Article 14-1. Accrual, payment and refund of the state premium under the insurance contract The Law On the State Educational Accumulative System

Home / RLA / Article 14-1. Accrual, payment and refund of the state premium under the insurance contract The Law On the State Educational Accumulative System

1. The state premium is accrued under a registered insurance contract for a period of no more than twenty years.

2. The State premium under the insurance contract is calculated annually for the estimated amount under the insurance contract as of January 1. The State premium is accrued during the period of the insurance contract.

3. The State premium under the insurance contract is added to the estimated amount under the insurance contract and calculated in accordance with the methodology for calculating the State premium.

4. The State premium under the insurance contract is calculated in the amount provided for in Article 13 of this Law for the deposit agreement.

5. The accrual of the state premium under the insurance contract is terminated:

1) in case of expiration of the accrual period established by paragraph 1 of this Article;

2) in case of expiration of the insurance contract;

3) from the date of death, entry into force of a court decision declaring the beneficiary incompetent, missing or declared deceased.

6. The accrued premium of the state is subject to refund to the budget in the following cases::

1) termination of the insurance contract at the initiative of the policyholder, except in the case of termination of the contract in connection with the transfer of the redemption amount, taking into account the investment income and the accrued premium of the state to another participating insurance organization, or termination of obligations under the insurance contract due to the expiration of the term without meeting the intended purpose;

2) the expiration of three calendar years from the date of the beneficiary's expulsion from the participating educational organization, if during these three years the beneficiary has not been reinstated in the expelled participating educational organization or has not enrolled in another participating educational organization.;

3) loss of citizenship of the Republic of Kazakhstan by the beneficiary;

4) the discovery of the fact of an excessively accrued state premium.

7. The refund of the state premium to the budget is carried out by the participating insurance company through the operator according to his certificate of the amount of the state premium to be refunded to the budget, within five working days from the date of receipt of the certificate from the operator.:

1) on the grounds provided for in subparagraphs 1) and 2) of paragraph 6 of this Article, in full;

2) on the grounds provided for in subparagraph 3) paragraph 6 of this article, in terms of the amount not used for educational services, in accordance with the methodology for calculating the state premium;

3) on the grounds provided for in subparagraph 4) paragraph 6 of this article, in terms of the amount of the excessively accrued State premium.

The Law of the Republic of Kazakhstan dated January 14, 2013 No. 67-V.

This Law regulates public relations in the sphere of functioning of the State Educational Accumulative System, as well as the conditions, forms and content of its state stimulation.

President

Republic of Kazakhstan

Constitution Law Code Standard Decree Order Decision Resolution Lawyer Almaty Lawyer Legal service Legal advice Civil Criminal Administrative cases Disputes Defense Arbitration Law Company Kazakhstan Law Firm Court Cases