"Insurance Company "Freedom Finance Insurance", JSC (renamed from "Insurance Company "Trust Insurance", JSC)
Insurance organizations
19.07.2010
06-01-11/753
Limited enforcement action
Commitment letter
The nature of a breach:
1. Breached the requirement of Kazakhstan Republic law
Date of performance:
03.08.2010
Статья/пункты НПА, Статья КоАП:
Note:
Implemented
Type of Enactments
1. Concerning regulation of financial sector
Name of Regional Branch of National Bank of Kazakhstan / Department:
"Sinoasia B&R Insurance" JSC (renamed from "Medical Insurance Company "Archimedes Kazakhstan” JSC)
Insurance organizations
19.07.2010
06-01-11/743
Limited enforcement action
Commitment letter
The nature of a breach:
1. breached the requirement for risk management system in insurance/reinsurance companies (Decree №130)
Date of performance:
28.07.2010
Статья/пункты НПА, Статья КоАП:
Note:
Implemented
Type of Enactments
1. Concerning regulation of financial sector
Name of Regional Branch of National Bank of Kazakhstan / Department:
Joint Stock Company "European Insurance Company" - Life Assurance Company (renamed from "PPF Insurance - Life Assurance Company, JSC)
Insurance organizations
19.07.2010
06-01-11/741
Limited enforcement action
Commitment letter
The nature of a breach:
1. breached the requirement for risk management system in insurance/reinsurance companies (Decree №130)
Date of performance:
28.07.2010
Статья/пункты НПА, Статья КоАП:
Note:
Implemented
Type of Enactments
1. Concerning regulation of financial sector
Name of Regional Branch of National Bank of Kazakhstan / Department:
"Insurance Company "EcoPolicy", JSC
Insurance organizations
19.07.2010
06-01-11/754
Limited enforcement action
Commitment letter
The nature of a breach:
1. incorrect reporting related to loss ratio as of 01.07.10
Date of performance:
30.07.2010
Статья/пункты НПА, Статья КоАП:
Note:
Implemented
Type of Enactments
1. Concerning regulation of financial sector
Name of Regional Branch of National Bank of Kazakhstan / Department:
"Insurance Company "EcoPolicy", JSC
Insurance organizations
19.07.2010
06-01-11/751
Limited enforcement action
Commitment letter
The nature of a breach:
1. breached the requirement for risk management system in insurance/reinsurance companies (Decree №130)
Date of performance:
30.07.2010
Статья/пункты НПА, Статья КоАП:
Note:
Implemented
Type of Enactments
1. Concerning regulation of financial sector
Name of Regional Branch of National Bank of Kazakhstan / Department:
«Subsidiary Organization of the Nurbank JSC «Nurpolicy" Insurance Company», JSC
Insurance organizations
29.07.2010
06-01-11/814
Limited enforcement action
Written prescription
The nature of a breach:
1. Representation of inadequate reporting information
Date of performance:
17.08.2010
Статья/пункты НПА, Статья КоАП:
Note:
Implemented
Type of Enactments
1. Concerning regulation of financial sector
Name of Regional Branch of National Bank of Kazakhstan / Department:
«Insurance Company «Kompetenz», JSC (renamed from "Insurance Company "Аllianz Кazakhstan", JSC)
Insurance organizations
09.08.2010
06-01-11/839
Limited enforcement action
Written prescription
The nature of a breach:
1. Failure to comply with prudential standards
Date of performance:
31.08.2010
Статья/пункты НПА, Статья КоАП:
Note:
Implemented
Type of Enactments
1. Concerning regulation of financial sector
Name of Regional Branch of National Bank of Kazakhstan / Department:
«Insurance Company «Kompetenz», JSC (renamed from "Insurance Company "Аllianz Кazakhstan", JSC)
Insurance organizations
10.08.2010
132
Sanctions and other administrative penalties
Not specified
Punishment awarded:
202600
The nature of a breach:
1. administrative sanction was applied due to failure of keeping accounting balance sheet in accordance with established standards and procedures
Date of performance:
10.08.2010
Статья/пункты НПА, Статья КоАП:
1.
Статья: 173
Пункт: 10
-
Type of Enactments
1. Concerning regulation of financial sector
Name of Regional Branch of National Bank of Kazakhstan / Department:
«Insurance Company «Kompetenz», JSC (renamed from "Insurance Company "Аllianz Кazakhstan", JSC)
Insurance organizations
10.08.2010
131
Sanctions and other administrative penalties
Not specified
Punishment awarded:
390971
The nature of a breach:
1. administrative sanction was applied due to violation of insurance law at the time of its transactions
Date of performance:
10.08.2010
Статья/пункты НПА, Статья КоАП:
1.
Статья: 173
Пункт: 4
-
Type of Enactments
1. Concerning regulation of financial sector
Name of Regional Branch of National Bank of Kazakhstan / Department:
«Insurance Company «Kompetenz», JSC (renamed from "Insurance Company "Аllianz Кazakhstan", JSC)
Insurance organizations
10.08.2010
130
Sanctions and other administrative penalties
Not specified
Punishment awarded:
70650
The nature of a breach:
1. administrative sanction was applied due to delay in producing insurance payments
Date of performance:
10.08.2010
Статья/пункты НПА, Статья КоАП:
1.
Статья: 174
Пункт: 2
-
Type of Enactments
1. Concerning regulation of financial sector
Name of Regional Branch of National Bank of Kazakhstan / Department:
