Article 6. Functions of the operator of the Law On the State Educational Accumulative System

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 Operator:

1) concludes a cooperation agreement with the participating bank, the participating insurance company;

2) concludes a cooperation agreement with the participating educational organization;

3) requests from the participating bank, the participating insurance organization, the participating educational organization, the depositor, the policyholder and (or) the beneficiary the necessary information regarding the conclusion, validity of the deposit agreement, the insurance agreement, the accrual of the state premium and the initial educational capital, the cost and payment of educational services, the status of the student;

4) carries out registration and keeps records of concluded deposit agreements, insurance contracts;

4-1) checks whether, respectively, the depositor or beneficiary has a deposit agreement or an insurance agreement registered with the operator, as well as an insurance agreement or a deposit agreement under which the beneficiary and the depositor are one and the same person.;

5) excludes the deposit agreement from the unified register of educational accumulative contribution agreements and terminates the accrual of the state's premium on it after receiving from the participating bank supporting documents on the depositor's enrollment in a foreign educational organization and the transfer of the depositor's accumulated funds to a foreign educational organization.;

5-1) excludes the insurance contract from the unified register of educational accumulative insurance contracts and terminates the accrual of the state premium under it after receiving from the participating insurance organization supporting documents on the beneficiary's enrollment in a foreign educational organization and making insurance payments under the insurance contract of a foreign educational organization.;

6) publishes information in the mass media twice a year on the fulfillment by the participating bank and the participating insurance organization of the requirements set forth in this Law for participation in the State Educational Funded System.;

7) calculates the amount of the state's premium, the initial educational capital to be credited to an educational savings account or insurance contract, and submits it to the participating bank or insurance organization, respectively.;

8) monitors compliance by the participating bank and the participating insurance organization with the deadlines for crediting the amounts of government premiums and initial educational capital to educational accumulative deposits and insurance contracts;

9) recalculates the accrual of the state premium in the cases provided for in Articles 14 and 14-1 of this Law.;

10) issues a certificate statement on the amount of the state's premium, the initial educational capital to be returned to the budget, to the depositor, the participating bank, the policyholder, the beneficiary, the participating insurance organization or the participating educational organization;

11) ensures the completeness and timeliness of the refund by the participating bank, the participating insurance organization or the participating educational organization of the amount of the initial educational capital, the state premium to the budget;

12) takes measures to hold accountable the depositor, the policyholder, the participating bank, the participating insurance organization, the participating educational organization in case of violations of the requirements imposed on them by this Law and (or) the cooperation agreement, in accordance with the procedure established by the laws of the Republic of Kazakhstan;

13) terminates the cooperation agreement with the participating bank unilaterally in the event that the participating bank fails to comply with the requirements set out in paragraph 2 of Article 15 of this Law, and also requires the transfer of depositors' money, the credited amount of the state premium under the deposit agreement, and the initial educational capital (if any) to another participating bank of the depositor's choice.;

13-1) terminates the cooperation agreement with the participating insurance organization unilaterally in the event that the participating insurance organization fails to comply with the requirements set out in paragraph 2 of Article 18-1 of this Law, and also requires the transfer of the redemption amount and the credited amount of the state premium under the insurance contract, the initial educational capital (if any) to another participating insurance organization. the choice of the policyholder;

14) notifies the participating bank or the participating insurance organization of the need to terminate the deposit agreement with the depositor or the insurance agreement with the policyholder in case of discovery of the fact that the depositor or beneficiary has lost the citizenship of the Republic of Kazakhstan.

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

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