Article 11. Termination of the participation agreement The Law on the Insurance Benefit Guarantee Fund

Home / RLA / Article 11. Termination of the participation agreement The Law on the Insurance Benefit Guarantee Fund

The participation agreement is terminated:

1) on the general grounds provided for by the civil legislation of the Republic of Kazakhstan;

2) in case of termination by an insurance organization participating in the Fund of insurance activities for guaranteed types of insurance and termination of insurance contracts concluded for these types of insurance.

The Law of the Republic of Kazakhstan dated June 3, 2003 No. 423.

This Law defines the legal status, the procedure for the establishment and operation of the Insurance Benefit Guarantee Fund, as well as the conditions for the participation of insurance organizations, branches of insurance organizations that are non-residents of the Republic of Kazakhstan in the Insurance Benefit Guarantee Fund and the principles of ensuring control over its activities.

President

Republic of Kazakhstan

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