Article 7. State supervision and control in the field of compulsory liability insurance of audit organizations The Law on Compulsory Insurance of Civil Liability of Audit Organizations

Home / RLA / Article 7. State supervision and control in the field of compulsory liability insurance of audit organizations The Law on Compulsory Insurance of Civil Liability of Audit Organizations

1. State supervision and control over the activities of insurance organizations shall be 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) in accordance with the legislation of the Republic of Kazakhstan.

2. State control over the fulfillment by audit organizations of the requirements of this Law regarding the obligation for them to conclude a compulsory liability insurance contract for audit organizations, and taking measures against audit organizations that violate this requirement, are assigned in accordance with this Law to the relevant authorized state body within its competence established by legislative acts of the Republic of Kazakhstan.

The Law of the Republic of Kazakhstan dated June 13, 2003 No. 440.

This Law regulates public relations arising in connection with compulsory insurance of civil liability of audit organizations, and establishes the legal, economic and organizational basis for its implementation.

President

Republic of Kazakhstan

Constitution Law Code Standard Decree Order Decision Resolution Lawyer Almaty Lawyer Legal service Legal advice Civil Criminal Administrative cases Disputes Defense Arbitration Law Company Kazakhstan Law Firm Court Cases