Approval of the List, Forms, and Deadlines for Submitting Prudential Norm Compliance Reports by Insurance and Reinsurance Entities

"NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN" STATE INSTITUTION "NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN"
DECISION OF THE BOARD		BOARD RESOLUTION
November 28, 2019, Almaty city		No. 223, Almaty city

On the approval of the list, forms, and deadlines for submitting reports on the fulfillment of prudential norms by an insurance (reinsurance) organization, an insurance group, and an Islamic insurance (reinsurance) organization and the Rules for its submission

In accordance with the laws of the Republic of Kazakhstan dated March 30, 1995, "On the National Bank of the Republic of Kazakhstan," December 18, 2000, "On Insurance Activity," and March 19, 2010, "On State Statistics," the Board of the National Bank of the Republic of Kazakhstan RESOLVES:

1. To approve:

1) the list of reports on the fulfillment of prudential norms by an insurance (reinsurance) organization, an insurance group, and an Islamic insurance (reinsurance) organization according to Appendix 1 to this resolution;

2) the form of the report on the fulfillment of prudential norms by an insurance (reinsurance) organization according to Appendix 2 to this resolution;

3) the form of the report on the calculation of the unexpected risk reserve by an insurance (reinsurance) organization according to Appendix 3 to this resolution;

4) the form of the report on the calculation of the stabilization reserve by an insurance (reinsurance) organization according to Appendix 4 to this resolution;

5) the form of the report on the fulfillment of the solvency margin adequacy ratio norm of an insurance group according to Appendix 5 to this resolution;

6) the form of the report on the fulfillment of prudential norms by an Islamic insurance (reinsurance) organization according to Appendix 6 to this resolution;

7) the form of the report on the calculation of the unexpected risk reserve by an Islamic insurance (reinsurance) organization according to Appendix 7 to this resolution;

8) the form of the report on the calculation of the stabilization reserve by an Islamic insurance (reinsurance) organization according to Appendix 8 to this resolution;

9) the Rules for submitting reports on the fulfillment of prudential norms by an insurance (reinsurance) organization, an insurance group, and an Islamic insurance (reinsurance) organization, according to Appendix 9 to this resolution.

2. The report on the fulfillment of the solvency margin adequacy ratio norm of an insurance group includes the form according to Appendix 5 to this resolution, as well as calculations of the minimum solvency margin (equity) for the participants in the insurance group in accordance with the Table of bank assets weighted by the credit risk of investments, according to Appendix 5 and the Table of conditional and possible obligations of the bank weighted by the credit risk, according to Appendix 6 to the Normative Values and Calculation Methodologies of Prudential Normative Values and Other Mandatory Normative Values and Capital Limits of the Bank as of a Certain Date, approved by the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated September 13, 2017, No. 170, registered in the Register of State Registration of Normative Legal Acts under No. 15886.

3. Insurance (reinsurance) organizations submit to the National Bank of the Republic of Kazakhstan in electronic format:

1) monthly no later than the 6th working day of the month following the reporting month, the report in accordance with Appendix 2 to this resolution;

2) quarterly no later than the 6th working day of the month following the reporting quarter, the report in accordance with Appendix 3 to this resolution;

3) annually before February 10 of the year following the reporting year, the report in accordance with Appendix 4 to this resolution.

The parent organization of an insurance group submits to the National Bank of the Republic of Kazakhstan in electronic format the report in accordance with Appendix 5 to this resolution:

quarterly, no later than the 1st day of the second month following the reporting quarter;

for the fourth quarter of the past year, no later than April 1 of the year following the reporting quarter.

Islamic insurance (reinsurance) organizations submit to the National Bank of the Republic of Kazakhstan in electronic format:

1) monthly no later than the 6th working day of the month following the reporting month, the report in accordance with Appendix 6 to this resolution;

2) quarterly no later than the 6th working day of the month following the reporting quarter, the report in accordance with Appendix 7 to this resolution;

3) annually before February 10 of the year following the reporting year, the report in accordance with Appendix 8 to this resolution.

4. The Department of Financial Market Statistics must ensure in the manner prescribed by the legislation of the Republic of Kazakhstan:

1) jointly with the Legal Department, the state registration of this resolution with the Ministry of Justice of the Republic of Kazakhstan;

2) the publication of this resolution on the official website of the National Bank of the Republic of Kazakhstan after its official publication;

3) within ten working days after the state registration of this resolution, the submission to the Legal Department of information on the fulfillment of the measures provided for in subparagraph 2) of this paragraph and paragraph 5 of this resolution.

5. The Department of External Communications – the press service of the National Bank must ensure within ten calendar days after the state registration of this resolution the sending of its copy for official publication in periodic printed publications.

6. Control over the execution of this resolution is assigned to the Deputy Chairman of the National Bank of the Republic of Kazakhstan, M.E. Abylkasmova.

7. This resolution enters into force on January 1, 2020, and is subject to official publication.

Chairman
National Bank E. Dosaev

"AGREED"

Committee on Statistics
Ministry of National Economy
Republic of Kazakhstan

"___" ______ 2019

Appendix 1
to the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated November 28, 2019, No. 223

List of reports on the fulfillment of prudential norms by an insurance (reinsurance) organization, an insurance group, and an Islamic insurance (reinsurance) organization

The list of reports on the fulfillment of prudential norms by an insurance (reinsurance) organization, an insurance group, and an Islamic insurance (reinsurance) organization includes:

1) report on the fulfillment of prudential norms by an insurance (reinsurance) organization;

2) report on the calculation of the unexpected risk reserve by an insurance (reinsurance) organization;

3) report on the calculation of the stabilization reserve by an insurance (reinsurance) organization;

4) report on the fulfillment of the solvency margin adequacy ratio norm of an insurance group.

5) report on the fulfillment of prudential norms by an Islamic insurance (reinsurance) organization;

6) report on the calculation of the unexpected risk reserve by an Islamic insurance (reinsurance) organization;

7) report on the calculation of the stabilization reserve by an Islamic insurance (reinsurance) organization.

Appendix 2
to the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated November 28, 2019, No. 223

Form

Form intended for collecting administrative data

Submitted to: The National Bank of the Republic of Kazakhstan

Administrative data form is located on the website: www.nationalbank.kz

Report on the fulfillment of prudential norms by an insurance (reinsurance) organization

Administrative data form index: 1-PN_M

Periodicity: monthly

Reporting period: as of "____" ______ 20 ___ year

Entities submitting: insurance (reinsurance) organization

Form

Table 1. Information on the fulfillment of prudential norms by an insurance (reinsurance) organization

№	Name of the norm	Indicator value
1	2	3
1	Solvency margin adequacy ratio norm (1.1/1.2)
1.1	Actual solvency margin (1.3 + 1.4 or 1.8 smallest value) (in thousand tenge)
1.2	Minimum solvency margin ("400") (in thousand tenge)
1.3	Intermediate result of the calculation of the actual solvency margin ("100") (in thousand tenge)
1.4	Amount included in the calculation of the actual solvency margin ("200") (in thousand tenge)
1.5	Total assets taking into account their classification by quality and liquidity ("12000") (in thousand tenge)
1.6	Insurance reserves minus the reinsurer's share ("13000") (in thousand tenge)
1.7	Liabilities, excluding the amount of insurance reserves ("14000") (in thousand tenge)
1.8	Actual solvency margin calculated taking into account the classification of assets by quality and liquidity (1.5 - 1.6 - 1.7) (in thousand tenge)
2	Total balance value of investments in securities (including reverse REPO operations), deposits and money in one second-tier bank and affiliates of this bank (ND1-1), meeting the requirements of subparagraph 1) of paragraph 42 of the Normative Values and Calculation Methodologies of Prudential Normative Values and Other Mandatory Normative Values and Capital Limits of the Insurance (Reinsurance) Organization and Insurance Group, approved by the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated December 26, 2016, No. 304 "On establishing normative values and calculation methodologies of prudential norms of the insurance (reinsurance) organization and insurance group and other mandatory norms and limits, list, forms, deadlines for submitting reports on the fulfillment of prudential norms by insurance (reinsurance) organizations and insurance groups, Rules for submitting reports on the fulfillment of prudential norms by insurance (reinsurance) organizations and insurance groups, requirements for acquired insurance (reinsurance) organizations, subsidiaries of insurance (reinsurance) organizations or insurance holdings, list of bonds of international financial organizations acquired by insurance holdings, minimum required rating for bonds acquired by insurance holdings, and list of rating agencies, as well as list of financial instruments (except shares and equity participation) acquired by insurance (reinsurance) organizations", registered in the Register of State Registration of Normative Legal Acts under No. 14794 (hereinafter referred to as Normative Values and Calculation Methodologies of Prudential Normative Values of the Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Normative Values and Limits) - no more than 20 (twenty) percent of the sum of assets calculated in accordance with paragraph 34 of the Normative Values and Calculation Methodologies of Prudential Normative Values of the Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Normative Values and Limits (in percent)
3	Total balance value of investments in securities (including reverse REPO operations), deposits and money in one second-tier bank and affiliates of this bank (ND1-2), meeting the requirements of subparagraph 2) of paragraph 42 of the Normative Values and Calculation Methodologies of Prudential Normative Values of the Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Normative Values and Limits - no more than 15 (fifteen) percent of the sum of assets calculated in accordance with paragraph 34 of the Normative Values and Calculation Methodologies of Prudential Normative Values of the Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Normative Values and Limits (in percent)
4	Total balance value of investments in securities (including reverse REPO operations), deposits and money in one second-tier bank and affiliates of this bank (ND1-3), meeting the requirements of subparagraph 3) of paragraph 42 of the Normative Values and Calculation Methodologies of Prudential Normative Values of the Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Normative Values and Limits - no more than 10 (ten) percent of the sum of assets calculated in accordance with paragraph 34 of the Normative Values and Calculation Methodologies of Prudential Normative Values of the Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Normative Values and Limits (in percent)
5	Total balance value of investments in securities (including reverse REPO operations) and money in one legal entity that is not a second-tier bank, and affiliates of this legal entity (ND2) - no more than 10 (ten) percent of the sum of assets calculated in accordance with paragraph 34 of the Normative Values and Calculation Methodologies of Prudential Normative Values of the Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Normative Values and Limits, (in percent)
6	"Reverse REPO" transactions involving assets of the insurance (reinsurance) organization concluded for a period of no more than 30 (thirty) calendar days (in the stock exchange trading system) (ND3) - no more than 30 (thirty) percent of the sum of assets calculated in accordance with paragraph 34 of the Normative Values and Calculation Methodologies of Prudential Normative Values of the Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Normative Values and Limits (in percent)
7	Total placement in affiliated precious metals and metal deposits for a period of no more than 12 (twelve) months (ND4) - no more than 10 (ten) percent of the sum of assets calculated in accordance with paragraph 34 of the Normative Values and Calculation Methodologies of Prudential Normative Values of the Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Normative Values and Limits (in percent)
8	Total amount of loans to policyholders of the insurance (reinsurance) organization operating in the "life insurance" sector, (ND5) - no more than 10 (ten) percent of the sum of assets calculated in accordance with paragraph 34 of the Normative Values and Calculation Methodologies of Prudential Normative Values of the Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Normative Values and Limits (in percent)
9	Total balance value of investments in securities (including reverse REPO operations) with the status of state, issued by the central government of a foreign state (ND6) - no more than 10 (ten) percent of the sum of assets calculated in accordance with paragraph 34 of the Normative Values and Calculation Methodologies of Prudential Normative Values of the Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Normative Values and Limits (in percent)
10	Total balance value of investments in securities (including reverse REPO operations) of an international financial organization that is included in the list established by paragraph 39 of the Normative Values and Calculation Methodologies of Prudential Normative Values of the Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Normative Values and Limits, (ND7) - no more than 10 (ten) percent of the sum of assets calculated in accordance with paragraph 34 of the Normative Values and Calculation Methodologies of Prudential Normative Values of the Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Normative Values and Limits (in percent)
11	Total balance value of investments in shares meeting the requirements of subparagraphs 23) and 24) of paragraph 38 of the Normative Values and Calculation Methodologies of Prudential Normative Values of the Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Normative Values and Limits, (ND8) - no more than 10 (ten) percent of the sum of assets calculated in accordance with paragraph 34 of the Normative Values and Calculation Methodologies of Prudential Normative Values of the Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Normative Values and Limits (in percent)
12	Total balance value of investments in shares of open-end and interval investment funds (ND8-1) - no more than 5 (five) percent of the sum of assets calculated in accordance with paragraph 34 of the Normative Values and Calculation Methodologies of Prudential Normative Values of the Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Normative Values and Limits (in percent)
13	Total balance value of investments in debt securities issued by local executive bodies of the Republic of Kazakhstan (ND9) - no more than 10 (ten) percent of the sum of assets calculated in accordance with paragraph 34 of the Normative Values and Calculation Methodologies of Prudential Normative Values of the Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Normative Values and Limits (in percent)
14	Total balance value of investments in Islamic finance instruments meeting the requirements of subparagraphs 25) and 26) of paragraph 38 of the Normative Values and Calculation Methodologies of Prudential Normative Values of the Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Normative Values and Limits, (ND10) - no more than 10 (ten) percent of the sum of assets calculated in accordance with paragraph 34 of the Normative Values and Calculation Methodologies of Prudential Normative Values of the Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Normative Values and Limits (in percent)
15	Information on the fulfillment of the high-liquidity asset adequacy norm (yes/no)

Table 2. Amount of increase in the minimum solvency margin of an insurance (reinsurance) organization

(in thousand tenge)

Name of reinsurance organization	Reinsurer's rating according to international or national scale (solvency margin adequacy norm)	Volume of obligations transferred (being transferred) under existing reinsurance contracts, total	Percentage of the volume of obligations transferred (being transferred) under existing reinsurance contracts	Amount of increase in the minimum solvency margin (column 3 x column 4)
1	2	3	4	5
Reinsurance contracts concluded with reinsurers who are non-residents of the Republic of Kazakhstan, excluding reinsurers from the countries of the Eurasian Economic Union Treaty, ratified by the Law of the Republic of Kazakhstan dated October 14, 2014, "On the Ratification of the Eurasian Economic Union Treaty" (hereinafter referred to as the EAEU Treaty)
Group 1	"AA-" or higher		0%
Group 2	from "A+" to "A-"		0%
Group 3	from "BBB+" to "BBB-"		0.2%
Group 4	from "BB+" to "BB-"		0.75%
Group 5	from "B+" to "B-"		3.8%
Group 6	below "B-" or absent		22%
Reinsurance contracts concluded with reinsurers who are residents of the Republic of Kazakhstan
Group 7	not lower than "B" or "kzBB"		0%
Group 8	"B-", "kzBB-", "kzB+"		0.2%
Group 9	> 1.75		0.05%
Group 10	> 1.5		0.1%
Group 11	> 1.25		0.2%
Group 12	> 1.1		0.5%
Group 13	>= 1.0		3.8%
Group 14	< 1.0		5%
Reinsurance contracts concluded with reinsurers from the countries of the EAEU Treaty
Group 15	from "BBB+" to "BBB-"		0%
Group 16	from "BB+" to "BB-"		0.2%
Group 17	from "B+" to "B-"		0.5%
Group 18	below "B-" or absent		22%
Total:	xxx		xxx

Table 3. Calculation of the minimum solvency margin for an insurance (reinsurance) organization engaged in general insurance and a reinsurance organization engaged in reinsurance as an exclusive activity

(in thousand tenge)

