually

No later than August 31 of the year following the reporting year, simultaneously with publication in periodicals

A report containing an analysis of the main indicators characterizing the activities of an insurance broker, a branch of a non-resident insurance broker of the Republic of Kazakhstan, and significant events in their activities based on the results of the completed financial year (document in *pdf format)

As you enter

Within 5 (five) working days from the date of entry

Full name, location of the association created in the form of an association (union), and date of entry into it

Information about the current contract of civil liability insurance of an insurance broker, a branch of a non-resident insurance broker of the Republic of Kazakhstan to third parties, including the number and date of conclusion of the contract, the name of the insurer, the object of insurance and the list of risks that are the subject of the contract, the period of its validity and the insured amount under the contract

As the conclusion, amendments and additions are made to the civil liability insurance contract of an insurance broker, a branch of a non-resident insurance broker of the Republic of Kazakhstan to third parties

Within 3 (three) working days from the date of signing the agreement

Information, including: number and date of conclusion of the civil liability insurance contract of an insurance broker, a branch of a non-resident insurance broker of the Republic of Kazakhstan to third parties; full name of the insurance (reinsurance) company, branch of the non-resident insurance (reinsurance) company of the Republic of Kazakhstan; object of insurance and list of risks; the insured amount in relation to risks associated with the conclusion of insurance and reinsurance contracts by an insurance broker, a branch of a non-resident insurance broker of the Republic of Kazakhstan; validity period of the insurance contract

Information on the minimum and maximum amounts of the insurance broker's commission under concluded insurance (reinsurance) contracts approved by the insurance broker.

after approval of the Insurance Broker Rules on the amount of commission

Within 5 (five) working days from the date of approval of the internal Rules of the insurance broker on the conditions, payment procedure and amount of commission

Information including the amount of the insurance broker's commission for services provided under concluded insurance (reinsurance) contracts. The specified information should also include a brief information note for clients of the insurance broker about the procedure and principles for forming remuneration for the services provided to them.

Information about the existence of facts of affiliation with insurance (reinsurance) organizations and other official connections with insurance (reinsurance) organizations.

quarterly

Information must be posted quarterly, as well as within five working days from the moment of affiliation or the conclusion of a new agreement with an insurance (reinsurance) organization.

1. The information includes information about the existence of facts of affiliation with insurance (reinsurance) organizations. The information reflects the following information: date of affiliation; full name / full name; state date legal registration faces; state number legal registration faces; postal address, country; postal address, district; basis for recognition of affiliation. 2. Information on the availability of existing contracts and other official relations with insurance (reinsurance) organizations.

Advisory services provided by an insurance broker

quarterly

Within (five) working days from the date of conclusion of contracts for the provision of consulting services

Information about contracts for the provision of consulting services concluded by an insurance broker is reflected.

Information posted on the Internet resource of an organization that guarantees insurance payments to policyholders (insured, beneficiaries) in the event of liquidation of insurance organizations, forced termination of the activities of branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan

Full name, address (location), telephone numbers, operating hours

As we update

Within 30 (thirty) working days from the date of state registration (re-registration) of a legal entity

Full name, location, contact phone numbers, faxes (if available), indicating the city code, operating hours of the organization guaranteeing insurance payments to policyholders (insured, beneficiaries) in the event of liquidation of insurance organizations, forced termination of activities of branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan

Information about shareholders

As the composition of shareholders changes

Within 3 (three) business days from the date of receipt of an extract from the personal account of the securities holder

Information about shareholders in accordance with the register of securities holders (full name and location of the legal entity, indicating the ratio of the number of securities owned by it to the number of securities of the issuer (placed and (or) voting) as a percentage)

Information about management employees

As the composition of management personnel changes

Within 10 (ten) calendar days from the date of their appointment (election, assignment of relevant functions) or transfer to another position

Last name, first name, patronymic (if any), position held and date of appointment (election, assignment of relevant functions) or transfer to another position of a managerial employee

Business ID Number Details

As we update

Within 30 (thirty) working days from the date of state registration (re-registration) of a legal entity

Certificate of state registration (re-registration) of an organization guaranteeing the implementation of insurance payments to policyholders (insured, beneficiaries) in the event of liquidation of insurance organizations, forced termination of the activities of branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan (document in *pdf format)

Information about the types of activities carried out

As we update

Within 5 (five) working days from the date of activity

List of guaranteed types of insurance in accordance with the legislation of the Republic of Kazakhstan on the Insurance Payment Guarantee Fund and (or) other types of activities carried out in accordance with the legislation of the Republic of Kazakhstan on the Insurance Payment Guarantee Fund

Annual financial statements, confirmed by an audit organization, for the 3 (three) previous reporting years

Annually

No later than August 31 of the year following the reporting year, simultaneously with publication in periodicals distributed throughout the Republic of Kazakhstan

Reports on the results of activities for 3 (three) previous reporting years (if available)

Annually

No later than August 31 of the year following the reporting year, simultaneously with publication in periodicals

A report containing an analysis of the main indicators characterizing the activities of an organization that guarantees the implementation of insurance payments to policyholders (insured, beneficiaries) in the event of liquidation of insurance organizations, forced termination of the activities of branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan, and significant events in its activities based on the results of the completed financial year (document in *pdf format)

