Article 8. Constituent documents of the Company The Law on Mutual Insurance

      1. The founding documents of the company are the founding agreement and the articles of association.  

     2. The company's founding agreement must contain:

      1) the obligation of the founders to sign an insurance contract and pay insurance premiums;  

      2) the amount of monetary contributions made by the founders for administrative expenses related to the establishment and organization of the company's activities.  

      3. The Charter of the company, in addition to the information provided by the legislative acts of the Republic of Kazakhstan, must contain:  

      1) the grounds for the association of members of the company, including an indication of the community of property interests subject to mutual insurance, the professional affiliation of the members of the company, the community of fields of activity and interests;  

      2) liability of the company's members, including subsidiary liability for insurance obligations, as well as for additional contributions;  

      3) Insurance classes;  

      4) the procedure for payment of insurance premiums and other contributions;  

      5) the procedure for the formation and use of insurance and other reserves created by the company;  

      6) excluded by the Law of the Republic of Kazakhstan dated 12/30/2009 No. 234-IV;

      7) the procedure for providing information about the company's activities to the members of the company;  

      8) the procedure for becoming a member of the company, as well as the grounds and procedure for termination of membership in the company.  

      The company's charter may contain other provisions that do not contradict the legislation of the Republic of Kazakhstan.  

      4. The charter of the company is accompanied by a list of members of the company indicating the surname, first name and, if desired, patronymic, as well as the place of residence and identity document data for individuals, as well as the full name, location and data on state registration (re-registration) for legal entities.  

      The Company ensures that the list of its members is maintained and maintained.  

      5. The Articles of Association of the company should be made available to candidates for membership of the company for review.  

     6. The Company is obliged, within ten calendar days after the state registration of amendments or additions to the constituent documents, including those requiring re-registration with the judicial authorities, to submit to the authorized body a notarized copy of the amendments or additions to the constituent documents with a mark and seal of the registering judicial authority.

The Law of the Republic of Kazakhstan dated July 5, 2006 No. 163.

      This Law regulates public relations related to the implementation of mutual insurance and establishes the legal basis for the activities of mutual insurance companies.

President    

Republic of Kazakhstan     

© 2012. RSE na PHB "Institute of Legislation and Legal Information of the Republic of Kazakhstan" of the Ministry of Justice of the Republic of Kazakhstan  

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