Article 230. Violation of the legislation of the Republic of Kazakhstan on compulsory insurance and the Code of Administrative Offences of the Republic of Kazakhstan
1. Evasion of an insurance organization, a branch of a non–resident insurance organization of the Republic of Kazakhstan from concluding a compulsory insurance contract provided for by legislative acts of the Republic of Kazakhstan, –
entails a fine in the amount of three hundred monthly calculation indices.
2. Failure to conclude a compulsory insurance contract by a person who is obliged, in accordance with the legislative act of the Republic of Kazakhstan on compulsory insurance, to conclude a compulsory insurance contract, –
entails a fine for individuals in the amount of ten, for officials, private notaries, private bailiffs, small businesses or non–profit organizations – in the amount of one hundred and sixty, for medium–sized businesses - in the amount of four hundred, for large businesses - in the amount of one thousand monthly calculation indices.
3. Violation by an insurance (reinsurance) organization, a branch of a non–resident insurance (reinsurance) organization of the Republic of Kazakhstan of the requirements of the legislative acts of the Republic of Kazakhstan, expressed in non-fulfillment or improper fulfillment of the requirements for providing information to the insurance database, –
entails a fine in the amount of three hundred monthly calculation indices.
4. Conclusion by an insurance (reinsurance) organization, a branch of a non–resident insurance (reinsurance) organization of the Republic of Kazakhstan of a compulsory insurance contract on terms that do not comply with the requirements of the legislation of the Republic of Kazakhstan, resulting in the establishment of insurance amounts other than those determined by the laws of the Republic of Kazakhstan on compulsory types of insurance, –
entails a fine in the amount of one hundred percent of the amount of insurance premiums under insurance contracts, but not more than one thousand monthly calculation indices.
5. Conclusion by an insurance (reinsurance) organization, a branch of a non–resident insurance (reinsurance) organization of the Republic of Kazakhstan of a compulsory insurance contract on terms that do not comply with the requirements of the legislation of the Republic of Kazakhstan, resulting in the establishment of insurance premiums other than those determined by the laws of the Republic of Kazakhstan on compulsory types of insurance, as well as incorrect (unreasonable) use of coefficients in calculating the insurance premium –
they entail a fine of one hundred percent of the amount of insurance premiums under insurance contracts, but not more than one thousand monthly calculation indices.
6. Conclusion by an insurance (reinsurance) organization, a branch of a non–resident insurance (reinsurance) organization of the Republic of Kazakhstan of a compulsory insurance contract on terms that do not comply with the requirements of the legislation of the Republic of Kazakhstan, resulting in insurance of objects for compulsory types of insurance that are not subject to insurance, –
entails a fine in the amount of one hundred percent of the amount of insurance premiums under insurance contracts, but not more than one thousand monthly calculation indices.
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