Name of indicator		Line code	Amount
1		2	3
Calculation of the minimum solvency margin using the "premium method"
Insurance premiums accepted under insurance and reinsurance contracts for the previous financial year, total (according to subparagraphs 1), 2), 3) of paragraph 12 of the Normative Values and Methodology for Calculating Prudential Standards of an Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Norms and Limits)		1110
Amount of expenses for payment of commission remuneration on insurance activity for the previous financial year		1120
Amount of corporate income tax for the previous financial year		1130
Adjusted insurance premiums accepted under insurance and reinsurance contracts for the previous financial year ("1110" - "1120" - "1130")		1100
Earned insurance premiums under insurance and reinsurance contracts for the previous financial year, total (according to subparagraphs 1), 2), 3) of paragraph 12 of the Normative Values and Methodology for Calculating Prudential Standards of an Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Norms and Limits)		1210
Adjusted aggregate earned insurance premiums for the previous financial year ("1210" - "1120" - "1130")		1200
Aggregate insurance premiums accepted under insurance and reinsurance contracts or aggregate earned insurance premiums for further calculation (if "1100" ≥ "1200", then "1100"; if "1100" < "1200", then "1200")		1010
Intermediate total A: (if "1010" > 3 500 000, then (3 500 000 x 0.18 + ("1010" - 3 500 000) x 0.16); if "1010" < 3 500 000, then "1010" x 0.18)		1020
Aggregate insurance payments net of reinsurer's share in insurance payments accrued for the previous 3 (three) financial years ("1311" + "1312" + "1313")		1310
Aggregate insurance payments net of reinsurer's share in insurance payments accrued at the end of the previous financial year		1311
Aggregate insurance payments net of reinsurer's share in insurance payments accrued at the end of the financial year, for 1 (one) year preceding the previous financial year		1312
Aggregate insurance payments net of reinsurer's share in insurance payments accrued at the end of the financial year, for 2 (two) years preceding the previous financial year		1313
Aggregate insurance payments accrued for the previous 3 (three) financial years ("1321" + "1322" + "1323")		1320
Aggregate insurance payments accrued for the previous financial year		1321
Aggregate insurance payments accrued at the end of the financial year, for 1 (one) year preceding the previous financial year		1322
Aggregate insurance payments accrued at the end of the financial year, for 2 (two) years preceding the previous financial year		1323
Correction coefficient (if "1310" / "1320" > 0.5, then "1310" / "1320"; if "1310" / "1320" ≤ 0.5, then 0.5)		1300
Minimum solvency margin ("premium method") ("1020" x "1300")		1000
Calculation of the minimum solvency margin using the "claims method"
Aggregate insurance payments	accrued for the previous 3 (three) financial years (subject to the requirements of subparagraph 2) of paragraph 13 of the Normative Values and Methodology for Calculating Prudential Standards of an Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Norms and Limits) ("2111" + "2112" + "2113")	2110
accrued at the end of the previous financial year	2111
accrued at the end of the year, for 1 (one) year preceding the previous financial year	2112
accrued at the end of the year, for 2 (two) years preceding the previous financial year	2113
accrued for the previous 7 (seven) financial years for insurance (reinsurance) organizations carrying out insurance of risks specified in subparagraphs 13) and 14) of paragraph 3 of Article 6 of the Law of the Republic of Kazakhstan dated 18 December 2000 "On Insurance Activity" (hereinafter - the Law) ("2121" +... + "2127"):	2120
accrued at the end of the previous financial year	2121
accrued at the end of the year, for 1 (one) year preceding the previous financial year	2122
accrued at the end of the year, for 2 (two) years preceding the previous financial year	2123
accrued at the end of the year, for 3 (three) years preceding the previous financial year	2124
accrued at the end of the year, for 4 (four) years preceding the previous financial year	2125
accrued at the end of the year, for 5 (five) years preceding the previous financial year	2126
accrued at the end of the year, for 6 (six) years preceding the previous financial year	2127
Amount of reserve for reported but unsettled losses at the end of the previous financial year		2210
Amount of reserve for reported but unsettled losses at the end of the financial year, for 2 (two) years preceding the previous financial year		2310
Amount of reserve for reported but unsettled losses at the end of the financial year, for 6 (six) years preceding the previous financial year (for insurance (reinsurance) organizations carrying out insurance of risks specified in subparagraphs 13) and 14) of paragraph 3 of Article 6 of the Law)		2320
Aggregate insurance payments for further calculation (1/3 x ("2110" + "2210" - "2310")		2030
Aggregate insurance payments for further calculation (1/7 x ("2120" + "2210" - "2320"), for insurance (reinsurance) organizations carrying out insurance of risks specified in subparagraphs 13) and 14) of paragraph 3 of Article 6 of the Law		2031
Minimum solvency margin ("claims method"): (if "2030" > 2 500 000, then ((2 500 000 x 0.26 + ("2030" - 2 500 000) x 0.23) x "1300"); if "2030" < 2 500 000, then "2030" x 0.26 x "1300")		2000
Minimum solvency margin
Minimum solvency margin ("1000" or "2000", the greater value)		3000
Amount of increase in the minimum solvency margin under insurance (reinsurance) contracts specified in paragraph 14 of the Normative Values and Methodology for Calculating Prudential Standards of an Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Norms and Limits		3010
Adjusted minimum solvency margin for the reporting period ("3000" + "3010")		3100
Minimum solvency margin for the previous financial year		4100
Reserve for reported but unsettled losses net of reinsurer's share at the end of the previous financial year		4010
Reserve for reported but unsettled losses net of reinsurer's share at the beginning of the previous financial year		4020
Minimum solvency margin for the previous financial year, adjusted by the reserve coefficient (if "4010" / "4020" ≥ 1, then "4100", if "4010" / "4020" < 1, then "4100" x ("4010" / "4020")		4000
Calculated minimum solvency margin (if "4000" ≤ "3100", then "3100", if "4000" > "3100", then "4000")		5000
Minimum guarantee fund		6000
Calculated minimum solvency margin (5000 + part of the amount of liabilities transferred to reinsurance, calculated in accordance with Table 2 of this Report on Compliance with Prudential Standards by an Insurance (Reinsurance) Organization)		7000
Minimum guarantee fund ("6000" + part of the amount of liabilities transferred to reinsurance, calculated in accordance with Table 2 of this Report on Compliance with Prudential Standards by an Insurance (Reinsurance) Organization)		8000
Minimum solvency margin for the reporting period ("7000" or "8000", the greater value)		9000
Calculation of the actual solvency margin for insurance (reinsurance) organizations in the "general insurance" sector
Paid-in authorized capital for the insurance (reinsurance) organization		111
Preferred shares		112
Retained income of previous periods		113
Reserve capital, Contingency reserve and Stabilization reserve		114
Intangible assets, except for software acquired for the core activities of the insurance (reinsurance) organization (at cost less accumulated amortization and not exceeding 10 (ten) percent of the assets of the insurance (reinsurance) organization)		115
Uncovered loss of previous years		116
Uncovered loss of the reporting period		117
Investments in the authorized capital of other legal entities		118
Subordinated loans provided to persons who, in accordance with Article 32 of the Law, are subsidiaries of the insurance (reinsurance) organization or to persons in which the insurance (reinsurance) organization has a significant participation		119
Intermediate total A ("111" - "112" + "113" + "114" - "115" - "116" - "117" - "118" - "119")		100
Subordinated debt with a fixed maturity		201
Subordinated debt without a fixed maturity		202
Preferred shares		203
Intermediate total B ("201" + "202" + "203")		211
Amount included in the calculation of the actual solvency margin: if "211" > 0.5 x ("100" or "400", the lesser value), then 0.5 x ("100" or "400", the lesser value); if "211" ≤ 0.5 x ("100" or "400", the lesser value), then "211"		200
Actual solvency margin ("100" + "200" or "15000", the lesser value)		300
Minimum solvency margin ("9000")		400
Solvency margin adequacy ratio (300/400)		500

Table 4. Calculation of the minimum solvency margin for an insurance (reinsurance) organization carrying out insurance activity in the "life insurance" sector

(in thousands of tenge)

Name of indicator	Line code	Amount
1	2	3
For classes "life insurance" and "annuity insurance"
Life insurance contracts in case of death
Aggregate capital at risk under life insurance contracts in case of death (with a term of up to 3 (three) years), for which the capital at risk is not a negative value ("1113" - "1111")	1110
Amount of formed insurance reserves	1111
Reinsurer's share in insurance reserves	1112
Aggregate sum insured under life insurance contracts in case of death	1113
Reinsurer's share in the sum insured	1114
Aggregate capital at risk under life insurance contracts in case of death (with a term from 3 (three) to 5 (five) years), for which the capital at risk is not a negative value ("1123" - "1121")	1120
Amount of formed insurance reserves	1121
Reinsurer's share in insurance reserves	1122
Aggregate sum insured under life insurance contracts in case of death	1123
Reinsurer's share in the sum insured	1124
Aggregate capital at risk under other life insurance contracts in case of death, for which the capital at risk is not a negative value ("1133" - "1131")	1130
Amount of formed insurance reserves	1131
Reinsurer's share in insurance reserves	1132
Aggregate sum insured under life insurance contracts in case of death	1133
Reinsurer's share in the sum insured	1134
Capital at risk under life insurance contracts in case of death concluded in the previous financial year ("1110" + "1120" + "1130")	1140
Capital at risk under life insurance contracts in case of death concluded in the previous financial year, net of reinsurer's share ("1140" + "1112" - "1114" + "1122" - "1124" + "1132" - "1134")	1150
Correction coefficient (if "1150" / "1140" > 0.5, then "1150" / "1140"; if "1150" / "1140" ≤ 0.5, then 0.5)	1160
Minimum solvency margin under life insurance contracts in case of death ("1110" x 0.001 + "1120" x 0.0015 + "1130" x 0.003) x "1160")	1170
Other life insurance contracts
Amount of formed insurance reserves at the end of the previous financial year under pension annuity contracts	1210
Amount of formed insurance reserves at the end of the previous financial year under other insurance contracts	1211
Amount of formed insurance reserves for calculation: ("1210" x the corresponding percentage established by paragraph 21 of the Normative Values and Methodology for Calculating Prudential Standards of an Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Norms and Limits established by this resolution + "1211" x 0.04)	1220
Amount of formed insurance reserves net of reinsurer's share in insurance reserves at the end of the previous financial year	1230
Correction coefficient (if "1230" / ("1210+1211") > 0.85, then "1230" / ("1210+1211"), if "1230" / ("1210+1211") ≤ 0.85, then 0.85)	1240
Minimum solvency margin under other life insurance contracts ("1220" x "1240")	1200
Minimum solvency margin ("1170" + "1200")	1000
For classes "accident insurance", "health insurance" and "mandatory insurance of an employee against accidents during the performance of his labor (official) duties"
Insurance premiums accepted under insurance and reinsurance contracts for the previous financial year, total (subject to the requirements of part two of paragraph 23 of the Normative Values and Methodology for Calculating Prudential Standards of an Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Norms and Limits established by this resolution)	3110
Amount of expenses for payment of commission remuneration on insurance activity for the previous financial year	3120
Amount of taxation of insurance premiums for the previous financial year	3130
Adjusted insurance premiums accepted under insurance and reinsurance contracts for the previous financial year ("3110" - "3120" - "3130")	3140
Earned insurance premiums under insurance and reinsurance contracts for the previous financial year, total	3150
Adjusted aggregate earned insurance premiums for the previous financial year ("3150" - "3120" - "3130")	3160
Aggregate insurance premiums accepted under insurance and reinsurance contracts, or aggregate earned insurance premiums for further calculation (if "3140" ≥ "3160", then "3140"; if "3140" < "3160", then "3160")	3100
Intermediate total A: (if "3100" > 3 500 000, then (3 500 000 x 0.18 + ("3100" - 3 500 000) x 0.16); if "3100" < 3 500 000, then "3100" x 0.18)	3200
Aggregate insurance payments net of reinsurer's share in insurance payments accrued for the previous 3 (three) financial years ("3311" + "3312" + "3313")	3310
Aggregate insurance payments net of reinsurer's share in insurance payments accrued at the end of the previous financial year	3311
Aggregate insurance payments net of reinsurer's share in insurance payments accrued at the end of the financial year, for 1 (one) year preceding the previous financial year	3312
Aggregate insurance payments net of reinsurer's share in insurance payments accrued at the end of the financial year, for 2 (two) years preceding the previous financial year	3313
Aggregate insurance payments accrued for the previous 3 (three) financial years ("3321" + "3322" + "3323")	3320
Aggregate insurance payments accrued for the previous financial year	3321
Aggregate insurance payments accrued at the end of the financial year, for 1 (one) year preceding the previous financial year	3322
Aggregate insurance payments accrued at the end of the financial year, for 2 (two) years preceding the previous financial year	3323
Correction coefficient (if "3310" / "3320" > 0.5, then "3310" / "3320"; if "3310" / "3320" ≤ 0.5, then 0.5)	3300
Minimum solvency margin ("premium method") ("3200" x "3300")	3400
Aggregate insurance payments accrued for the previous 3 (three) financial years ("3511" + "3512" + "3513"):	3510
accrued at the end of the previous financial year	3511
accrued at the end of the year, for 1 (one) year preceding the previous financial year	3512
accrued at the end of the year, for 2 (two) years preceding the previous financial year	3513
Amount of reserve for reported but unsettled losses at the end of the previous financial year	3520
Amount of reserve for reported but unsettled losses at the end of the financial year, for 2 (two) years preceding the previous financial year	3530
Aggregate insurance payments for further calculation (1/3 x ("3510" + "3520" - "3530")	3500
Minimum solvency margin ("claims method"): (if "3500" > 2 500 000, then ((2 500 000 x 0.26 + ("3500" - 2 500 000) x 0.23) x "3300"); if "3500" < 2 500 000, then "3500" x 0.26 x "3300"	3600
Minimum solvency margin for the reporting period ("3400" or "3600", the greater value)	3000
Minimum solvency margin
Minimum solvency margin for the reporting period ("1000" + "3000")	4000
Minimum guarantee fund	5000
Calculated minimum solvency margin (4000 + part of the amount of liabilities transferred to reinsurance, calculated in accordance with Table 2 of this Report on Compliance with Prudential Standards by an Insurance (Reinsurance) Organization)	6000
Minimum guarantee fund (5000 + part of the amount of liabilities transferred to reinsurance, calculated in accordance with Table 2 of this Report on Compliance with Prudential Standards by an Insurance (Reinsurance) Organization)	7000
Minimum solvency margin ("6000" or "7000", the greater value)	8000
Calculation of the actual solvency margin for insurance (reinsurance) organizations in the "life insurance" sector
Paid-in authorized capital for the insurance (reinsurance) organization	111
Preferred shares	112
Retained income of previous periods	113
Reserve capital, Contingency reserve and Stabilization reserve	114
Intangible assets, except for software acquired for the core activities of the insurance (reinsurance) organization (at cost less accumulated amortization and not exceeding 10 (ten) percent of the assets of the insurance (reinsurance) organization)	115
Uncovered loss of previous years	116
Uncovered loss of the reporting period	117
Investments in the authorized capital of other legal entities	118
Subordinated loans provided to persons who, in accordance with Article 32 of the Law, are subsidiaries of the insurance (reinsurance) organization or to persons in which the insurance (reinsurance) organization has a significant participation	119
Intermediate total A ("111" - "112" + "113" + "114" - "115" - "116" - "117" - "118" - "119")	100
Subordinated debt with a fixed maturity	201
Subordinated debt without a fixed maturity	202
Preferred shares	203
Intermediate total B ("201" + "202" + "203")	211
Amount included in the calculation of the actual solvency margin: if "211" > 0.5 x ("100" or "400", the lesser value), then 0.5 x ("100" or "400", the lesser value); if "211" ≤ 0.5 x ("100" or "400", the lesser value), then "211"	200
Actual solvency margin ("100" + "200" or "15000", the lesser value)	300
Minimum solvency margin ("8000")	400
Solvency margin adequacy ratio (300/400)	500

Table 5. Calculation of assets of an insurance (reinsurance) organization taking into account their classification by quality and liquidity

(in thousands of tenge)

