Article 3. State regulation, control and supervision of the activities of the Insurance Benefit Guarantee Fund of the Insurance Benefit Guarantee Fund Act

Home / RLA / Article 3. State regulation, control and supervision of the activities of the Insurance Benefit Guarantee Fund of the Insurance Benefit Guarantee Fund Act

1. State regulation, control and supervision of the activities of the Insurance Benefit Guarantee Fund (hereinafter referred to as the Fund) is carried out by the authorized body for regulation, control and supervision of the financial market and financial organizations (hereinafter referred to as the authorized body).

2. Excluded by the Law of the Republic of Kazakhstan dated 24.11.2015 No. 422-V (effective from 01.01.2016).

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.

President

Republic of Kazakhstan

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