Article 4-1. Senior staff of the Insurance Benefit Guarantee Fund Act

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1. The Fund's senior staff are:

1) the head and members of the Fund's management body;

2) the head and members of the executive body of the Foundation;

3) Chief Accountant of the Fund.

At least one of the members of the Fund's executive body must have supporting documents confirming that they have attended at least fifty percent of the courses of the minimum mandatory actuarial training program established by the regulatory legal act of the authorized body.

2. The requirements for the Fund's senior staff and the procedure for their approval are established by Article 9-4 of the Law of the Republic of Kazakhstan "On State Regulation, Control and Supervision of the Financial Market and Financial Organizations."

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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