No.	Name of indicator	Line code	Amount per balance sheet		Amount taken into account		Amount for calculation
1	2	3	4		5		6
1	Money - total ("11111" +... + "11116"), including:	11110			x
1.1	cash on hand in an amount not exceeding 1 (one) percent of the amount of assets of the insurance (reinsurance) organization less reinsurance assets	11111			100%
1.2	money in transit, in second-tier banks of the Republic of Kazakhstan	11112			100%
1.3	money in current accounts in second-tier banks of the Republic of Kazakhstan specified in lines 2.1 and 2.2 of this annex	11113			100%
1.4	money in current accounts in second-tier banks of the Republic of Kazakhstan specified in line 2.3 of this annex	11114			90%
1.5	money of the insurance (reinsurance) organization in accounts with an organization carrying out brokerage and (or) dealer activity in the securities market, held in second-tier banks of the Republic of Kazakhstan and in the central depository	11115			100%
1.6	money of the insurance (reinsurance) organization in accounts with an organization carrying out investment portfolio management activity, held in second-tier banks of the Republic of Kazakhstan	11116			100%
2	Deposits - total ("11121" +... + "11125"), including:	11120			x
2.1	deposits in second-tier banks of the Republic of Kazakhstan provided that these banks are issuers whose shares are included in the "premium" category of the "shares" sector of the "Main" platform of the official list of the stock exchange or are in the representative list of the stock exchange index	11121			100%
2.2	deposits in second-tier banks of the Republic of Kazakhstan meeting one of the following requirements: have a long-term credit rating not lower than "B" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies, or a rating not lower than "kzBB+" on the national scale of Standard & Poor's, or a rating of an equivalent level on the national scale of one of the other rating agencies; are subsidiary banks resident in the Republic of Kazakhstan whose parent banks non-resident in the Republic of Kazakhstan have a long-term credit rating in foreign currency not lower than "A-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies	11122			100%
2.3	deposits in second-tier banks of the Republic of Kazakhstan having a long-term credit rating "B-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies, or a rating from "kzBB" to "kzBB-" on the national scale of Standard & Poor's, or a rating of an equivalent level on the national scale of one of the other rating agencies	11123			90%
2.4	deposits in international financial organizations having a long-term rating not lower than "AA-" of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies, deposits in the Eurasian Development Bank in the national currency of the Republic of Kazakhstan	11124			100%
2.5	deposits in non-resident banks having a long-term rating not lower than "BBB-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies	11125			100%
3	Debt securities - total ("11131" +... + "11145"), including:	11130			x
3.1	government securities of the Republic of Kazakhstan, including those issued in accordance with the legislation of other states, issued by the Ministry of Finance of the Republic of Kazakhstan and the National Bank of the Republic of Kazakhstan	11131			100%
3.2	debt securities issued by local executive bodies of the Republic of Kazakhstan, included in the official list of the stock exchange operating in the territory of the Republic of Kazakhstan	11132			100%
3.3	debt securities issued by a legal entity carrying out the redemption of mortgage loans of individuals not related to entrepreneurial activity, one hundred percent of whose shares belong to the National Bank of the Republic of Kazakhstan	11133			100%
3.4	debt securities issued by joint-stock companies "Bank Razvitiya Kazakhstana", "Fund of National Welfare "Samruk-Kazyna", "National Managing Holding "Baiterek", "Fund of Problem Loans" in accordance with the legislation of the Republic of Kazakhstan and other states	11134			100%
3.5	non-government debt securities of legal entities of the Republic of Kazakhstan issued in accordance with the legislation of the Republic of Kazakhstan and other states, included in the "debt securities" sector of the "Main" platform of the official list of the stock exchange, or non-government debt securities of legal entities of the Republic of Kazakhstan denominated in foreign currency and admitted to public trading on the stock exchange operating in the territory of the International Financial Center "Astana"	11135			90%
3.6	non-government debt securities of legal entities of the Republic of Kazakhstan issued in accordance with the legislation of the Republic of Kazakhstan and other states, included in the "debt securities" sector of the "Alternative" platform of the official list of the stock exchange	11136			60%
3.7	non-government debt securities of legal entities of the Republic of Kazakhstan issued in accordance with the legislation of the Republic of Kazakhstan and other states, having (whose issuer has) a rating not lower than "BB-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies, or a rating not lower than "kzA-" on the national scale of Standard & Poor's, or a rating of an equivalent level on the national scale of one of the other rating agencies	11137			100%
3.8	non-government debt securities of legal entities of the Republic of Kazakhstan issued in accordance with the legislation of the Republic of Kazakhstan and other states, having (whose issuer has) a rating from "B+" to "B-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies, or a rating from "kzBBB+" to "kzBB-" on the national scale of Standard & Poor's, or a rating of an equivalent level on the national scale of one of the other rating agencies	11138			85%
3.9	non-government debt securities issued by international financial organizations having a rating not lower than "AA-" of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies, as well as debt securities issued by the Eurasian Development Bank and denominated in the national currency of the Republic of Kazakhstan	11139			100%
3.10	debt securities of foreign states having a sovereign rating not lower than "BBB-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies	11140			100%
3.11	debt securities of foreign states having a sovereign rating from "BB+" to "BB-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies	11141			90%
3.12	debt securities of foreign states having a sovereign rating from "B+" to "B-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies	11142			80%
3.13	non-government debt securities of foreign issuers having (whose issuer has) a rating not lower than "BBB-" on the international scale of Standard & Poor's agency or a rating of one of the other rating agencies	11143			100%
3.14	non-government debt securities of foreign issuers having (whose issuer has) a rating from "BB+" to "BB-" on the international scale of Standard & Poor's agency or a rating of one of the other rating agencies	11144			85%
3.15	non-government debt securities of foreign issuers having (whose issuer has) a rating from "B+" to "B-" on the international scale of Standard & Poor's agency or a rating of one of the other rating agencies	11145			70%
4	Shares and depositary receipts - total ("11151" +... + "11158"), including:	11150			x
4.1	shares of legal entities of the Republic of Kazakhstan and foreign issuers that are part of the main stock indices, and depositary receipts whose underlying asset is these shares	11151			100%
4.2	shares of legal entities included in the official list of the stock exchange meeting the requirements of the "premium" category of the "shares" sector of the "Main" platform of the official list of the stock exchange and depositary receipts whose underlying asset is these shares	11152			100%
4.3	shares of legal entities - residents of the Republic of Kazakhstan included in the "standard" category of the "shares" sector of the "Main" platform of the official list of the stock exchange, or shares of legal entities - residents of the Republic of Kazakhstan denominated in foreign currency admitted to public trading on the stock exchange operating in the territory of the International Financial Center "Astana", and depositary receipts whose underlying asset is these shares	11153			80%
4.4	shares of legal entities of the Republic of Kazakhstan included in the "shares" sector of the "Alternative" platform of the official list of the stock exchange, and depositary receipts whose underlying asset is these shares	11154			60%
4.5	shares of legal entities of the Republic of Kazakhstan and foreign issuers having a rating not lower than "BBB-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies, and depositary receipts whose underlying asset is these shares	11155			100%
4.6	shares of legal entities of the Republic of Kazakhstan and foreign issuers having a rating from "BB+" to "BB-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies, and depositary receipts whose underlying asset is these shares	11156			80%
4.7	shares of legal entities of the Republic of Kazakhstan and foreign issuers having a rating from "B+" to "B-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies, and depositary receipts whose underlying asset is these shares	11157			60%
4.8	shares of the joint-stock company "Fund of Guaranteeing Insurance Payments"	11158			100%
5	Other securities - total ("11161" +... + "11167"), including:	11160			x
5.1	securities of investment funds included in the official list of the stock exchange	11161			70%
5.2	units of Exchange Traded Funds (ETF) whose asset structure replicates the structure of one of the main stock indices, or whose pricing for units is tied to the main stock indices	11162			90%
5.3	units of Exchange Traded Funds (ETF), Exchange Traded Commodities (ETC), Exchange Traded Notes (ETN) having a rating not lower than "3 stars" of the rating agency Morningstar	11163			80%
5.4	Islamic finance instruments of legal entities of the Republic of Kazakhstan issued in accordance with the legislation of the Republic of Kazakhstan and other states, having (whose issuer has) a rating not lower than "BBB-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies, or a rating not lower than "kzAAA" on the national scale of Standard & Poor's, or a rating of an equivalent level on the national scale of one of the other rating agencies	11164			100%
5.5	Islamic finance instruments of legal entities of the Republic of Kazakhstan issued in accordance with the legislation of the Republic of Kazakhstan and other states, having (whose issuer has) a rating from "BB+" to "BB-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies, or a rating from "kzAA+" to "kzA-" on the national scale of Standard & Poor's, or a rating of an equivalent level on the national scale of one of the other rating agencies	11165			90%
5.6	Islamic finance instruments of legal entities of the Republic of Kazakhstan issued in accordance with the legislation of the Republic of Kazakhstan and other states, having (whose issuer has) a rating from "B+" to "B-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies, or a rating from "kzBBB+" to "kzBB-" on the national scale of Standard & Poor's, or a rating of an equivalent level on the national scale of one of the other rating agencies	11166			80%
5.7	Islamic finance instruments of legal entities of the Republic of Kazakhstan issued in accordance with the legislation of the Republic of Kazakhstan and other states, whose parent organizations have a rating not lower than "BBB-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies	11167			90%
6	Other assets - total ("11171" +... + "11176"), including:	11170			x
6.1	refined precious metals and metal deposits	11171			100%
6.2	loans to policyholders of an insurance (reinsurance) organization carrying out activity in the "life insurance" industry, in the amount of 100 (one hundred) percent of the principal debt	11172			100%
6.3	fixed assets in the form of immovable property in an amount not exceeding 5 (five) percent of the amount of highly liquid assets of the insurance (reinsurance) organization	11173			100%
6.4	software acquired for the purposes of the core activity of the insurance (reinsurance) organization (in the amount of cost taking into account accumulated depreciation and not exceeding 10 (ten) percent of the amount of highly liquid assets of the insurance (reinsurance) organization)	11174			100%
6.5	amounts receivable from reinsurers, insurance premiums receivable from policyholders (reinsureds) and intermediaries in an amount not exceeding 10 (ten) percent of the amount of highly liquid assets of the insurance (reinsurance) organization less reinsurance assets	11175			100%
6.6	claims against issuers of securities for payment of the nominal value of securities arising in connection with the expiry of their circulation period provided for by the securities issue prospectus (not overdue under the terms of the securities issue prospectus)	11176			100%
7	Total assets taking into account their classification by quality and liquidity - A - ("11110" + "11120" + "11130" + "11150" + "11160" + "11170")	12000	x		x
8	Insurance reserves less the reinsurer's share - IR	13000			x
9	Liabilities, except for the amount of insurance reserves	14000
10	Actual solvency margin calculated taking into account the classification of assets by quality and liquidity ("12000" - "13000" - "14000")	15000	x		x
11	Amount of assets less reinsurance assets	16000			x
Calculation of asset diversification standards
Total balance sheet value of investments in securities (taking into account "reverse REPO" transactions), deposits and money in one second-tier bank and affiliates of that bank - (AD1-1), meeting the requirements of subparagraph 1) of paragraph 42 of the Normative Values and Methodology for Calculating Prudential Standards of an Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Norms and Limits - not more than 20 (twenty) percent of the amount of assets calculated in accordance with paragraph 34 of the Normative Values and Methodology for Calculating Prudential Standards of an Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Norms and Limits
No.	Name of issuer	Category/ rating of issuer		Amount per balance sheet		Percent of the amount of assets
1	2	3		4		5
1.	Second-tier bank
1.1.	name of the second-tier bank
1.1.1.	shares
1.1.2.	debt securities
1.1.3.	deposits in the bank
1.1.4.	money in the bank
1.1.5.	"reverse REPO" transactions
2.	Affiliates of the bank
2.1.	name of the affiliate of the bank
2.1.1.	shares
2.1.2	debt securities
2.1.3.	deposits
2.1.4.	money
2.1.5.	"reverse REPO" transactions
...	………….
n.	………….
	Total (sum of lines 1 - n)
Total balance sheet value of investments in securities (taking into account "reverse REPO" transactions), deposits and money in one second-tier bank and affiliates of that bank (AD1-2), meeting the requirements of subparagraph 2) of paragraph 42 of the Normative Values and Methodology for Calculating Prudential Standards of an Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Norms and Limits - not more than 15 (fifteen) percent of the amount of assets calculated in accordance with paragraph 34 of the Normative Values and Methodology for Calculating Prudential Standards of an Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Norms and Limits
No.	Name of issuer	Category/ rating of issuer		Amount per balance sheet		Percent of the amount of assets
1	2	3		4		5
1	Second-tier bank
1.1	name of the second-tier bank
1.1.1	shares
1.1.2	debt securities
1.1.3	deposits in the bank
1.1.4	money in the bank
1.1.5	"reverse REPO" transactions
2	Affiliates of the bank
2.1	name of the affiliate of the bank
2.1.1	shares
2.1.2	debt securities
2.1.3	deposits
2.1.4	money
2.1.5	"reverse REPO" transactions
...	………….
n.	………….
	Total (sum of lines 1 - n)
Total balance sheet value of investments in securities (taking into account "reverse REPO" transactions), deposits and money in one second-tier bank and affiliates of that bank - (AD1-3), meeting the requirements of subparagraph 3) of paragraph 42 of the Normative Values and Methodology for Calculating Prudential Standards of an Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Norms and Limits - not more than 10 (ten) percent of the amount of assets calculated in accordance with paragraph 34 of the Normative Values and Methodology for Calculating Prudential Standards of an Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Norms and Limits
No.	Name of issuer	Category/ rating of issuer		Amount per balance sheet		Percent of the amount of assets
1	2	3		4		5
1	Second-tier bank
1.1	name of the second-tier bank
1.1.1	shares
1.1.2	debt securities
1.1.3	deposits in the bank
1.1.4	money in the bank
1.1.5	"reverse REPO" transactions
2	Affiliates of the bank
2.1	name of the affiliate of the bank
2.1.1	shares
2.1.2	debt securities
2.1.3	deposits
2.1.4	money
2.1.5	"reverse REPO" transactions
...	………….
n	………….
	Total (sum of lines 1 - n)
Total balance sheet value of investments in securities (taking into account "reverse REPO" transactions) and money in one legal entity that is not a second-tier bank and affiliates of that legal entity (AD2) - not more than 10 (ten) percent of the amount of assets calculated in accordance with paragraph 34 of the Normative Values and Methodology for Calculating Prudential Standards of an Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Norms and Limits
No.	Name of issuer	Category of issuer		Amount per balance sheet		Percent of the amount of assets
1	2	3		4		5
1	Legal entity
1	Name of the legal entity
1.1	shares
1.2	debt securities
1.3	"reverse REPO" transactions
1.4	money
2	Name of the affiliate
2.1	shares
2.2	debt securities
2.3	"reverse REPO" transactions
2.4	money
…	…………….
n	…………….
	Total (sum of lines 1 - n)
"Reverse REPO" transactions carried out with the participation of assets of the insurance (reinsurance) organization are concluded for a term of not more than 30 (thirty) calendar days (in the trading system of the stock exchange) (AD3) - not more than 30 (thirty) percent of the amount of assets calculated in accordance with paragraph 34 of the Normative Values and Methodology for Calculating Prudential Standards of an Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Norms and Limits
No.	Content of the transaction	Term of the REPO transaction (in days)		Amount per balance sheet		Percent of the amount of assets
1	"Reverse REPO" transactions
1.1
1.2
n	Total (sum of lines 1 - n)
No.	Name of indicator	Amount per balance sheet			Percent of the amount of assets
1	Total placement in refined precious metals and metal deposits for a term of not more than 12 (twelve) months (AD4) - not more than 10 (ten) percent of the amount of assets calculated in accordance with paragraph 34 of the Normative Values and Methodology for Calculating Prudential Standards of an Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Norms and Limits

2	Total amount of loans to policyholders of an insurance (reinsurance) organization carrying out activities in the "life insurance" sector - (ND5) not more than 10 (ten) percent of the total assets calculated in accordance with paragraph 34 of the Normative Values and Methodology for Calculating Prudential Standards of an Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Norms and Limits
3	Total book value of investments in securities (including reverse REPO transactions) having the status of government securities issued by the central government of a foreign state (ND6) - not more than 10 (ten) percent of the total assets calculated in accordance with paragraph 34 of the Normative Values and Methodology for Calculating Prudential Standards of an Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Norms and Limits
4	Total book value of investments in securities (including reverse REPO transactions) of an international financial organization included in the list determined by paragraph 39 of the Normative Values and Methodology for Calculating Prudential Standards of an Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Norms and Limits established by this resolution (ND7) - not more than 10 (ten) percent of the total assets calculated in accordance with paragraph 34 of the Normative Values and Methodology for Calculating Prudential Standards of an Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Norms and Limits
5	Total book value of investments in units meeting the requirements of subparagraphs 23) and 24) of paragraph 38 of the Normative Values and Methodology for Calculating Prudential Standards of an Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Norms and Limits (ND8) - not more than 10 (ten) percent of the total assets calculated in accordance with paragraph 34 of the Normative Values and Methodology for Calculating Prudential Standards of an Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Norms and Limits
6	Total book value of investments in units of open and interval mutual investment funds (ND8-1) - not more than 5 (five) percent of the total assets calculated in accordance with paragraph 34 of the Normative Values and Methodology for Calculating Prudential Standards of an Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Norms and Limits
7	Total book value of investments in debt securities issued by local executive bodies of the Republic of Kazakhstan (ND9) - not more than 10 (ten) percent of the total assets calculated in accordance with paragraph 34 of the Normative Values and Methodology for Calculating Prudential Standards of an Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Norms and Limits
8	Total book value of investments in Islamic financing instruments meeting the requirements of subparagraphs 25) and 26) of paragraph 38 of the Normative Values and Methodology for Calculating Prudential Standards of an Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Norms and Limits (ND10) - not more than 10 (ten) percent of the total assets calculated in accordance with paragraph 34 of the Normative Values and Methodology for Calculating Prudential Standards of an Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Norms and Limits

Table 6. Calculation of the high-liquid assets adequacy ratio of an insurance (reinsurance) organization

(in thousands of tenge)

No.	Name of indicator	Amount per balance sheet	Amount taken into account	Amount for calculation
1	2	3	4	5
1	Cash - total, including:		x
1.1	cash on hand in an amount not exceeding 1 (one) percent of the total assets of the insurance (reinsurance) organization minus reinsurance assets		100%
1.2	cash of the insurance (reinsurance) organization in accounts with an organization carrying out brokerage and (or) dealer activity in the securities market, held in second-tier banks of the Republic of Kazakhstan and in the central depository		100%
1.3	cash in current accounts in second-tier banks of the Republic of Kazakhstan specified in lines 2.1 and 2.2 of this appendix		100%
1.4	cash in current accounts in second-tier banks of the Republic of Kazakhstan specified in line 2.3 of this appendix		90%
1.5	cash of the insurance (reinsurance) organization in accounts with an organization carrying out investment portfolio management activity, held in second-tier banks of the Republic of Kazakhstan		100%
2	Deposits - total, including:		x
2.1	deposits in second-tier banks of the Republic of Kazakhstan provided that these banks are issuers whose shares are included in the "premium" category of the "shares" sector of the "Main" platform of the official list of the stock exchange or are in the representative list of the stock exchange index		100%
2.2	deposits in second-tier banks of the Republic of Kazakhstan meeting one of the following requirements: have a long-term credit rating not lower than "B" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies, or a rating not lower than "kzBB+" on the national scale of Standard & Poor's, or a rating of an equivalent level on the national scale of one of the other rating agencies; are subsidiary banks resident in the Republic of Kazakhstan whose parent banks non-resident in the Republic of Kazakhstan have a long-term credit rating in foreign currency not lower than "A-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies		100%
2.3	deposits in second-tier banks of the Republic of Kazakhstan having a long-term credit rating "B-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies, or a rating from "kzBB" to "kzBB-" on the national scale of Standard & Poor's, or a rating of an equivalent level on the national scale of one of the other rating agencies		90%
2.4	deposits in international financial organizations having a long-term rating not lower than "AA-" of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies, deposits in the Eurasian Development Bank in the national currency of the Republic of Kazakhstan		100%
2.5	deposits in non-resident banks having a long-term rating not lower than "BBB-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies		100%
3	Debt securities - total, including:		x
3.1	government securities of the Republic of Kazakhstan, including those issued in accordance with the legislation of other states, issued by the Ministry of Finance of the Republic of Kazakhstan and the National Bank of the Republic of Kazakhstan		100%
3.2	debt securities issued by local executive bodies of the Republic of Kazakhstan included in the official list of the stock exchange operating in the territory of the Republic of Kazakhstan		100%
3.3	debt securities issued by a legal entity carrying out the redemption of mortgage loans of individuals not related to entrepreneurial activity, one hundred percent of whose shares belong to the National Bank of the Republic of Kazakhstan		100%
3.4	debt securities issued by joint-stock companies "Development Bank of Kazakhstan", "National Welfare Fund "Samruk-Kazyna", "National Managing Holding "Baiterek", "Problem Loans Fund" in accordance with the legislation of the Republic of Kazakhstan and other states		100%
3.5	non-government debt securities of legal entities of the Republic of Kazakhstan issued in accordance with the legislation of the Republic of Kazakhstan and other states, included in the "debt securities" sector of the "Main" platform of the official list of the stock exchange, or non-government debt securities of legal entities of the Republic of Kazakhstan denominated in foreign currency and admitted to public trading on the stock exchange operating in the territory of the Astana International Financial Centre		90%
3.6	non-government debt securities of legal entities of the Republic of Kazakhstan issued in accordance with the legislation of the Republic of Kazakhstan and other states, included in the "debt securities" sector of the "Alternative" platform of the official list of the stock exchange		60%
3.7	non-government debt securities of legal entities of the Republic of Kazakhstan issued in accordance with the legislation of the Republic of Kazakhstan and other states, having (whose issuer has) a rating not lower than "BB-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies, or a rating not lower than "kzA-" on the national scale of Standard & Poor's, or a rating of an equivalent level on the national scale of one of the other rating agencies		100%
3.8	non-government debt securities of legal entities of the Republic of Kazakhstan issued in accordance with the legislation of the Republic of Kazakhstan and other states, having (whose issuer has) a rating from "B+" to "B-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies, or a rating from "kzBBB+" to "kzBB-" on the national scale of Standard & Poor's, or a rating of an equivalent level on the national scale of one of the other rating agencies		85%
3.9	non-government debt securities issued by international financial organizations having a rating not lower than "AA-" of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies, as well as debt securities issued by the Eurasian Development Bank and denominated in the national currency of the Republic of Kazakhstan		100%
3.10	debt securities of foreign states having a sovereign rating not lower than "BBB-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies		100%
3.11	debt securities of foreign states having a sovereign rating from "BB+" to "BB-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies		90%
3.12	debt securities of foreign states having a sovereign rating from "B+" to "B-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies		80%
3.13	non-government debt securities of foreign issuers having (whose issuer has) a rating not lower than "BBB-" on the international scale of Standard & Poor's agency or a rating of one of the other rating agencies		100%
3.14	non-government debt securities of foreign issuers having (whose issuer has) a rating from "BB+" to "BB-" on the international scale of Standard & Poor's agency or a rating of one of the other rating agencies		85%
3.15	non-government debt securities of foreign issuers having (whose issuer has) a rating from "B+" to "B-" on the international scale of Standard & Poor's agency or a rating of one of the other rating agencies		70%
4	Shares and depositary receipts - total, including:		x
4.1	shares of legal entities of the Republic of Kazakhstan and foreign issuers that are part of the main stock indices, and depositary receipts whose underlying asset is these shares		100%
4.2	shares of legal entities included in the official list of the stock exchange meeting the requirements of the "premium" category of the "shares" sector of the "Main" platform of the official list of the stock exchange, and depositary receipts whose underlying asset is these shares		100%
4.3	shares of legal entities - residents of the Republic of Kazakhstan included in the "standard" category of the "shares" sector of the "Main" platform of the official list of the stock exchange, or shares of legal entities - residents of the Republic of Kazakhstan denominated in foreign currency admitted to public trading on the stock exchange operating in the territory of the Astana International Financial Centre, and depositary receipts whose underlying asset is these shares		80%
4.4	shares of legal entities of the Republic of Kazakhstan included in the "shares" sector of the "Alternative" platform of the official list of the stock exchange, and depositary receipts whose underlying asset is these shares		60%
4.5	shares of legal entities of the Republic of Kazakhstan and foreign issuers having a rating not lower than "BBB-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies, and depositary receipts whose underlying asset is these shares		100%
4.6	shares of legal entities of the Republic of Kazakhstan and foreign issuers having a rating from "BB+" to "BB-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies, and depositary receipts whose underlying asset is these shares		80%
4.7	shares of legal entities of the Republic of Kazakhstan and foreign issuers having a rating from "B+" to "B-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies, and depositary receipts whose underlying asset is these shares		60%
5	Other securities - total, including:		x
5.1	securities of investment funds included in the official list of the stock exchange		70%
5.2	units of Exchange Traded Funds (ETF) whose asset structure replicates the structure of one of the main stock indices, or whose pricing for units is tied to the main stock indices		90%
5.3	units of Exchange Traded Funds (ETF), Exchange Traded Commodities (ETC), Exchange Traded Notes (ETN) having a rating not lower than "3 stars" of the rating agency Morningstar		80%
5.4	Islamic financing instruments of legal entities of the Republic of Kazakhstan issued in accordance with the legislation of the Republic of Kazakhstan and other states, having a rating not lower than "BBB-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies, or a rating not lower than "kzAAA" on the national scale of Standard & Poor's, or a rating of an equivalent level on the national scale of one of the other rating agencies		100%
5.5	Islamic financing instruments of legal entities of the Republic of Kazakhstan issued in accordance with the legislation of the Republic of Kazakhstan and other states, having a rating from "BB+" to "BB-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies, or a rating from "kzAA+" to "kzA-" on the national scale of Standard & Poor's, or a rating of an equivalent level on the national scale of one of the other rating agencies		90%
5.6	Islamic financing instruments of legal entities of the Republic of Kazakhstan issued in accordance with the legislation of the Republic of Kazakhstan and other states, having a rating from "B+" to "B-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies, or a rating from "kzBBB+" to "kzBB-" on the national scale of Standard & Poor's, or a rating of an equivalent level on the national scale of one of the other rating agencies		80%
5.7	Islamic financing instruments of legal entities of the Republic of Kazakhstan issued in accordance with the legislation of the Republic of Kazakhstan and other states, whose parent organizations have a rating not lower than "BBB-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies		90%
6	Other assets - total, including:		x
6.1	refined precious metals and metal deposits		100%
6.2	claims against issuers of securities for payment of the nominal value of securities arising in connection with the expiration of their circulation period provided for by the securities issue prospectus (not overdue under the terms of the securities issue prospectus)		100%
7	Total high-liquid assets - HLA
8	Liabilities under REPO transactions
9	Insurance reserves minus the reinsurer's share - IR
10	High-liquid assets adequacy ratio

Name ______	Address ______
Telephone ______
Email address ______

Executor______ ______

last name, first name and patronymic (if any) signature, telephone

Chief accountant or person authorized to sign the report

---

last name, first name and patronymic (if any) signature, telephone

First manager or person authorized by him to sign the report

---

last name, first name and patronymic (if any) signature, telephone

Date "____" ______ 20__ year

Appendix

to the form of the report on compliance with

prudential standards by an insurance

(reinsurance) organization

Explanation on completion of the administrative data form

Report on compliance with prudential standards by an insurance (reinsurance) organization

(index - 1-PN_M, frequency - monthly)

Chapter 1. General provisions

1. This explanation defines uniform requirements for completing the form intended for collecting administrative data "Report on compliance with prudential standards by an insurance (reinsurance) organization" (hereinafter - the Form).

