Article 16. Interaction of participants of the State educational accumulative System during the conclusion and operation of the deposit agreement The Law On the State Educational Accumulative System

Home / RLA / Article 16. Interaction of participants of the State educational accumulative System during the conclusion and operation of the deposit agreement The Law On the State Educational Accumulative System

1. When concluding a deposit agreement, the participating bank verifies the depositor's compliance with the requirements established by this Law, as well as the absence of a valid deposit agreement opened in the name of the depositor and an insurance contract concluded in favor of the beneficiary, under which the depositor and the beneficiary are one and the same person.

2. For each deposit agreement, the participating bank, within the time limits and in accordance with the procedure established by the cooperation agreement, provides the operator with information about the depositor, the account status, the movement of the depositor's money, the accrual and amount of the state premium, the initial educational capital (if any), as well as other necessary information.

3. The operator requests, and the authorized body for documenting and issuing passports and identity cards provides information on confirmation of depositors' citizenship of the Republic of Kazakhstan annually by January 1.

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