As you enter

Within 5 (five) working days from the date of joining the association

Full name, location of the association created in the form of an association (union), and date of entry into it

Information about participating insurance organizations

As we update

Within 5 (five) working days from the date of signing the agreement for participation in the Insurance Payment Guarantee Fund

Information, including: full name of insurance organizations that are participants in the system of guaranteeing insurance payments on the basis of an agreement of participation in the Fund for Guaranteeing Insurance Payments; number and date of conclusion of the agreement for participation in the Insurance Payment Guarantee Fund

Information posted on the Internet resource of the insurance ombudsman

Full name, address (location), telephone numbers, operating hours of the office of the insurance ombudsman, including its branches and representative offices

As we update

Last name, first name, patronymic (if any) of the insurance ombudsman, location, telephone numbers, faxes (if available) indicating the city (region, district) codes, operating hours of the office of the insurance ombudsman, its branches and (or) representative offices (if available)

Information on the election of an insurance ombudsman

Upon election (re-election, early termination of powers)

Within 5 (five) working days from the date of election (re-election, early termination of powers)

Date of adoption by the authorized body of the decision on the election (re-election, early termination of powers) of the insurance ombudsman and the term of office of the insurance ombudsman

List of insurance organizations included in the council of representatives of the insurance ombudsman

As the composition of the council of representatives changes

Within 5 (five) working days from the date of formation of the composition of the council of representatives

Full name of insurance organizations, branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan that are members of the council of representatives of the insurance ombudsman

Information about the types of activities carried out

As we update

Within 5 (five) working days from the date of election

Information on activities to resolve disagreements arising between: insurance organizations, branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan on issues of compulsory and voluntary insurance; policyholders (insured, beneficiaries) and insurance organizations, branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan under insurance contracts

Internal rules governing the activities of the insurance ombudsman, including the procedure and timing for consideration of applications for dispute resolution and decision-making, as well as memorandums concluded with insurance market participants

As we update

Within 5 (five) working days from the date of approval

Internal rules regulating the activities of the insurance ombudsman and memorandums concluded with insurance market participants (documents in *pdf format)

As you enter

Within 5 (five) working days from the date of entry

Full name, location of the association created in the form of an association (union), and date of entry into it

Reports on the results of activities for 3 (three) previous reporting years (if available)

Annually

No later than August 31 of the year following the reporting year, simultaneously with publication in periodicals

A report containing an analysis of the main indicators characterizing the activities of the insurance ombudsman and significant events in its activities based on the results of the completed financial year (document in *pdf format)

As we update

Web page that allows you to determine the amount of wear and tear when determining the amount of damage caused to a vehicle

Rating of insurance organizations by the number of applications for settlement of disputes in the office of the insurance ombudsman

Quarterly

No later than the 15th (fifteenth) day of the month following the reporting quarter

A report containing indicators characterizing the level of work carried out by insurance organizations with policyholders (insured, beneficiaries) (document in *pdf format)

Information posted on the Internet resource of the organization for the formation and maintenance of the database

Full name, address (location), telephone numbers, operating hours

As we update

Within 30 (thirty) working days from the date of state registration (re-registration) of a legal entity

Full name, location, contact telephone numbers, fax numbers (if available), indicating the city code, operating mode of the organization for the formation and maintenance of the database

Information about shareholders (participants)

As the composition of shareholders (participants) changes

Within 5 (five) working days from the date of issue of the act

Information about shareholders (participants) in accordance with the register of securities holders (full name and location of the legal entity, indicating the ratio of the number of securities owned by it to the number of securities of the issuer (placed and (or) voting) as a percentage)

Information about managers

As the leadership team changes

Within 5 (five) working days from the date of appointment

Last name, first name, patronymic (if any), name of the position held, number and date of adoption by the board of directors of the decision on appointment to the position of manager

Business ID Number Details

As we update

Within 30 (thirty) working days from the date of state registration (re-registration) of a legal entity

Certificate of state registration (re-registration) of a legal entity (document in *pdf format)

Information about the types of activities carried out

As we update

Within 5 (five) working days from the date of activity

Information, including: activities for the formation and maintenance of a database on compulsory and voluntary types of insurance on the basis of the legislation of the Republic of Kazakhstan on insurance and insurance activities and legislative acts of the Republic of Kazakhstan governing compulsory types of insurance; activities to maintain a unified register of insurance agents; list of Internet resources of insurance organizations used for concluding insurance contracts in electronic form

Performance reports for the three previous reporting years (if available)

Annually

No later than August 31 of the year following the reporting year, simultaneously with publication in periodicals

A report containing an analysis of the main indicators characterizing the organization’s activities in creating and maintaining a database and significant events in its activities based on the results of the completed financial year (document in *pdf format)

As you enter

Within 5 (five) working days from the date of entry

Full name, location of the association created in the form of an association (union), and date of entry into it Download

Statistical information by insurance class

Monthly

No later than the 7th (seventh) working day of the month following the reporting month

Statistical information on the amount of insurance payments made for the current financial year, as well as on insurance (reinsurance) contracts valid and concluded for the current financial year, broken down by insurance classes by: volume of obligations; the amount of insurance premiums; number of insurance (reinsurance) contracts.