2. The Form is developed in accordance with paragraph 10 of Article 46 of the Law of the Republic of Kazakhstan dated 18 December 2000 "On Insurance Activity".

3. The Form is compiled by an insurance (reinsurance) organization monthly and is filled out as of the end of the reporting period.

4. The unit of measurement used when filling out the Form is established in thousands of tenge and in percent (to the second decimal place). An amount less than 500 (five hundred) tenge is rounded to 0 (zero), and an amount equal to 500 (five hundred) tenge and above is rounded to 1,000 (one thousand) tenge.

5. The Form is signed by the first manager, chief accountant or persons replacing them, and the executor.

Chapter 2. Explanation on completing the report on compliance with prudential standards by an insurance (reinsurance) organization

6. For Table 1:

1) line 1 indicates the value of the solvency margin adequacy ratio;

2) lines 1.1, 1.2, 1.3, 1.4, 1.5, 1.6, 1.7 and 1.8 indicate the values for calculating the solvency margin adequacy ratio;

3) line 15 indicates information on compliance with the high-liquid assets adequacy ratio ("yes" or "no"). The high-liquid assets adequacy ratio is not less than 1 (one). In case of non-compliance by the insurance (reinsurance) organization with the high-liquid assets adequacy ratio, the value of the ratio is set to "no".

7. When increasing the minimum size of the solvency margin by the amount of obligations transferred (being transferred) to reinsurance under existing reinsurance contracts, when filling out Table 2, the minimum rating from the available ratings on the international or national scale of the rating agencies Standard & Poor's, Moody's Investors Service, Fitch and A.M. Best, as well as their subsidiary rating organizations, is used.

8. For Table 3:

1) line 1000 indicates the calculated value of the minimum size of the solvency margin by the "premium method";

2) line 2110 indicates the amount of insurance payments accrued for the previous 3 (three) financial years, according to the values of lines 2111, 2112 and 2113;

3) lines 2210, 2310, 2320 indicate the amount of the reserve for reported but unsettled losses;

4) line 2000 indicates the calculated value of the minimum size of the solvency margin by the "payment method";

5) line 3000 indicates the largest value of the values specified in lines 1000 and 2000;

6) line 9000 indicates the minimum size of the solvency margin for the reporting period;

7) line 500 indicates the value of the solvency margin adequacy ratio equal to the ratio of the actual solvency margin to the minimum size of the solvency margin (line 300/line 400).

9. For Table 4:

1) line 1000 indicates the calculated value of the minimum size of the solvency margin for the classes "life insurance" and "annuity insurance";

2) line 3000 indicates the calculated value of the minimum size of the solvency margin for these insurance classes;

3) line 8000 indicates the minimum size of the solvency margin;

4) line 500 indicates the value of the solvency margin adequacy ratio equal to the ratio of the actual solvency margin to the minimum size of the solvency margin (line 300/line 400).

10. For Table 5:

1) if a financial instrument meets two or more criteria established in Table 5, the category of the financial instrument is established by the insurance (reinsurance) organization independently;

2) column 4 indicates the book value as of the end of the last calendar day of the reporting period;

3) line 12000 indicates the amount of assets taking into account their classification by quality and liquidity of the insurance (reinsurance) organization, calculated in accordance with paragraph 30 of the Normative Values and Methodology for Calculating Prudential Standards of an Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Norms and Limits;

4) line 13000 indicates the amount of insurance reserves of the insurance (reinsurance) organization minus the reinsurer's share;

5) line 15000 indicates the actual solvency margin calculated taking into account the classification of assets by quality and liquidity, corresponding to the requirements of paragraph 33 of the Normative Values and Methodology for Calculating Prudential Standards of an Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Norms and Limits.

11. For Table 6:

1) if a financial instrument meets two or more criteria established in Table 6, the category of the financial instrument is established by the insurance (reinsurance) organization independently;

2) column 3 indicates the book value as of the end of the last calendar day of the reporting period;

3) line 9 states the amount of insurance reserves of the insurance (reinsurance) organization less the reinsurer's share;

4) line 10 states the high-liquidity asset adequacy ratio equal to the ratio of high-liquidity assets of the insurance (reinsurance) organization (less liabilities under REPO transactions) to insurance reserves less the reinsurer's share.

Annex 3

to the Resolution of the Board

of the National Bank

of the Republic of Kazakhstan

dated "28" November 2019 No. 223

Form

Form intended for the collection of administrative data

Submitted to: the National Bank of the Republic of Kazakhstan

The form of administrative data is posted on the internet resource: www.nationalbank.kz

Report on the calculation of the contingency risk reserve

by an insurance (reinsurance) organization

Index of the form of administrative data: 2-RNR-Q

Frequency: quarterly

Reporting period: as of "____" ______ 20 ___ year

Circle of persons submitting: insurance (reinsurance) organization

Form

Table "Calculation of the contingency risk reserve by an insurance (reinsurance) organization"

(in thousands of tenge)

No.	Class of insurance	Share of net insurance premiums	Net insurance payments (B)	Amount of the insurer's expenses for settling insurance losses (R)
1	2	3	4	5
1	Compulsory insurance
1.1	civil liability of owners of motor vehicles
1.2	civil liability of the carrier to passengers
1.3	insurance in crop production
1.4	insurance of civil liability of private notaries
1.5	environmental insurance
1.6	civil liability of audit organizations
1.7	tourist insurance
1.8	civil liability of owners of objects whose activity is associated with the danger of causing harm to third parties
1.9	insurance of an employee against accidents in the performance of his labor (official) duties
1.10	other types (classes) of insurance
2	Voluntary personal insurance
2.1	life insurance
2.2	annuity insurance, including:
2.2.1	pension annuity contracts concluded in accordance with the [Law](jl:31408637.0.1003546588_0" \o "Law of the Republic of Kazakhstan dated 21 June 2013 No. 105-V "On Pension Provision in the Republic of Kazakhstan" (with amendments and additions as of 24.04.2019)) of the Republic of Kazakhstan dated 21 June 2013 "On Pension Provision in the Republic of Kazakhstan"
2.2.2	annuity contracts concluded in accordance with the [Law](jl:1052939.0.1000311654_0" \o "Law of the Republic of Kazakhstan dated 7 February 2005 No. 30-III "On Compulsory Insurance of an Employee against Accidents in the Performance of His Labor (Official) Duties" (with amendments and additions as of 02.07.2018)) of the Republic of Kazakhstan dated 7 February 2005 "On Compulsory Insurance of an Employee against Accidents in the Performance of His Labor (Official) Duties"
2.2.3	other types of annuity insurance
2.3	accident insurance
2.4	sickness insurance, including:
2.4.1	those traveling abroad
2.5	other types (classes) of insurance
3	Voluntary property insurance
3.1	insurance of motor transport
3.2	insurance of railway transport
3.3	insurance of air transport
3.4	insurance of water transport
3.5	insurance of space objects
3.6	cargo insurance
3.7	property insurance, except for items 3.1-3.6
3.8	insurance of civil liability of owners of motor transport
3.9	insurance of civil liability of owners of air transport
3.10	insurance of civil liability of owners of water transport
3.11	insurance of civil liability of owners of space objects
3.12	professional liability insurance
3.13	civil liability insurance, except for the classes specified in items 3.8-3.12
3.14	loan insurance
3.15	mortgage insurance
3.16	insurance of guarantees and sureties
3.17	insurance against other financial losses
3.18	insurance of losses of financial organizations, except for the classes specified in items 3.14-3.17
3.19	title insurance
3.20	legal expenses insurance
3.21	other types (classes) of insurance
4	Total

continuation of the table

Net written insurance premiums (NP)	Change in the unearned premium reserve excluding the reinsurer's share (UPR)	Change in loss reserves excluding the reinsurer's share (LR)	Contingency risk reserve (CRR)
6	7	8	9

Name ______	Address ______
Telephone ______
Email address ______

Executor______ ______

surname, name and patronymic (if any) signature, telephone

Chief accountant or person authorized to sign the report

---

surname, name and patronymic (if any) signature, telephone

First executive or person authorized by him to sign the report

---

surname, name and patronymic (if any) signature, telephone

Date "____" ______ 20__ year

Annex

to the form of the report on the calculation of the contingency risk reserve by an insurance (reinsurance) organization

Explanation on filling out the form of administrative data

Report on the calculation of the contingency risk reserve

by an insurance (reinsurance) organization

(index – 2-RNR-Q, frequency – quarterly)

Chapter 1. General provisions

1. This explanation defines uniform requirements for filling out the form intended for the collection of administrative data "Report on the calculation of the contingency risk reserve by an insurance (reinsurance) organization" (hereinafter - the Form).

2. The Form has been developed in accordance with paragraph 10 of Article 46 of the Law of the Republic of Kazakhstan dated 18 December 2000 "On Insurance Activity".

3. The Form is filled out by the insurance (reinsurance) organization quarterly. The unit of measurement used when filling out the Form is established in thousands of tenge and in percent (to the second decimal place). A sum of less than 500 (five hundred) tenge is rounded to 0 (zero), and a sum equal to 500 (five hundred) tenge and above is rounded to 1,000 (one thousand) tenge.

4. The Form is signed by the first executive, the chief accountant or persons replacing them, and the executor.

Chapter 2. Explanation on filling out the report on the calculation of the contingency risk reserve by an insurance (reinsurance) organization

5. The Form is filled out for each class of insurance.

6. Column 3 states the share of net insurance premiums under effective insurance contracts for the class of insurance in the total volume of net insurance premiums under effective insurance contracts as of the reporting date.

7. Columns 4, 5, 6, 7, 8 state data for the last 12 (twelve) months preceding the reporting date.

Annex 4

to the Resolution of the Board

of the National Bank

of the Republic of Kazakhstan

dated "28" November 2019 No. 223

Form

Form intended for the collection of administrative data

Submitted to: the National Bank of the Republic of Kazakhstan

The form of administrative data is posted on the internet resource: www.nationalbank.kz

Report on the calculation of the stabilization reserve

by an insurance (reinsurance) organization

Index of the form of administrative data: 3-SR-Y

Frequency: annual

Reporting period: as of "____" ______ 20 ___ year

Circle of persons submitting: insurance (reinsurance) organization

Form

Table "Calculation of the stabilization reserve by an insurance (reinsurance) organization"

(in thousands of tenge)

No.	Class of insurance	K (1)	K (2)	K (3)	K (i)	K (M)	K̄	Sk	NEP	SR1 (stabilization reserve for the previous financial year)	(K - K̄)	Stabilization reserve as of the reporting date
1	2	3	4	5	6	7	8	9	10	11	12	13
1	Compulsory insurance
1.1	civil liability of owners of motor vehicles
1.2	civil liability of the carrier to passengers
1.3	insurance in crop production
1.4	insurance of civil liability of private notaries
1.5	environmental insurance
1.6	civil liability of audit organizations
1.7	tourist insurance
1.8	civil liability of owners of objects whose activity is associated with the danger of causing harm to third parties
1.9	insurance of an employee against accidents in the performance of his labor (official) duties
1.10	other types (classes) of insurance
2	Voluntary personal insurance	x	x	x	x	x	x	x	x	x	x	x
2.1	life insurance	x	x	x	x	x	x	x	x	x	x	x
2.2	annuity insurance, including	x	x	x	x	x	x	x	x	x	x	x
2.2.1	pension annuity contracts concluded in accordance with the Law of the Republic of Kazakhstan dated 21 June 2013 "On Pension Provision in the Republic of Kazakhstan"	x	x	x	x	x	x	x	x	x	x	x
2.2.2	annuity contracts concluded in accordance with the Law of the Republic of Kazakhstan dated 7 February 2005 "On Compulsory Insurance of an Employee against Accidents in the Performance of His Labor (Official) Duties"	x	x	x	x	x	x	x	x	x	x	x
2.2.3	other types of annuity insurance	x	x	x	x	x	x	x	x	x	x	x
2.3	accident insurance	x	x	x	x	x	x	x	x	x	x	x
2.4	sickness insurance, including:	x	x	x	x	x	x	x	x	x	x	x
2.4.1	those traveling abroad	x	x	x	x	x	x	x	x	x	x	x
2.5	other types (classes) of insurance	x	x	x	x	x	x	x	x	x	x	x
3	Voluntary property insurance
3.1	insurance of motor transport
3.2	insurance of railway transport
3.3	insurance of air transport
3.4	insurance of water transport
3.5	insurance of space objects
3.6	cargo insurance
3.7	property insurance, except for items 3.1-3.6
3.8	insurance of civil liability of owners of motor transport
3.9	insurance of civil liability of owners of air transport
3.10	insurance of civil liability of owners of water transport
3.11	insurance of civil liability of owners of space objects
3.12	professional liability insurance
3.13	civil liability insurance, except for the classes specified in items 3.8-3.12
3.14	loan insurance
3.15	mortgage insurance
3.16	insurance of guarantees and sureties
3.17	insurance against other financial losses
3.18	insurance of losses of financial organizations, except for the classes specified in items 3.14-3.17
3.19	title insurance
3.20	legal expenses insurance
3.21	other types (classes) of insurance
4	Total

Name ______	Address ______
Telephone ______
Email address ______

Executor______ ______

surname, name and patronymic (if any) signature, telephone

Chief accountant or person authorized to sign the report

---

surname, name and patronymic (if any) signature, telephone

First executive or person authorized by him to sign the report

---

surname, name and patronymic (if any) signature, telephone

Date "____" ______ 20__ year

Annex

to the form of the report on the calculation of the stabilization reserve by an insurance (reinsurance) organization

Explanation on filling out the form of administrative data

Report on the calculation of the stabilization reserve

by an insurance (reinsurance) organization

(index – 3-SR-Y, frequency – annual)

Chapter 1. General provisions

1. This explanation defines uniform requirements for filling out the form intended for the collection of administrative data "Report on the calculation of the stabilization reserve by an insurance (reinsurance) organization" (hereinafter - the Form).

2. The Form has been developed in accordance with paragraph 10 of Article 46 of the Law of the Republic of Kazakhstan dated 18 December 2000 "On Insurance Activity".

3. The Form is filled out by the insurance (reinsurance) organization annually. Data in the Form are filled out in thousands of tenge. A sum of less than 500 (five hundred) tenge is rounded to 0 (zero), and a sum equal to 500 (five hundred) tenge and above is rounded to 1,000 (one thousand) tenge.

4. The Form is signed by the first executive, the chief accountant or persons replacing them, and the executor.

Chapter 2. Explanation on filling out the report on the calculation of the stabilization reserve by an insurance (reinsurance) organization

5. The Form is filled out for each class of insurance, except for the classes "accident insurance", "sickness insurance", "compulsory tourist insurance", "life insurance", "annuity insurance".

6. Columns 3, 4, 5, 6 and 7 state the values of the loss ratio for the reporting period excluding the reinsurer's share, for the i-th financial year.

7. Column 8 states the average value of the loss ratio for the reporting period excluding the reinsurer's share.

8. Column 9 states the standard deviation of the loss ratio for the reporting period excluding the reinsurer's share.

9. Column 10 states the amount of net earned insurance premiums for the last financial year.

10. Column 11 states the stabilization reserve as of the previous reporting date.

11. Column 12 states the loss ratio for the reporting period excluding the reinsurer's share, reduced by the average value of the loss ratio for the reporting period excluding the reinsurer's share.

Annex 5

to the Resolution of the Board

of the National Bank

of the Republic of Kazakhstan

dated "28" November 2019 No. 223

Form

Form intended for the collection of administrative data

Submitted to: the National Bank of the Republic of Kazakhstan

The form of administrative data is posted on the internet resource: www.nationalbank.kz

Report on compliance with the solvency margin adequacy ratio of the insurance group

Index of the form of administrative data: 4-RMIG

Frequency: quarterly

Reporting period: as of "____" ______ 20 ___ year

Circle of persons submitting: parent organization of the insurance group

Form

Table "Compliance with the solvency margin adequacy ratio of the insurance group"

(in thousands of tenge)

No.	Names of participants of the insurance group	Amount
1	2	3
1	Actual solvency margin of the insurance group (1.1 + 1.2 + 1.3 + … + 1.n)
1.1	parent organization of the insurance group
1.2	participant of the insurance group
1.3	participant of the insurance group
…
1.n	participant of the insurance group
2	Investments
3	Actual solvency margin of the insurance group less investments (1-2)
4	Minimum amount of the solvency margin of the insurance group (4.1 + 4.2 + 4.3 + … + 4.n)
4.1	parent organization of the insurance group
4.2	participant of the insurance group
4.3	participant of the insurance group
…
4.n	participant of the insurance group
5	Solvency margin adequacy ratio of the insurance group (3 / 4)

Name ______	Address ______
Telephone ______
Email address ______

Executor______ ______

surname, name and patronymic (if any) signature, telephone

Chief accountant or person authorized to sign the report

---

surname, name and patronymic (if any) signature, telephone

First executive or person authorized by him to sign the report

---

surname, name and patronymic (if any) signature, telephone

Date "____" ______ 20__ year

Annex

to the form of the report on compliance with the solvency margin adequacy ratio of the insurance group

Explanation on filling out the form of administrative data

Report on compliance with the solvency margin adequacy ratio of the insurance group

(index – 4-RMIG, frequency – quarterly)

Chapter 1. General provisions

1. This explanation defines uniform requirements for filling out the form intended for the collection of administrative data "Report on compliance with the solvency margin adequacy ratio of the insurance group" (hereinafter - the Form).

