Article 2. Legislation on the Insurance Benefit Guarantee Fund of the Insurance Benefit Guarantee Fund Act

Home / RLA / Article 2. Legislation on the Insurance Benefit Guarantee Fund of the Insurance Benefit Guarantee Fund Act

The legislation on the Insurance Benefit Guarantee Fund is based on the Constitution of the Republic of Kazakhstan and consists of the Civil Code of the Republic of Kazakhstan, the Law of the Republic of Kazakhstan "On Insurance Activities", this Law and other regulatory legal acts of the Republic of Kazakhstan.

The provisions of this Law applicable to insurance organizations, as well as the provisions of this Law regulating the grounds and procedure for making guarantee payments, apply to branches of insurance organizations that are non-residents of the Republic of Kazakhstan engaged in insurance activities on the territory of the Republic of Kazakhstan for guaranteed types of insurance, taking into account the specifics provided for by the Law of the Republic of Kazakhstan "On Insurance Activities".

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.

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Republic of Kazakhstan

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