Article 14. Prohibition of unlicensed activities of the Insurance Law

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1. No person who does not have the appropriate license of the authorized body has the right to:

1) carry out insurance and reinsurance activities on their behalf, provide insurance broker and actuary services in the cases provided for in paragraphs 4 and 5 of Article 11-1 of this Law, as the main or additional type of activity.;

2) use the words "insurance", "reinsurance", "insurance organization", "reinsurance organization", "insurance broker" or words (expressions) derived from them in any language in its name, documents, advertisements and advertisements, implying that it carries out insurance or reinsurance operations on its behalf; or acts as an insurance broker, actuary in the cases provided for in paragraphs 4 and 5 of Article 11-1 of this Law.

2. It is prohibited to carry out insurance activities without a license from an authorized body, with the exception of the activities of mutual insurance companies.

The Law of the Republic of Kazakhstan dated December 18, 2000 No. 126.

President

Republic of Kazakhstan

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