2. The Form has been developed in accordance with paragraph 10 of Article 46 of the Law of the Republic of Kazakhstan dated 18 December 2000 "On Insurance Activity".

3. The Form is filled out by the parent organization of the insurance group quarterly. Data in the Form are filled out in thousands of tenge. A sum of less than 500 (five hundred) tenge is rounded to 0 (zero), and a sum equal to 500 (five hundred) tenge and above is rounded to 1,000 (one thousand) tenge.

4. The Form is signed by the first executive, the chief accountant or persons replacing them, and the executor.

Chapter 2. Explanation on filling out the report on compliance with the solvency margin adequacy ratio of the insurance group

5. The Form is filled out quarterly.

6. The Form is filled out in accordance with the requirements of [paragraphs 59, 60, 61, 62, 63, 64 and 65](jl:39366641.5900.1005563850_0" \o "Resolution of the Board of the National Bank of the Republic of Kazakhstan dated 26 December 2016 No. 304 "On Establishing the Standard Values and Methodology for Calculating the Prudential Standards of an Insurance (Reinsurance) Organization and an Insurance Group and Other Mandatory Norms and Limits, the List, Forms, Deadlines for Submission of Reports on Compliance with Prudential Standards by Insurance (Reinsurance) Organizations and Insurance Groups, the Rules for Submission of Reports on Compliance with Prudential Standards by Insurance (Reinsurance) Organizations and Insurance Groups, Requirements for Shares (Stakes in the Authorized Capital) of Legal Entities Acquired by Insurance (Reinsurance) Organizations, Subsidiary Organizations of Insurance (Reinsurance) Organizations or Insurance Holdings, the List of Bonds of International Financial Organizations Acquired by Insurance Holdings, the Minimum Required Rating for Bonds Acquired by Insurance Holdings, and the List of Rating Agencies, as well as the List of Financial Instruments (Except for Shares and Stakes in the Authorized Capital) Acquired by Insurance (Reinsurance) Organizations" (with amendments and additions as of 31.01.2019)) of the Standard Values and Methodology for Calculating the Prudential Standards of an Insurance (Reinsurance) Organization and an Insurance Group and Other Mandatory Norms and Limits established by Resolution of the Board of the National Bank of the Republic of Kazakhstan dated 26 December 2016 No. 304 "On Establishing the Standard Values and Methodology for Calculating the Prudential Standards of an Insurance (Reinsurance) Organization and an Insurance Group and Other Mandatory Norms and Limits, the List, Forms, Deadlines for Submission of Reports on Compliance with Prudential Standards by Insurance (Reinsurance) Organizations and Insurance Groups, the Rules for Submission of Reports on Compliance with Prudential Standards by Insurance (Reinsurance) Organizations and Insurance Groups, Requirements for Shares (Stakes in the Authorized Capital) of Legal Entities Acquired by Insurance (Reinsurance) Organizations, Subsidiary Organizations of Insurance (Reinsurance) Organizations or Insurance Holdings, the List of Bonds of International Financial Organizations Acquired by Insurance Holdings, the Minimum Required Rating for Bonds Acquired by Insurance Holdings, and the List of Rating Agencies, as well as the List of Financial Instruments (Except for Shares and Stakes in the Authorized Capital) Acquired by Insurance (Reinsurance) Organizations", registered in the Register of State Registration of Normative Legal Acts under No. 14794.

7. Line 1, column 3 states the amount of the actual solvency margin of the insurance group.

8. Line 4, column 3 states the amount of the minimum amount of the solvency margin of the insurance group.

9. Line 5, column 3 states the solvency margin adequacy ratio of the insurance group equal to the ratio of the actual solvency margin of the insurance group less investments to the minimum amount of the solvency margin of the insurance group.

Annex 6

to the Resolution of the Board

of the National Bank

of the Republic of Kazakhstan

dated "28" November 2019 No. 223

Form

Form intended for the collection of administrative data

Submitted to: the National Bank of the Republic of Kazakhstan

The form of administrative data is posted on the internet resource: www.nationalbank.kz

Report on compliance with prudential standards by an Islamic insurance (reinsurance) organization

Index of the form of administrative data: 5-PN_M

Frequency: monthly

Reporting period: as of "____" ______ 20 ___ year

Circle of persons submitting: Islamic insurance (reinsurance) organization

Form

Table 1. Information on compliance with prudential standards by an Islamic insurance (reinsurance) organization

No.	Name of the standard	Indicator value
1	2	3
1	Solvency margin adequacy standard (1.1/1.2)
1.1	Actual solvency margin (1.3 + 1.4 or 1.8, the smallest value) (in thousands of tenge)
1.2	Minimum solvency margin size ("400") (in thousands of tenge)
1.3	Intermediate total of the calculation of the actual solvency margin ("100") (in thousands of tenge)
1.4	Amount included in the calculation of the actual solvency margin ("200") (in thousands of tenge)
1.5	Total assets taking into account their classification by quality and liquidity ("12000") (in thousands of tenge)
1.6	Insurance reserves less the share of the Islamic reinsurer ("13000") (in thousands of tenge)
1.7	Liabilities, excluding the amount of insurance reserves ("14000") (in thousands of tenge)
1.8	Actual solvency margin calculated taking into account the classification of assets by quality and liquidity (1.5 - 1.6 - 1.7) (in thousands of tenge)
2	Total book value of investments in Islamic securities, deposits and money in one second-tier bank and affiliated persons of this bank (ND1-1), meeting the requirements of subparagraph 1) of paragraph 37 of the Normative Values and Methods of Calculations of Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits established by Resolution of the Board of the National Bank of the Republic of Kazakhstan dated January 31, 2019 No. 14 "On Establishing Normative Values and Methods of Calculations of Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits, the List, Forms, Deadlines for Submission of Reporting on Compliance with Prudential Standards by Islamic Insurance (Reinsurance) Organizations, Rules for Submission of Reporting on Compliance with Prudential Standards by Islamic Insurance (Reinsurance) Organizations, Requirements for Shares (Participation Interests in Authorized Capital) of Legal Entities Acquired by Islamic Insurance (Reinsurance) Organizations, Subsidiary Organizations of Islamic Insurance (Reinsurance) Organizations, as well as the List of Financial Instruments (Except for Shares and Participation Interests in Authorized Capital) Acquired by Islamic Insurance (Reinsurance) Organizations", registered in the State Registration Register of Normative Legal Acts under No. 18293 (hereinafter - Normative Values and Methods of Calculations of Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits) - not more than 20 (twenty) percent of the sum of assets calculated in accordance with paragraph 32 of the Normative Values and Methods of Calculations of Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits (in percent)
3	Total book value of investments in Islamic securities, deposits and money in one second-tier bank and affiliated persons of this bank (ND1-2), meeting the requirements of subparagraph 2) of paragraph 37 of the Normative Values and Methods of Calculations of Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits - not more than 15 (fifteen) percent of the sum of assets calculated in accordance with paragraph 32 of the Normative Values and Methods of Calculations of Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits (in percent)
4	Total book value of investments in Islamic securities, deposits and money in one second-tier bank and affiliated persons of this bank (ND1-3), meeting the requirements of subparagraph 3) of paragraph 37 of the Normative Values and Methods of Calculations of Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits - not more than 10 (ten) percent of the sum of assets calculated in accordance with paragraph 32 of the Normative Values and Methods of Calculations of Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits (in percent)
5	Total book value of investments in Islamic securities and money in one legal entity that is not a second-tier bank, and affiliated persons of this legal entity (ND2) - not more than 10 (ten) percent of the sum of assets calculated in accordance with paragraph 32 of the Normative Values and Methods of Calculations of Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits (in percent)
6	Total placement in refined precious metals and metal deposits for a period of not more than 12 (twelve) months (ND4) - not more than 10 (ten) percent of the sum of assets calculated in accordance with paragraph 32 of the Normative Values and Methods of Calculations of Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits (in percent)
7	Total book value of investments in Islamic securities having the status of government securities issued by the central government of a foreign state (ND6) - not more than 10 (ten) percent of the sum of assets calculated in accordance with paragraph 32 of the Normative Values and Methods of Calculations of Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits (in percent)
8	Total book value of investments in Islamic securities of an international financial organization that is included in the list established by paragraph 35 of the Normative Values and Methods of Calculations of Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits, (ND7) - not more than 10 (ten) percent of the sum of assets calculated in accordance with paragraph 32 of the Normative Values and Methods of Calculations of Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits (in percent)
9	Total book value of investments in units meeting the requirements of subparagraphs 23) and 24) of paragraph 34 of the Normative Values and Methods of Calculations of Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits, (ND8) - not more than 10 (ten) percent of the sum of assets calculated in accordance with paragraph 32 of the Normative Values and Methods of Calculations of Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits (in percent)
10	Total book value of investments in units of open and interval unit investment funds (ND8-1) - not more than 5 (five) percent of the sum of assets calculated in accordance with paragraph 32 of the Normative Values and Methods of Calculations of Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits (in percent)
11	Total book value of investments in debt securities issued by local executive bodies of the Republic of Kazakhstan (ND9) - not more than 10 (ten) percent of the sum of assets calculated in accordance with paragraph 32 of the Normative Values and Methods of Calculations of Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits (in percent)
12	Total book value of investments in Islamic financing instruments meeting the requirements of subparagraphs 25) and 26) of paragraph 34 of the Normative Values and Methods of Calculations of Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits (ND10) - not more than 10 (ten) percent of the sum of assets calculated in accordance with paragraph 32 of the Normative Values and Methods of Calculations of Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits (in percent)
13	Information on compliance with the standard for sufficiency of highly liquid assets ("yes" or "no")

Table 2. Amount of increase in the minimum solvency margin size of an Islamic insurance (reinsurance) organization

(in thousands of tenge)

Name of the Islamic reinsurance organization	Rating assessment of the Islamic reinsurer on an international or national scale (solvency margin adequacy standard)	Volume of obligations transferred (to be transferred) to reinsurance under existing Islamic insurance contracts, total	Percent of the volume of obligations transferred (to be transferred) to reinsurance under existing Islamic insurance contracts	Amount of increase in the minimum solvency margin size (column 3 x column 4)
1	2	3	4	5
Islamic reinsurance contracts concluded with Islamic reinsurers that are non-residents of the Republic of Kazakhstan, except for Islamic reinsurers of the member states of the Treaty on the Eurasian Economic Union ratified by the Law of the Republic of Kazakhstan dated October 14, 2014 "On Ratification of the Treaty on the Eurasian Economic Union" (hereinafter - the EAEU Treaty)
Group 1	"AA-" or higher		0%
Group 2	from "A+" to "A-"		0%
Group 3	from "BBB+" to "BBB-"		0.2%
Group 4	from "BB+" to "BB-"		0.75%
Group 5	from "B+" to "B-"		3.8%
Group 6	below "B-" or absent		22%
Islamic reinsurance contracts concluded with Islamic reinsurers that are residents of the Republic of Kazakhstan
Group 7	not lower than "B" or "kzBB"		0%
Group 8	"B-", "kzBB-", "kzB+"		0.2%
Group 9	> 1.75		0.05%
Group 10	> 1.5		0.1%
Group 11	> 1.25		0.2%
Group 12	> 1.1		0.5%
Group 13	>= 1.0		3.8%
Group 14	< 1.0		5%
Islamic reinsurance contracts concluded with Islamic reinsurers of the member states of the EAEU Treaty
Group 15	from "BBB+" to "BBB-"		0%
Group 16	from "BB+" to "BB-"		0.2%
Group 17	from "B+" to "B-"		0.5%
Group 18	below "B-" or absent		22%
Total:	xxx		xxx

Table 3. Calculation of the minimum solvency margin size for an Islamic insurance (reinsurance) organization carrying out Islamic insurance activity in the "general insurance" sector and an Islamic reinsurance organization carrying out reinsurance as an exclusive type of activity

(in thousands of tenge)

Name of indicator		Line code	Amount
1		2	3
Calculation of the minimum solvency margin size using the "premium method"
Insurance premiums accepted under Islamic insurance and reinsurance contracts for the previous financial year, total (according to subparagraphs 1), 2) and 3) of paragraph 12 of the Normative Values and Methods of Calculations of Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits)		1110
Amount of expenses for payment of remuneration to the Islamic insurance (reinsurance) organization for managing the Islamic insurance fund for the previous financial year		1120
Amount of corporate income tax for the previous financial year		1130
Adjusted insurance premiums accepted under Islamic insurance and reinsurance contracts for the previous financial year ("1110" - "1120" - "1130")		1100
Earned insurance premiums under Islamic insurance and reinsurance contracts for the previous financial year, total (according to subparagraphs 1), 2) and 3) of paragraph 12 of the Normative Values and Methods of Calculations of Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits)		1210
Adjusted total earned insurance premiums for the previous financial year ("1210" - "1120" - "1130")		1200
Total insurance premiums accepted under Islamic insurance and reinsurance contracts or total earned insurance premiums for further calculation (if "1100" ≥ "1200", then "1100"; if "1100" < "1200", then "1200")		1010
Intermediate total A: (if "1010" > 3,500,000, then (3,500,000 x 0.18 + ("1010" - 3,500,000) x 0.16); if "1010" < 3,500,000, then "1010" x 0.18)		1020
Total insurance payments less the share of the Islamic reinsurer in insurance payments accrued for the previous 3 (three) financial years ("1311" + "1312" + "1313")		1310
Total insurance payments less the share of the Islamic reinsurer in insurance payments accrued at the end of the previous financial year		1311
Total insurance payments less the share of the Islamic reinsurer in insurance payments accrued at the end of the financial year for 1 (one) year preceding the previous financial year		1312
Total insurance payments less the share of the Islamic reinsurer in insurance payments accrued at the end of the financial year for 2 (two) years preceding the previous financial year		1313
Total insurance payments accrued for the previous 3 (three) financial years ("1321" + "1322" + "1323")		1320
Total insurance payments accrued for the previous financial year		1321
Total insurance payments accrued at the end of the financial year for 1 (one) year preceding the previous financial year		1322
Total insurance payments accrued at the end of the financial year for 2 (two) years preceding the previous financial year		1323
Adjustment coefficient (if "1310" / "1320" > 0.5, then "1310" / "1320"; if "1310" / "1320" ≤ 0.5, then 0.5)		1300
Minimum solvency margin size ("premium method") ("1020" x "1300")		1000
Calculation of the minimum solvency margin size using the "claim method" (in thousands of tenge)
Total insurance payments	accrued for the previous 3 (three) financial years (taking into account the requirements of subparagraph 2) of paragraph 13 of the Normative Values and Methods of Calculations of Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits) ("2111" + "2112" + "2113")	2110
accrued at the end of the previous financial year	2111
accrued at the end of the year for 1 (one) year preceding the previous financial year	2112
accrued at the end of the year for 2 (two) years preceding the previous financial year	2113
accrued for the previous 7 (seven) financial years for Islamic insurance (reinsurance) organizations carrying out insurance of risks specified in subparagraphs 13) and 14) of paragraph 3 of Article 6 of the Law of the Republic of Kazakhstan dated December 18, 2000 "On Insurance Activity" (hereinafter - the Law) ("2121" + ... + "2127"):	2120
accrued at the end of the previous financial year	2121
accrued at the end of the year for 1 (one) year preceding the previous financial year	2122
accrued at the end of the year for 2 (two) years preceding the previous financial year	2123
accrued at the end of the year for 3 (three) years preceding the previous financial year	2124
accrued at the end of the year for 4 (four) years preceding the previous financial year	2125
accrued at the end of the year for 5 (five) years preceding the previous financial year	2126
accrued at the end of the year for 6 (six) years preceding the previous financial year	2127
Amount of reserve for reported but unsettled losses at the end of the previous financial year		2210
Amount of reserve for reported but unsettled losses at the end of the financial year for 2 (two) years preceding the previous financial year		2310
Amount of reserve for reported but unsettled losses at the end of the financial year for 6 (six) years preceding the previous financial year (for Islamic insurance (reinsurance) organizations carrying out insurance of risks specified in subparagraphs 13) and 14) of paragraph 3 of Article 6 of the Law)		2320
Total insurance payments for further calculation (1/3 x ("2110" + "2210" - "2310"))		2030
Total insurance payments for further calculation (1/7 x ("2120" + "2210" - "2320")), for Islamic insurance (reinsurance) organizations carrying out insurance of risks specified in subparagraphs 13) and 14) of paragraph 3 of Article 6 of the Law		2031
Minimum solvency margin size ("claim method"): (if "2030" > 2,500,000, then ((2,500,000 x 0.26 + ("2030" - 2,500,000) x 0.23) x "1300"); if "2030" < 2,500,000, then "2030" x 0.26 x "1300")		2000
Minimum solvency margin size
Minimum solvency margin size ("1000" or "2000", the largest value)		3000
Amount of increase in the minimum solvency margin size under Islamic insurance (reinsurance) contracts specified in paragraph 14 of the Normative Values and Methods of Calculations of Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits		3010
Adjusted minimum solvency margin size for the reporting period ("3000" + "3010")		3100
Minimum solvency margin size for the previous financial year		4100
Reserve for reported but unsettled losses less the share of the Islamic reinsurer at the end of the previous financial year		4010
Reserve for reported but unsettled losses less the share of the Islamic reinsurer at the beginning of the previous financial year		4020
Minimum solvency margin size for the previous financial year, adjusted by the reserve coefficient (if "4010" / "4020" > 1, then "4100", if "4010" / "4020" < 1, then "4100" x ("4010" / "4020"))		4000
Calculated minimum solvency margin size (if "4000" ≤ "3100", then "3100", if "4000" > "3100", then "4000")		5000
Minimum guarantee fund size		6000
Calculated minimum solvency margin size ("5000" + part of the amount of obligations transferred to reinsurance calculated in accordance with Table 2 of this Report on compliance with prudential standards by an Islamic insurance (reinsurance) organization)		7000
Minimum guarantee fund size ("6000" + part of the amount of obligations transferred to reinsurance calculated in accordance with Table 2 of this Report on compliance with prudential standards by an Islamic insurance (reinsurance) organization)		8000
Minimum solvency margin size for the reporting period ("7000" or "8000", the largest value)		9000
Calculation of the actual solvency margin for Islamic insurance (reinsurance) organizations in the "general insurance" sector
Paid authorized capital for the Islamic insurance (reinsurance) organization		111
Retained income of previous periods		112
Reserve capital, Contingency risk reserve and Stabilization reserve		113
Intangible assets, except for software acquired for the purposes of the main activity of the Islamic insurance (reinsurance) organization (in the amount of cost taking into account accumulated depreciation and not exceeding 10 (ten) percent of the assets of the Islamic insurance (reinsurance) organization)		114
Uncovered loss of previous years		115
Uncovered loss of the reporting period		116
Investments in the authorized capital of other legal entities		117
Intermediate total A ("111" + "113" + "114" - "115" - "116" - "117" - "118")		118
Subordinated debt with a fixed maturity		119
Subordinated debt without a fixed maturity		100
Intermediate total B ("201" + "202")		201
Amount included in the calculation of the actual solvency margin: if "211" > 0.5 x ("100" or "400", the smallest value), then 0.5 x ("100" or "400", the smallest value); if "211" < 0.5 x ("100" or "400", the smallest value), then "211"		202
Actual solvency margin ("100" + "200" or "15000", the smallest value)		203
Minimum solvency margin size ("9000")		211
Solvency margin adequacy standard ("300" / "400")		200
Paid authorized capital for the Islamic insurance (reinsurance) organization		300
Retained income of previous periods		400
Reserve capital, Contingency risk reserve and Stabilization reserve		500

