Article 15. The amount of the insured sum Chapter 3. Insurance amount and insurance premium of the Law on Compulsory Insurance of Civil Liability of Auditing Organizations

Home / RLA / Article 15. The amount of the insured sum Chapter 3. Insurance amount and insurance premium of the Law on Compulsory Insurance of Civil Liability of Auditing Organizations

The amount of the insured sum is established by agreement of the parties in the contract of compulsory liability insurance of audit organizations, but the amount of the insured sum must be at least:

1) excluded by the Law of the Republic of Kazakhstan dated May 5, 2006 No. 139 (for the procedure of entry into force, see art. 2 of the Law of the Republic of Kazakhstan No. 139);

2) 10,000 times the monthly calculation index established by the law on the republican budget for the relevant financial year, as of the date of conclusion of the contract under the contract of compulsory liability insurance of auditing organizations concluded with the auditing organization.

The Law of the Republic of Kazakhstan dated June 13, 2003 No. 440.

This Law regulates public relations arising in connection with compulsory insurance of civil liability of audit organizations, and establishes the legal, economic and organizational basis for its implementation.

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Republic of Kazakhstan

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