Table 4. Calculation of the minimum solvency margin size for an Islamic insurance (reinsurance) organization carrying out Islamic insurance activity in the "life insurance" sector

(in thousands of tenge)

Name of indicator	Line code		Amount
1	2		3
For classes "life insurance" and "annuity insurance"
Islamic life insurance contracts in case of death
Total capital at risk under Islamic life insurance contracts in case of death (term up to 3 (three) years), for which capital at risk is not a negative value ("1113" - "1111")	1110
Amount of formed insurance reserves	1111
Share of Islamic reinsurer in insurance reserves	1112
Total sum insured under Islamic life insurance contracts in case of death	1113
Share of Islamic reinsurer in sum insured	1114
Total capital at risk under Islamic life insurance contracts in case of death (term from 3 (three) to 5 (five) years), for which capital at risk is not a negative value ("1123" - "1121")	1120
Amount of formed insurance reserves	1121
Share of Islamic reinsurer in insurance reserves	1122
Total sum insured under Islamic life insurance contracts in case of death	1123
Share of Islamic reinsurer in sum insured	1124
Total capital at risk under other Islamic life insurance contracts in case of death, for which capital at risk is not a negative value ("1133" - "1131")	1130
Amount of formed insurance reserves	1131
Share of Islamic reinsurer in insurance reserves	1132
Total sum insured under Islamic life insurance contracts in case of death	1133
Share of Islamic reinsurer in sum insured	1134
Capital at risk under Islamic life insurance contracts in case of death concluded in the previous financial year ("1110" + "1120" + "1130")	1140
Capital at risk under Islamic life insurance contracts in case of death concluded in the previous financial year, net of share of Islamic reinsurer ("1140" + "1112" - "1114" + "1122" - "1124" + "1132" - "1134")	1150
Adjustment coefficient (if "1150" / "1140" > 0.5, then "1150" / "1140"; if "1150" / "1140" < 0.5, then 0.5)	1160
Minimum solvency margin for Islamic life insurance contracts in case of death (("1110" x 0.001 + "1120" x 0.0015 + "1130" x 0.003) x "1160")	1170
Other Islamic life insurance contracts
Amount of formed insurance reserves at the end of the previous financial year under Islamic pension annuity contracts	1210
Amount of formed insurance reserves at the end of the previous financial year under other Islamic insurance contracts	1211
Amount of formed insurance reserves for calculation ("1210" x corresponding percentage established by paragraph 21 of the Normative Values and Methods for Calculating Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits + "1211" x 0.04)	1220
Amount of formed insurance reserves net of share of Islamic reinsurer in insurance reserves at the end of the previous financial year	1230
Adjustment coefficient (if "1230" / ("1210+1211") > 0.85, then "1230" / ("1210+1211"); if "1230" / ("1210+1211") < 0.85, then 0.85)	1240
Minimum solvency margin for other Islamic life insurance contracts ("1220" x "1240")	1200
Minimum solvency margin ("1170" + "1200")	1000
For classes "accident insurance", "health insurance" and "compulsory insurance of an employee against accidents during performance of labor (official) duties"
Insurance premiums accepted under Islamic insurance and reinsurance contracts for the previous financial year, total (subject to requirements of part two of paragraph 22 of the Normative Values and Methods for Calculating Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits)		3110
Amount of expenses for payment of remuneration to the Islamic insurance (reinsurance) organization for managing the Islamic insurance fund for the previous financial year		3120
Adjusted insurance premiums accepted under Islamic insurance and reinsurance contracts for the previous financial year ("3110" - "3120")		3140
Earned insurance premiums under Islamic insurance and reinsurance contracts for the previous financial year, total		3150
Adjusted total earned insurance premiums for the previous financial year ("3150" - "3120")		3160
Total insurance premiums accepted under Islamic insurance and reinsurance contracts, or total earned insurance premiums for further calculation (if "3140" ≥ "3160", then "3140"; if "3140" < "3160", then "3160")		3100
Intermediate total A: (if "3100" > 3,500,000, then (3,500,000 x 0.18 + ("3100" - 3,500,000) x 0.16); if "3100" < 3,500,000, then "3100" x 0.18)		3200
Total insurance payments net of share of Islamic reinsurer in insurance payments accrued for the previous 3 (three) financial years ("3311" + "3312" + "3313")		3310
Total insurance payments net of share of Islamic reinsurer in insurance payments accrued at the end of the previous financial year		3311
Total insurance payments net of share of Islamic reinsurer in insurance payments accrued at the end of the financial year, for 1 (one) year preceding the previous financial year		3312
Total insurance payments net of share of Islamic reinsurer in insurance payments accrued at the end of the financial year, for 2 (two) years preceding the previous financial year		3313
Total insurance payments accrued for the previous 3 (three) financial years ("3321" + "3322" + "3323")		3320
Total insurance payments accrued for the previous financial year		3321
Total insurance payments accrued at the end of the financial year, for 1 (one) year preceding the previous financial year		3322
Total insurance payments accrued at the end of the financial year, for 2 (two) years preceding the previous financial year		3323
Adjustment coefficient (if "3310" / "3320" > 0.5, then "3310" / "3320"; if "3310" / "3320" ≤ 0.5, then 0.5)		3300
Minimum solvency margin ("premiums method") ("3200" x "3300")		3400
Total insurance payments accrued for the previous 3 (three) financial years ("3511" + "3512" + "3513"):		3510
accrued at the end of the previous financial year		3511
accrued at the end of the year, for 1 (one) year preceding the previous financial year		3512
accrued at the end of the year, for 2 (two) years preceding the previous financial year		3513
Amount of reserve for reported but unsettled losses at the end of the previous financial year		3520
Amount of reserve for reported but unsettled losses at the end of the financial year, for 2 (two) years preceding the previous financial year		3530
Total insurance payments for further calculation (1/3 x ("3510" + "3520" - "3530"))		3500
Minimum solvency margin ("payments method"): (if "3500" > 2,500,000, then ((2,500,000 x 0.26 + ("3500" - 2,500,000) x 0.23) x "3300"); if "3500" < 2,500,000, then "3500" x 0.26 x "3300")		3600
Minimum solvency margin for the reporting period ("3400" or "3600", the greater value)		3000
Minimum solvency margin
Minimum solvency margin for the reporting period ("1000" + "3000")		4000
Minimum guarantee fund		5000
Calculated minimum solvency margin ("4000" + part of the amount of liabilities transferred to reinsurance, calculated in accordance with Table 2 of this Report on compliance with prudential standards by an Islamic insurance (reinsurance) organization)		6000
Minimum guarantee fund ("5000" + part of the amount of liabilities transferred to reinsurance, calculated in accordance with Table 2 of this Report on compliance with prudential standards by an Islamic insurance (reinsurance) organization)		7000
Minimum solvency margin ("6000" or "7000", the greater value)		8000
Calculation of actual solvency margin for insurance (reinsurance) organizations in the "life insurance" sector
Paid-in authorized capital for an Islamic insurance (reinsurance) organization		111
Retained income of previous periods		113
Reserve capital, Reserve for unforeseen risks and Stabilization reserve		114
Intangible assets, except for software acquired for the core activities of the Islamic insurance (reinsurance) organization (at cost less accumulated depreciation and not exceeding 10 (ten) percent of the assets of the Islamic insurance (reinsurance) organization)		115
Uncovered loss of previous years		116
Uncovered loss of the reporting period		117
Investments in authorized capital of other legal entities		118
Intermediate total A ("111" + "113" + "114" - "115" - "116" - "117" - "118")		100
Subordinated debt with fixed maturity		201
Subordinated debt without fixed maturity		202
Intermediate total B ("201" + "202")		211
Amount included in calculation of actual solvency margin: if "211" > 0.5 x ("100" or "400", the lesser value), then 0.5 x ("100" or "400", the lesser value); if "211" < 0.5 x ("100" or "400", the lesser value), then "211"		200
Actual solvency margin ("100" + "200" or "15000", the lesser value)		300
Minimum solvency margin ("8000")		400
Solvency margin adequacy ratio ("300" / "400")		500

Table 5. Calculation of assets of an Islamic insurance (reinsurance) organization taking into account their classification by quality and liquidity

(in thousands of tenge)

No.		Name of indicator	Line code	Balance sheet amount		Volume taken into account		Amount for calculation
1		2	3	4		5		6
1		Money - total ("11111" +... + "11116"), including:	11110			x
1.1		cash on hand in an amount not exceeding 1 (one) percent of the total assets of the Islamic insurance (reinsurance) organization less Islamic reinsurance assets	11111			100%
1.2		money in transit in second-tier banks of the Republic of Kazakhstan	11112			100%
1.3		money in current accounts in second-tier banks of the Republic of Kazakhstan specified in lines 2.1 and 2.2 of this annex	11113			100%
1.4		money in current accounts in second-tier banks of the Republic of Kazakhstan specified in line 2.3 of this annex	11114			90%
1.5		money of the Islamic insurance (reinsurance) organization in accounts with an organization carrying out brokerage and (or) dealer activity in the securities market, held in second-tier banks of the Republic of Kazakhstan, and in the central depository	11115			100%
1.6		money of the Islamic insurance (reinsurance) organization in accounts with an organization carrying out investment portfolio management activity, held in second-tier banks of the Republic of Kazakhstan	11116			100%
2		Deposits - total ("11121" +... + "11125"), including:	11120			x
2.1		deposits in second-tier banks of the Republic of Kazakhstan provided that these banks are issuers whose shares are included in the "premium" category of the "shares" sector of the "Main" platform of the official list of the stock exchange or are in the representative list of the stock exchange index	11121			100%
2.2		deposits in second-tier banks of the Republic of Kazakhstan meeting one of the following requirements: have a long-term credit rating not lower than "B" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies, or a rating not lower than "kzBB+" on the national scale of Standard & Poor's, or a rating of an equivalent level on the national scale of one of the other rating agencies; are subsidiary banks resident in the Republic of Kazakhstan whose parent banks non-resident in the Republic of Kazakhstan have a long-term credit rating in foreign currency not lower than "A-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies	11122			100%
2.3		deposits in second-tier banks of the Republic of Kazakhstan having a long-term credit rating of "B-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies, or a rating from "kzBB" to "kzBB-" on the national scale of Standard & Poor's, or a rating of an equivalent level on the national scale of one of the other rating agencies	11123			90%
2.4		deposits in international financial organizations having a long-term rating not lower than "AA-" of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies, deposits in the Eurasian Development Bank in the national currency of the Republic of Kazakhstan	11124			100%
2.5		deposits in non-resident banks having a long-term rating not lower than "BBB-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies	11125			100%
3		Debt securities - total ("11131" +... + "11145"), including:	11130			x
3.1		government securities of the Republic of Kazakhstan, including those issued in accordance with the legislation of other states, issued by the Ministry of Finance of the Republic of Kazakhstan and the National Bank of the Republic of Kazakhstan	11131			100%
3.2		debt securities issued by local executive bodies of the Republic of Kazakhstan, included in the official list of the stock exchange operating in the territory of the Republic of Kazakhstan	11132			100%
3.3		debt securities issued by a legal entity carrying out the redemption of mortgage loans of individuals not related to entrepreneurial activity, one hundred percent of whose shares belong to the National Bank of the Republic of Kazakhstan	11133			100%
3.4		debt securities issued by joint-stock companies "Bank Razvitiya Kazakhstana", "Fund of National Welfare "Samruk-Kazyna", "National Managing Holding "Baiterek", "Fund of Problem Loans" in accordance with the legislation of the Republic of Kazakhstan and other states	11134			100%
3.5		non-government debt Islamic securities of legal entities of the Republic of Kazakhstan issued in accordance with the legislation of the Republic of Kazakhstan and other states, included in the "debt securities" sector of the "Main" platform of the official list of the stock exchange, or non-government debt securities of legal entities of the Republic of Kazakhstan denominated in foreign currency and admitted to public trading on the stock exchange operating in the territory of the International Financial Center "Astana"	11135			90%
3.6		non-government debt Islamic securities of legal entities of the Republic of Kazakhstan issued in accordance with the legislation of the Republic of Kazakhstan and other states, included in the "debt securities" sector of the "Alternative" platform of the official list of the stock exchange	11136			60%
3.7		non-government debt Islamic securities of legal entities of the Republic of Kazakhstan issued in accordance with the legislation of the Republic of Kazakhstan and other states, having (whose issuer has) a rating not lower than "BB-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies, or a rating not lower than "kzA-" on the national scale of Standard & Poor's, or a rating of an equivalent level on the national scale of one of the other rating agencies	11137			100%
3.8		non-government debt Islamic securities of legal entities of the Republic of Kazakhstan issued in accordance with the legislation of the Republic of Kazakhstan and other states, having (whose issuer has) a rating from "B+" to "B-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies, or a rating from "kzBBB+" to "kzBB-" on the national scale of Standard & Poor's, or a rating of an equivalent level on the national scale of one of the other rating agencies	11138			85%
3.9		non-government debt Islamic securities issued by international financial organizations having an international rating not lower than "AA-" of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies, as well as debt Islamic securities issued by the Eurasian Development Bank and denominated in the national currency of the Republic of Kazakhstan	11139			100%
3.10		debt Islamic securities of foreign states having a sovereign rating not lower than "BBB-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies	11140			100%
3.11		debt Islamic securities of foreign states having a sovereign rating from "BB+" to "BB-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies	11141			90%
3.12		debt Islamic securities of foreign states having a sovereign rating from "B+" to "B-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies	11142			80%
3.13		non-government debt Islamic securities of foreign issuers having (whose issuer has) a rating not lower than "BBB-" on the international scale of Standard & Poor's agency or a rating from one of the other rating agencies	11143			100%
3.14		non-government debt Islamic securities of foreign issuers having (whose issuer has) a rating from "BB+" to "BB-" on the international scale of Standard & Poor's agency or a rating from one of the other rating agencies	11144			85%
3.15		non-government debt Islamic securities of foreign issuers having (whose issuer has) a rating from "B+" to "B-" on the international scale of Standard & Poor's agency or a rating from one of the other rating agencies	11145			70%
4		Shares and depositary receipts - total ("11151" +... + "11158"), including:	11150			x
4.1		shares of legal entities of the Republic of Kazakhstan and foreign issuers that are part of the main stock indices, and depositary receipts whose underlying asset is these shares	11151			100%
4.2		shares of legal entities included in the official list of the stock exchange meeting the requirements of the "premium" category of the "shares" sector of the "Main" platform of the official list of the stock exchange, and depositary receipts whose underlying asset is these shares	11152			100%
4.3		shares of legal entities - residents of the Republic of Kazakhstan included in the "standard" category of the "shares" sector of the "Main" platform of the official list of the stock exchange, or shares of legal entities - residents of the Republic of Kazakhstan denominated in foreign currency admitted to public trading on the stock exchange operating in the territory of the International Financial Center "Astana", and depositary receipts whose underlying asset is these shares	11153			80%
4.4		shares of legal entities of the Republic of Kazakhstan included in the "shares" sector of the "Alternative" platform of the official list of the stock exchange, and depositary receipts whose underlying asset is these shares	11154			60%
4.5		shares of legal entities of the Republic of Kazakhstan and foreign issuers having a rating not lower than "BBB-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies, and depositary receipts whose underlying asset is these shares	11155			100%
4.6		shares of legal entities of the Republic of Kazakhstan and foreign issuers having a rating from "BB+" to "BB-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies, and depositary receipts whose underlying asset is these shares	11156			80%
4.7		shares of legal entities of the Republic of Kazakhstan and foreign issuers having a rating from "B+" to "B-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies, and depositary receipts whose underlying asset is these shares	11157			60%
4.8		shares of the joint-stock company "Fund of Guaranteeing Insurance Payments"	11158			100%
5		Other securities - total ("11161" +... + "11167"), including:	11160			x
5.1		securities of investment funds included in the official list of the stock exchange	11161			70%
5.2		units of Exchange Traded Funds (ETF) whose asset structure repeats the structure of one of the main stock indices, or whose pricing for units is tied to the main stock indices	11162			90%
5.3		units of Exchange Traded Funds (ETF), Exchange Traded Commodities (ETC), Exchange Traded Notes (ETN) having a rating not lower than "3 stars" of the rating agency Morningstar	11163			80%
5.4		Islamic finance instruments of legal entities of the Republic of Kazakhstan issued in accordance with the legislation of the Republic of Kazakhstan and other states, having a rating not lower than "BBB-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies, or a rating not lower than "kzAAA" on the national scale of Standard & Poor's, or a rating of an equivalent level on the national scale of one of the other rating agencies	11164			100%
5.5		Islamic finance instruments of legal entities of the Republic of Kazakhstan issued in accordance with the legislation of the Republic of Kazakhstan and other states, having a rating from "BB+" to "BB-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies, or a rating from "kzAA+" to "kzA-" on the national scale of Standard & Poor's, or a rating of an equivalent level on the national scale of one of the other rating agencies	11165			90%
5.6		Islamic finance instruments of legal entities of the Republic of Kazakhstan issued in accordance with the legislation of the Republic of Kazakhstan and other states, having a rating from "B+" to "B-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies, or a rating from "kzBBB+" to "kzBB-" on the national scale of Standard & Poor's, or a rating of an equivalent level on the national scale of one of the other rating agencies	11166			80%
5.7		Islamic finance instruments of legal entities of the Republic of Kazakhstan issued in accordance with the legislation of the Republic of Kazakhstan and other states, whose parent organizations have a rating not lower than "BBB-" on the international scale of Standard & Poor's agency or a rating of an equivalent level from one of the other rating agencies	11167			90%
6		Other assets - total ("11171" +... + "11176"), including:	11170			x
6.1		refined precious metals and metal deposits	11171			100%
6.2		fixed assets in the form of immovable property in an amount not exceeding 5 (five) percent of the total high-quality liquid assets of the Islamic insurance (reinsurance) organization, in the amount of 100 (one hundred) percent of the lesser of the balance sheet and market values	11173			100%
6.3		software acquired for the purposes of the core activity of the Islamic insurance (reinsurance) organization (in the amount of cost less accumulated depreciation and not exceeding 10 (ten) percent of the total high-quality liquid assets of the Islamic insurance (reinsurance) organization)	11174			100%
6.4		amounts receivable from Islamic reinsurers, insurance premiums receivable from policyholders (reinsurers) and intermediaries in an amount not exceeding 10 (ten) percent of the total high-quality liquid assets of the Islamic insurance (reinsurance) organization less Islamic reinsurance assets	11175			100%
6.5		claims against issuers of securities for payment of the nominal value of securities arising in connection with the expiry of their circulation period provided for by the securities issue prospectus (not overdue under the terms of the securities issue prospectus)	11176			100%
7		Total assets taking into account their classification by quality and liquidity - A - ("11110" + "11120" + "11130" + "11150" + "11160" + "11170")	12000	x		x
8		Insurance reserves less the share of the Islamic reinsurer - IR	13000			x
9		Liabilities, excluding the amount of insurance reserves	14000
10		Actual solvency margin calculated taking into account the classification of assets by quality and liquidity ("12000" - "13000" - "14000")	15000	x		x
11		Total assets less Islamic reinsurance assets	16000			x
Calculation of asset diversification standards
Total balance sheet value of investments in Islamic securities, deposits and money in one second-tier bank and affiliates of that bank - (AD1-1), meeting the requirements of subparagraph 1) of paragraph 37 of the Normative Values and Calculation Methodologies for Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits - not more than 20 (twenty) percent of the total assets calculated in accordance with paragraph 32 of the Normative Values and Calculation Methodologies for Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits
No.		Name of issuer	Category/ rating of issuer		Balance sheet amount		Percentage of total assets
1		2	3		4		5
1.		Second-tier bank
1.1.		name of second-tier bank
1.1.1.		shares
1.1.2.		debt Islamic securities
1.1.3.		deposits in the bank
1.1.4.		money in the bank
2.		Affiliates of the bank
2.1.		name of affiliate of the bank
2.1.1.		shares
2.1.2		debt Islamic securities
2.1.3.		deposits
2.1.4.		money
...		………….
n.		………….
		Total (sum of lines 1 - n)
Total balance sheet value of investments in Islamic securities, deposits and money in one second-tier bank and affiliates of that bank (AD1-2), meeting the requirements of subparagraph 2) of paragraph 37 of the Normative Values and Calculation Methodologies for Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits - not more than 15 (fifteen) percent of the total assets calculated in accordance with paragraph 32 of the Normative Values and Calculation Methodologies for Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits
No.	Name of issuer		Category/ rating of issuer		Balance sheet amount		Percentage of total assets
1	2		3		4		5
1.	Second-tier bank
1.1.	name of second-tier bank
1.1.1.	shares
1.1.2.	debt Islamic securities
1.1.3.	deposits in the bank
1.1.4.	money in the bank
2.	Affiliates of the bank
2.1.	name of affiliate of the bank
2.1.1.	shares
2.1.2.	debt Islamic securities
2.1.3.	deposits
2.1.4.	money
...	………….
n.	………….
	Total (sum of lines 1 - n)
Total balance sheet value of investments in Islamic securities, deposits and money in one second-tier bank and affiliates of that bank - (AD1-3), meeting the requirements of subparagraph 3) of paragraph 37 of the Normative Values and Calculation Methodologies for Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits - not more than 10 (ten) percent of the total assets calculated in accordance with paragraph 32 of the Normative Values and Calculation Methodologies for Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits
No.		Name of issuer	Category/ rating of issuer		Balance sheet amount		Percentage of total assets
1		2	3		4		5
1.		Second-tier bank
1.1.		name of second-tier bank
1.1.1.		shares
1.1.2.		debt Islamic securities
1.1.3.		deposits in the bank
1.1.4.		money in the bank
2.		Affiliates of the bank
2.1.		name of affiliate of the bank
2.1.1.		shares
2.1.2.		debt Islamic securities
2.1.3.		deposits
2.1.4.		money
...		………….
n		………….
		Total (sum of lines 1 - n)
Total balance sheet value of investments in Islamic securities and money in one legal entity that is not a second-tier bank and affiliates of that legal entity (AD2) - not more than 10 (ten) percent of the total assets calculated in accordance with paragraph 32 of the Normative Values and Calculation Methodologies for Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits
No.		Name of issuer	Category of issuer		Balance sheet amount		Percentage of total assets
1		2	3		4		5
1.		Legal entity
1.		Name of legal entity
1.1.		shares
1.2.		debt Islamic securities
1.3.		money
2.		Name of affiliate
2.1.		shares
2.2.		debt Islamic securities
2.3.		money
…		…………….
n		…………….
		Total (sum of lines 1 - n)
No.		Name of indicator	Balance sheet amount			Percentage of total assets
1		2	3			4
1		Total placement in refined precious metals and metal deposits for a period not exceeding 12 (twelve) months (AD4) - not more than 10 (ten) percent of the total assets calculated in accordance with paragraph 32 of the Normative Values and Calculation Methodologies for Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits
2		Total balance sheet value of investments in Islamic securities having the status of government securities issued by the central government of a foreign state (AD6) - not more than 10 (ten) percent of the total assets calculated in accordance with paragraph 32 of the Normative Values and Calculation Methodologies for Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits
3		Total balance sheet value of investments in Islamic securities of an international financial organization that is included in the list determined by paragraph 35 of the Normative Values and Calculation Methodologies for Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits established by this resolution (AD7) - not more than 10 (ten) percent of the total assets calculated in accordance with paragraph 32 of the Normative Values and Calculation Methodologies for Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits

| 4 | | Total balance sheet value of investments in units meeting the requirements of subparagraphs 23) and 24) of paragraph 34 of the Regulatory Values and Methodologies for Calculating Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits (ND8) – not more than 10 (ten) percent of the total assets calculated in accordance with paragraph 32 of the Regulatory Values and Methodologies for Calculating Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits | | | | | | |
|---|---|---|---|---|---|---|---|
| 5 | | Total balance sheet value of investments in units of open-end and interval unit investment funds, net of allowance for doubtful debts (ND8-1) – not more than 5 (five) percent of the total assets calculated in accordance with paragraph 32 of the Regulatory Values and Methodologies for Calculating Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits | | | | | | |
| 6 | | Total balance sheet value of investments in debt securities issued by local executive bodies of the Republic of Kazakhstan (ND9) – not more than 10 (ten) percent of the total assets calculated in accordance with paragraph 32 of the Regulatory Values and Methodologies for Calculating Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits | | | | | | |
| 7 | | Total balance sheet value of investments in Islamic finance instruments meeting the requirements of subparagraphs 25) and 26) of paragraph 34 of the Regulatory Values and Methodologies for Calculating Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits established by this resolution (ND10) – not more than 10 (ten) percent of the total assets calculated in accordance with paragraph 32 of the Regulatory Values and Methodologies for Calculating Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits | | | | | | |

Table 6. Calculation of the high-liquid assets adequacy ratio of an Islamic insurance (reinsurance) organization

(in thousands of tenge)

No.	Name of indicator	Balance sheet amount	Amount to be taken into account	Amount for calculation
1	2	3	4	5
1	Cash – total, including:		x
1.1	cash on hand in an amount not exceeding 1 (one) percent of the total assets of the Islamic insurance (reinsurance) organization less Islamic reinsurance assets		100%
1.2	cash of the Islamic insurance (reinsurance) organization in accounts with an organization carrying out brokerage and (or) dealer activity on the securities market, held in second-tier banks of the Republic of Kazakhstan and in the central depository		100%
1.3	cash in current accounts in second-tier banks of the Republic of Kazakhstan specified in lines 2.1 and 2.2 of this appendix		100%
1.4	cash in current accounts in second-tier banks of the Republic of Kazakhstan specified in line 2.3 of this appendix		90%
1.5	cash of the Islamic insurance (reinsurance) organization in accounts with an organization carrying out investment portfolio management activities, held in second-tier banks of the Republic of Kazakhstan		100%
2	Deposits – total, including:		x
2.1	deposits in second-tier banks of the Republic of Kazakhstan provided that these banks are issuers whose shares are included in the "premium" category of the "shares" sector of the "Main" platform of the official list of the stock exchange or are in the representative list of the stock exchange index		100%
2.2	deposits in second-tier banks of the Republic of Kazakhstan meeting one of the following requirements: have a long-term credit rating not lower than "B" on the international scale of Standard & Poor's or a rating of an equivalent level from one of the other rating agencies, or a rating not lower than "kzBB+" on the national scale of Standard & Poor's, or a rating of an equivalent level on the national scale of one of the other rating agencies; are subsidiary resident banks of the Republic of Kazakhstan, whose parent non-resident banks of the Republic of Kazakhstan have a long-term foreign currency credit rating not lower than "A-" on the international scale of Standard & Poor's or a rating of an equivalent level from one of the other rating agencies		100%
2.3	deposits in second-tier banks of the Republic of Kazakhstan having a long-term credit rating "B-" on the international scale of Standard & Poor's or a rating of an equivalent level from one of the other rating agencies, or a rating from "kzBB" to "kzBB-" on the national scale of Standard & Poor's, or a rating of an equivalent level on the national scale of one of the other rating agencies		90%
2.4	deposits in international financial organizations having a long-term rating not lower than "AA-" from Standard & Poor's or a rating of an equivalent level from one of the other rating agencies, deposits in the Eurasian Development Bank in the national currency of the Republic of Kazakhstan		100%
2.5	deposits in non-resident banks having a long-term rating not lower than "BBB-" on the international scale of Standard & Poor's or a rating of an equivalent level from one of the other rating agencies		100%
3	Debt securities – total, including:		x
3.1	government securities of the Republic of Kazakhstan, including those issued in accordance with the legislation of other states, issued by the Ministry of Finance of the Republic of Kazakhstan and the National Bank of the Republic of Kazakhstan		100%
3.2	debt securities issued by local executive bodies of the Republic of Kazakhstan included in the official list of the stock exchange operating in the territory of the Republic of Kazakhstan		100%
3.3	debt securities issued by a legal entity carrying out the purchase of mortgage loans of individuals not related to entrepreneurial activity, one hundred percent of whose shares belong to the National Bank of the Republic of Kazakhstan		100%
3.4	debt securities issued by joint-stock companies "Development Bank of Kazakhstan", "National Welfare Fund "Samruk-Kazyna", "National Managing Holding "Baiterek", "Distressed Debt Fund" in accordance with the legislation of the Republic of Kazakhstan and other states		100%
3.5	non-government debt Islamic securities of legal entities of the Republic of Kazakhstan issued in accordance with the legislation of the Republic of Kazakhstan and other states, included in the "debt securities" sector of the "Main" platform of the official list of the stock exchange, or non-government debt securities of legal entities of the Republic of Kazakhstan denominated in foreign currency and admitted to public trading on the stock exchange operating in the territory of the Astana International Financial Centre		90%
3.6	non-government debt Islamic securities of legal entities of the Republic of Kazakhstan issued in accordance with the legislation of the Republic of Kazakhstan and other states, included in the "debt securities" sector of the "Alternative" platform of the official list of the stock exchange		60%
3.7	non-government debt Islamic securities of legal entities of the Republic of Kazakhstan issued in accordance with the legislation of the Republic of Kazakhstan and other states, having (whose issuer has) a rating not lower than "BB-" on the international scale of Standard & Poor's or a rating of an equivalent level from one of the other rating agencies, or a rating from "kzAA+" to "kzA-" on the national scale of Standard & Poor's, or a rating of an equivalent level on the national scale of one of the other rating agencies		100%
3.8	non-government debt Islamic securities of legal entities of the Republic of Kazakhstan, having (whose issuer has) a rating from "B+" to "B-" on the international scale of Standard & Poor's or a rating of an equivalent level from one of the other rating agencies, or a rating from "kzBBB+" to "kzBB-" on the national scale of Standard & Poor's, or a rating of an equivalent level on the national scale of one of the other rating agencies		85%
3.9	non-government debt Islamic securities issued by international financial organizations having an international rating not lower than "AA-" from Standard & Poor's or a rating of an equivalent level from one of the other rating agencies, as well as debt Islamic securities issued by the Eurasian Development Bank and denominated in the national currency of the Republic of Kazakhstan		100%
3.10	debt Islamic securities of foreign states having a sovereign rating not lower than "BBB-" on the international scale of Standard & Poor's or a rating of an equivalent level from one of the other rating agencies		100%
3.11	debt Islamic securities of foreign states having a sovereign rating from "BB+" to "BB-" on the international scale of Standard & Poor's or a rating of an equivalent level from one of the other rating agencies		90%
3.12	debt Islamic securities of foreign states having a sovereign rating from "B+" to "B-" on the international scale of Standard & Poor's or a rating of an equivalent level from one of the other rating agencies		80%
3.13	non-government debt Islamic securities of foreign issuers having (whose issuer has) a rating not lower than "BBB-" on the international scale of Standard & Poor's or a rating from one of the other rating agencies		100%
3.14	non-government debt Islamic securities of foreign issuers having (whose issuer has) a rating from "BB+" to "BB-" on the international scale of Standard & Poor's or a rating from one of the other rating agencies		85%
3.15	non-government debt Islamic securities of foreign issuers having (whose issuer has) a rating from "B+" to "B-" on the international scale of Standard & Poor's or a rating from one of the other rating agencies		70%
4	Shares and depositary receipts – total, including:		x
4.1	shares of legal entities of the Republic of Kazakhstan and foreign issuers included in the main stock indices, and depositary receipts whose underlying asset is such shares		100%
4.2	shares of legal entities included in the official list of the stock exchange meeting the requirements of the "premium" category of the "shares" sector of the "Main" platform of the official list of the stock exchange, and depositary receipts whose underlying asset is such shares		100%
4.3	shares of legal entities – residents of the Republic of Kazakhstan included in the "standard" category of the "shares" sector of the "Main" platform of the official list of the stock exchange, or shares of legal entities – residents of the Republic of Kazakhstan denominated in foreign currency admitted to public trading on the stock exchange operating in the territory of the Astana International Financial Centre, and depositary receipts whose underlying asset is such shares		80%
4.4	shares of legal entities of the Republic of Kazakhstan included in the "shares" sector of the "Alternative" platform of the official list of the stock exchange, and depositary receipts whose underlying asset is such shares		60%
4.5	shares of legal entities of the Republic of Kazakhstan and foreign issuers having a rating not lower than "BBB-" on the international scale of Standard & Poor's or a rating of an equivalent level from one of the other rating agencies, and depositary receipts whose underlying asset is such shares		100%
4.6	shares of legal entities of the Republic of Kazakhstan and foreign issuers having a rating from "BB+" to "BB-" on the international scale of Standard & Poor's or a rating of an equivalent level from one of the other rating agencies, and depositary receipts whose underlying asset is such shares		80%
4.7	shares of legal entities of the Republic of Kazakhstan and foreign issuers having a rating from "B+" to "B-" on the international scale of Standard & Poor's or a rating of an equivalent level from one of the other rating agencies, and depositary receipts whose underlying asset is such shares		60%
5	Other securities – total, including:		x
5.1	securities of investment funds included in the official list of the stock exchange		70%
5.2	units of Exchange Traded Funds (ETF) whose asset structure replicates the structure of one of the main stock indices, or whose pricing for units is tied to the main stock indices		90%
5.3	units of Exchange Traded Funds (ETF), Exchange Traded Commodities (ETC), Exchange Traded Notes (ETN) having a rating not lower than "3 stars" from the rating agency Morningstar		80%
5.4	Islamic finance instruments of legal entities of the Republic of Kazakhstan issued in accordance with the legislation of the Republic of Kazakhstan and other states, having (whose issuer has) a rating not lower than "BBB-" on the international scale of Standard & Poor's or a rating of an equivalent level from one of the other rating agencies, or a rating not lower than "kzAAA" on the national scale of Standard & Poor's, or a rating of an equivalent level on the national scale of one of the other rating agencies		100%
5.5	Islamic finance instruments of legal entities of the Republic of Kazakhstan issued in accordance with the legislation of the Republic of Kazakhstan and other states, having (whose issuer has) a rating from "BB+" to "BB-" on the international scale of Standard & Poor's or a rating of an equivalent level from one of the other rating agencies, or a rating from "kzAA+" to "kzA-" on the national scale of Standard & Poor's, or a rating of an equivalent level on the national scale of one of the other rating agencies		90%
5.6	Islamic finance instruments of legal entities of the Republic of Kazakhstan issued in accordance with the legislation of the Republic of Kazakhstan and other states, having (whose issuer has) a rating from "B+" to "B-" on the international scale of Standard & Poor's or a rating of an equivalent level from one of the other rating agencies, or a rating from "kzBBB+" to "kzBB-" on the national scale of Standard & Poor's, or a rating of an equivalent level on the national scale of one of the other rating agencies		80%
5.7	Islamic finance instruments of legal entities of the Republic of Kazakhstan issued in accordance with the legislation of the Republic of Kazakhstan and other states, whose parent organizations have a rating not lower than "BBB-" on the international scale of Standard & Poor's or a rating of an equivalent level from one of the other rating agencies		90%
6	Other assets – total, including:		x
6.1	refined precious metals and metal deposits		100%
6.2	claims against issuers of securities for payment of the nominal value of securities arising due to the expiration of their circulation period provided for by the securities prospectus (not overdue under the terms of the securities prospectus)		100%
7	Total high-liquid assets – HLA
8	Insurance reserves less the share of the Islamic reinsurer – IR
9	High-liquid assets adequacy ratio

Name ______	Address ______
Telephone ______
Email address ______

Executor ______ ______

last name, first name and patronymic (if any) signature, telephone

Chief accountant or person authorized to sign the report

---

last name, first name and patronymic (if any) signature, telephone

First head or person authorized by him to sign the report

---

last name, first name and patronymic (if any) signature, telephone

Date "____" ______ 20__ year

Appendix

to the form of the report on the fulfillment

of prudential standards

by an Islamic insurance

(reinsurance) organization

Explanation on filling out the form of administrative data

Report on the fulfillment of prudential standards by an Islamic insurance (reinsurance) organization

(index – 5-PN_M, periodicity – monthly)

Chapter 1. General provisions

1. This explanation defines uniform requirements for filling out the form intended for collecting administrative data "Report on the fulfillment of prudential standards by an Islamic insurance (reinsurance) organization" (hereinafter – the Form).

2. The Form is developed in accordance with paragraph 10-1 of Article 46 of the Law of the Republic of Kazakhstan dated December 18, 2000 "On Insurance Activity".

3. The Form is compiled by an Islamic insurance (reinsurance) organization monthly and is filled out as of the end of the reporting period.

4. The unit of measurement used when filling out the Form is established in thousands of tenge and in percent (to the second decimal place). An amount less than 500 (five hundred) tenge is rounded to 0 (zero), and an amount equal to 500 (five hundred) tenge and above is rounded to 1,000 (one thousand) tenge.

5. The Form is signed by the first head, chief accountant or persons replacing them, and the executor.

Chapter 2. Explanation on filling out the report on the fulfillment of prudential standards by an Islamic insurance (reinsurance) organization

6. For Table 1:

1) in line 1, the value of the solvency margin adequacy ratio is indicated;

2) in lines 1.1, 1.2, 1.3, 1.4, 1.5, 1.6, 1.7 and 1.8, the values for calculating the solvency margin adequacy ratio are indicated;

3) in line 13, information on the fulfillment of the high-liquid assets adequacy ratio is indicated ("yes" or "no"). The high-liquid assets adequacy ratio is not less than 1 (one). In case of non-compliance by the Islamic insurance (reinsurance) organization with the high-liquid assets adequacy ratio, the value of the ratio is set to "no".

7. When increasing the minimum size of the solvency margin by the amount of obligations transferred (to be transferred) to reinsurance under existing Islamic reinsurance contracts, when filling out Table 2, the minimum rating of the available ratings on the international or national scale of rating agencies Standard & Poor's, Moody's Investors Service, Fitch and A.M. Best, as well as their subsidiary rating organizations, is used.

8. For Table 3:

1) in line 1000, the calculated value of the minimum size of the solvency margin by the "premiums method" is indicated;

2) in line 2110, the amount of insurance payments accrued for the previous 3 (three) financial years is indicated according to the values of lines 2111, 2112 and 2113;

3) in lines 2210, 2310, 2320, the amount of the reserve for reported but unsettled losses is indicated;

4) in line 2000, the calculated value of the minimum size of the solvency margin by the "payments method" is indicated;

5) in line 3000, the largest value of the values specified in lines 1000 and 2000 is indicated.

6) in line 9000, the minimum size of the solvency margin for the reporting period is indicated;

7) in line 500, the value of the solvency margin adequacy ratio equal to the ratio of the actual solvency margin to the minimum size of the solvency margin (line 300/line 400) is indicated.

9. For Table 4:

1) in line 1000, the calculated value of the minimum size of the solvency margin for the classes "life insurance" and "annuity insurance" is indicated;

2) in line 3000, the calculated value of the minimum size of the solvency margin for these classes of Islamic insurance is indicated;

3) in line 8000, the minimum size of the solvency margin is indicated;

4) in line 500, the value of the solvency margin adequacy ratio equal to the ratio of the actual solvency margin to the minimum size of the solvency margin (line 300/line 400) is indicated.

10. For Table 5:

1) if a financial instrument meets two or more criteria established in Table 5, the category of the financial instrument is established by the Islamic insurance (reinsurance) organization independently;

2) in column 4, the balance sheet value as of the end of the last calendar day of the reporting period is indicated;

3) in line 12000, the amount of assets, taking into account their classification by quality and liquidity of the Islamic insurance (reinsurance) organization, calculated in accordance with paragraph 32 of the Regulatory Values and Methodologies for Calculating Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits, is indicated;

4) in line 13000, the amount of insurance reserves of the Islamic insurance (reinsurance) organization less the share of the Islamic reinsurer is indicated;

5) in line 15000, the actual solvency margin calculated taking into account the classification of assets by quality and liquidity, corresponding to the requirements of paragraph 31 of the Regulatory Values and Methodologies for Calculating Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits, is indicated.

11. For Table 6:

1) if a financial instrument meets two or more criteria established in Table 6, the category of the financial instrument is established by the Islamic insurance (reinsurance) organization independently;

2) in column 3, the balance sheet value as of the end of the last calendar day of the reporting period is indicated;

3) in line 8, the amount of insurance reserves of the Islamic insurance (reinsurance) organization less the share of the Islamic reinsurer is indicated;

4) in line 9, the high-liquid assets adequacy ratio equal to the ratio of high-liquid assets of the Islamic insurance (reinsurance) organization to insurance reserves less the share of the Islamic reinsurer is indicated.

Appendix 7

to the resolution of the Board

of the National Bank

of the Republic of Kazakhstan

dated "28" November 2019 No. 223

Form

Form intended for collecting administrative data

Submitted to: the National Bank of the Republic of Kazakhstan

The form of administrative data is posted on the internet resource: www.nationalbank.kz

Report on the calculation of the unforeseen risk reserve

by an Islamic insurance (reinsurance) organization

Index of the form of administrative data: 6-RNR-Q

Periodicity: quarterly

Reporting period: as of "____" ______ 20 ___ year

Circle of persons submitting: Islamic insurance (reinsurance) organization

Form

Table "Calculation of the unforeseen risk reserve by an Islamic insurance (reinsurance) organization"

(in thousands of tenge)

No.	Class of Islamic insurance	Share of net insurance premiums	Net insurance payments (B)	Amount of insurer's expenses for settling insurance losses (R)
1	2	3	4	5
1	Compulsory insurance
1.1	civil liability of owners of motor vehicles
1.2	civil liability of the carrier to passengers
1.3	insurance in crop production
1.4	insurance of civil liability of private notaries
1.5	environmental insurance
1.6	civil liability of audit organizations
1.7	tourist insurance
1.8	civil liability of owners of objects whose activity is associated with the danger of causing harm to third parties
1.9	insurance of an employee against accidents during the performance of his labor (official) duties
1.10	other types (classes) of Islamic insurance
2	Voluntary personal insurance
2.1	life insurance
2.2	annuity insurance, including:
2.2.1	Islamic pension annuity contracts concluded in accordance with the Law of the Republic of Kazakhstan of 21 June 2013 "On Pension Provision in the Republic of Kazakhstan"
2.2.2	Islamic annuity contracts concluded in accordance with the Law of the Republic of Kazakhstan of 7 February 2005 "On Compulsory Insurance of an Employee against Accidents during the Performance of His Labor (Official) Duties"
2.2.3	other types of annuity Islamic insurance
2.3	accident insurance
2.4	sickness insurance, including:
2.4.1	traveling abroad
2.5	other types (classes) of Islamic insurance
3	Voluntary property insurance
3.1	insurance of motor transport
3.2	insurance of railway transport
3.3	insurance of air transport
3.4	insurance of water transport
3.5	insurance of space objects
3.6	cargo insurance
3.7	property insurance, except for items 3.1-3.6
3.8	insurance of civil liability of owners of motor transport
3.9	insurance of civil liability of owners of air transport
3.10	insurance of civil liability of owners of water transport
3.11	insurance of civil liability of owners of space objects
3.12	professional liability insurance
3.13	civil liability insurance, except for the classes specified in items 3.8-3.12
3.14	mortgage insurance
3.15	insurance of guarantees and sureties
3.16	insurance against other financial losses
3.17	insurance of losses of financial organizations, except for the classes specified in items 3.14-3.16
3.18	title insurance
3.19	legal expenses insurance
3.20	other types (classes) of Islamic insurance
4	Total

continuation of the table

Net written insurance premiums (NWP)	Change in the unearned premium reserve excluding the share of the Islamic reinsurer (UPR)	Change in loss reserves excluding the share of the Islamic reinsurer (LR)	Unforeseen risks reserve (URR)
6	7	8	9

Name ______	Address ______
Telephone ______
Email address ______

Executor______ ______

surname, name and patronymic (if any) signature, telephone

Chief accountant or person authorized to sign the report

---

surname, name and patronymic (if any) signature, telephone

First head or person authorized by him to sign the report

---

surname, name and patronymic (if any) signature, telephone

Date "____" ______ 20__ year

Appendix

to the form of the report on calculating the unforeseen risks reserve

by an Islamic insurance (reinsurance) organization

Explanation on filling out the form of administrative data

Report on calculating the unforeseen risks reserve

by an Islamic insurance (reinsurance) organization

(index – 6-RNR-Q, frequency – quarterly)

Chapter 1. General provisions

1. This explanation defines uniform requirements for filling out the form intended for collecting administrative data "Report on calculating the unforeseen risks reserve by an Islamic insurance (reinsurance) organization" (hereinafter – the Form).

2. The Form has been developed in accordance with paragraph 10-1 of Article 46 of the Law of the Republic of Kazakhstan of 18 December 2000 "On Insurance Activity".

3. The Form is filled out by an Islamic insurance (reinsurance) organization quarterly. The unit of measurement used when filling out the Form is established in thousands of tenge and in percent (to the second decimal place). An amount less than 500 (five hundred) tenge is rounded to 0 (zero), and an amount equal to 500 (five hundred) tenge and above is rounded to 1,000 (one thousand) tenge.

4. The Form is signed by the first head, chief accountant or persons replacing them, and the executor.

Chapter 2. Explanation on filling out the report on calculating the unforeseen risks reserve by an Islamic insurance (reinsurance) organization

5. The Form is filled out for each class of Islamic insurance.

6. Column 3 indicates the share of net insurance premiums under effective Islamic insurance contracts for the class of Islamic insurance in the total volume of net insurance premiums under effective Islamic insurance contracts as of the reporting date.

7. Columns 4, 5, 6, 7, 8 indicate data for the last 12 (twelve) months preceding the reporting date.

Appendix 8

to the resolution of the Board

of the National Bank

of the Republic of Kazakhstan

of "28" November 2019 No. 223

Form

Form intended for collecting administrative data

Submitted to: the National Bank of the Republic of Kazakhstan

The form of administrative data is posted on the internet resource: www.nationalbank.kz

Report on calculating the stabilization reserve

by an Islamic insurance (reinsurance) organization

Index of the form of administrative data: 7-SR-Y

Frequency: annual

Reporting period: as of "____" ______ 20 ___ year

Circle of persons submitting: Islamic insurance (reinsurance) organization

Form

Table "Calculation of the stabilization reserve by an Islamic insurance (reinsurance) organization

(in thousands of tenge)

No.	Class of Islamic insurance	Loss ratio excluding the share of the Islamic reinsurer for the 1st financial year K (1)	Loss ratio excluding the share of the Islamic reinsurer for the 2nd financial year K (2)	Loss ratio excluding the share of the Islamic reinsurer for the 3rd financial year K (3)	Loss ratio excluding the share of the Islamic reinsurer for the i-th financial year K (i)	Loss ratio excluding the share of the Islamic reinsurer for the M-th financial year K (M)
1	2	3	4	5	6	7
1	Compulsory insurance
1.1	civil liability of owners of motor vehicles
1.2	civil liability of the carrier to passengers
1.3	insurance in crop production
1.4	insurance of civil liability of private notaries
1.5	environmental insurance
1.6	civil liability of audit organizations
1.7	tourist insurance
1.8	civil liability of owners of objects whose activity is associated with the danger of causing harm to third parties
1.9	insurance of an employee against accidents during the performance of his labor (official) duties
1.10	other types (classes) of Islamic insurance
2	Voluntary personal insurance	x	x	x	x	x
2.1	life insurance	x	x	x	x	x
2.2	annuity insurance, including	x	x	x	x	x
2.2.1	Islamic pension annuity contracts concluded in accordance with the Law of the Republic of Kazakhstan of 21 June 2013 "On Pension Provision in the Republic of Kazakhstan"	x	x	x	x	x
2.2.2	Islamic annuity contracts concluded in accordance with the Law of the Republic of Kazakhstan of 7 February 2005 "On Compulsory Insurance of an Employee against Accidents during the Performance of His Labor (Official) Duties"	x	x	x	x	x
2.2.3	other types of annuity Islamic insurance	x	x	x	x	x
2.3	accident insurance	x	x	x	x	x
2.4	sickness insurance, including:	x	x	x	x	x
2.4.1	traveling abroad
2.5	other types (classes) of Islamic insurance	x	x	x	x	x
3	Voluntary property insurance
3.1	insurance of motor transport
3.2	insurance of railway transport
3.3	insurance of air transport
3.4	insurance of water transport
3.5	insurance of space objects
3.6	cargo insurance
3.7	property insurance, except for items 3.1-3.6
3.8	insurance of civil liability of owners of motor transport
3.9	insurance of civil liability of owners of air transport
3.10	insurance of civil liability of owners of water transport
3.11	insurance of civil liability of owners of space objects
3.12	professional liability insurance
3.13	civil liability insurance, except for the classes specified in items 3.8-3.12
3.14	mortgage insurance
3.15	insurance of guarantees and sureties
3.16	insurance against other financial losses
3.17	insurance of losses of financial organizations, except for the classes specified in items 3.14-3.16
3.18	title insurance
3.19	legal expenses insurance
3.20	other types (classes) of Islamic insurance
4	Total

continuation of the table:

	Average value of the loss ratio for the reporting period excluding the share of the Islamic reinsurer	Standard deviation of the loss ratio for the reporting period excluding the share of the Islamic reinsurer Sk	Amount of net earned insurance premiums for the last financial year NEP	Stabilization reserve for the previous financial year SR1	Loss ratio for the reporting period excluding the share of the Islamic reinsurer less the average value of the loss ratio for the reporting period excluding the share of the Islamic reinsurer (K - )	Stabilization reserve as of the reporting date
	8	9	10	11	12	13
1
1.1
1.2
1.3
1.4
1.5
1.6
1.7
1.8
1.9
1.10
2	x	x	x	x	x	x
2.1	x	x	x	x	x	x
2.2	x	x	x	x	x	x
2.2.1	x	x	x	x	x	x
2.2.2	x	x	x	x	x	x
2.2.3	x	x	x	x	x	x
2.3	x	x	x	x	x	x
2.4	x	x	x	x	x	x
2.4.1	x	x	x	x	x	x
2.5	x	x	x	x	x	x
3
3.1
3.2
3.3
3.4
3.5
3.6
3.7
3.8
3.9
3.10
3.11
3.12
3.13
3.14
3.15
3.16
3.17
3.18
3.19
3.20
4

Name ______	Address ______
Telephone ______
Email address ______

Executor______ ______

surname, name and patronymic (if any) signature, telephone

Chief accountant or person authorized to sign the report

---

surname, name and patronymic (if any) signature, telephone

First head or person authorized by him to sign the report

---

surname, name and patronymic (if any) signature, telephone

Date "____" ______ 20__ year

Appendix

to the form of the report on calculating

the stabilization reserve by an Islamic

insurance (reinsurance) organization

Explanation on filling out the form of administrative data

Report on calculating the stabilization reserve

by an Islamic insurance (reinsurance) organization

(index – 7-SR-Y, frequency – annual)

Chapter 1. General provisions

1. This explanation defines uniform requirements for filling out the form intended for collecting administrative data "Report on calculating the stabilization reserve by an Islamic insurance (reinsurance) organization" (hereinafter – the Form).

2. The Form has been developed in accordance with paragraph 10-1 of Article 46 of the Law of the Republic of Kazakhstan of 18 December 2000 "On Insurance Activity".

3. The Form is filled out by an Islamic insurance (reinsurance) organization annually. Data in the Form are filled out in thousands of tenge. An amount less than 500 (five hundred) tenge is rounded to 0 (zero), and an amount equal to 500 (five hundred) tenge and above is rounded to 1,000 (one thousand) tenge.

4. The Form is signed by the first head, chief accountant or persons replacing them, and the executor.

Chapter 2. Explanation on filling out the Form

5. The Form is filled out for each class of Islamic insurance, except for the classes "accident insurance", "sickness insurance", "compulsory tourist insurance", "life insurance", "annuity insurance".

6. Columns 3, 4, 5, 6 and 7 indicate the values of the loss ratio for the reporting period excluding the share of the Islamic reinsurer, for the i-th financial year.

7. Column 8 indicates the average value of the loss ratio for the reporting period excluding the share of the Islamic reinsurer.

8. Column 9 indicates the standard deviation of the loss ratio for the reporting period excluding the share of the Islamic reinsurer.

9. Column 10 indicates the amount of net earned insurance premiums for the last financial year.

10. Column 11 indicates the stabilization reserve for the previous reporting date.

11. Column 12 indicates the loss ratio for the reporting period excluding the share of the Islamic reinsurer, reduced by the average value of the loss ratio for the reporting period excluding the share of the Islamic reinsurer.

Appendix 9

to the resolution of the Board

of the National Bank

of the Republic of Kazakhstan

of "28" November 2019 No. 223

Rules for submitting reports on compliance with prudential standards by an insurance (reinsurance) organization, an insurance group and an Islamic insurance (reinsurance) organization

1. These Rules for submitting reports on compliance with prudential standards by an insurance (reinsurance) organization, an insurance group and an Islamic insurance (reinsurance) organization have been developed in accordance with paragraphs 10 and 10-1 of Article 46 of the Law of the Republic of Kazakhstan of 18 December 2000 "On Insurance Activity" and determine the procedure for submitting reports on compliance with prudential standards by an insurance (reinsurance) organization, an insurance group and an Islamic insurance (reinsurance) organization to the National Bank of the Republic of Kazakhstan (hereinafter – the National Bank).

2. An insurance (reinsurance) organization, an insurance group and an Islamic insurance (reinsurance) organization submit to the National Bank reports on compliance with prudential standards in electronic format.

Reports on compliance with prudential standards as of the reporting date on paper are signed by the first head, chief accountant or persons replacing them, and the executor of the insurance (reinsurance) organization, the parent organization of the insurance group and the Islamic insurance (reinsurance) organization and are stored in the insurance (reinsurance) organization, the parent organization of the insurance group and the Islamic insurance (reinsurance) organization.

The identity of the data of the reports on compliance with prudential standards submitted in electronic format to the data on paper is ensured by the first head, chief accountant or persons replacing them, of the insurance (reinsurance) organization, the parent organization of the insurance group and the Islamic insurance (reinsurance) organization.

3. The report on compliance with the standard of sufficiency of the solvency margin of the insurance group is accompanied by information on the standard values, the methodology for calculating the prudential standards of participants of the insurance group that are non-residents of the Republic of Kazakhstan, established by regulatory legal acts of the authorized body of the corresponding state regulating their activity in the country of their location.

4. The unit of measurement used when compiling reports on compliance with prudential standards by an insurance (reinsurance) organization, an insurance group and an Islamic insurance (reinsurance) organization is established in thousands of tenge. An amount less than 500 (five hundred) tenge in the report is rounded to 0 (zero), and an amount equal to 500 (five hundred) tenge and above is rounded to 1,000 (one thousand) tenge.

The standards of sufficiency of highly liquid assets, solvency margin and standards of diversification of assets covering insurance reserves are rounded to hundredths. If the rounded value of the standards of sufficiency of highly liquid assets and solvency margin is less than 1 (one) or the rounded value of the diversification standards is higher than the values established by paragraph 42 of the Standard Values and Methodology for Calculating Prudential Standards of an Insurance (Reinsurance) Organization and an Insurance Group and Other Mandatory Norms and Limits established by resolution of the Board of the National Bank of the Republic of Kazakhstan of 26 December 2016 No. 304 "On establishing standard values and methodology for calculating prudential standards of an insurance (reinsurance) organization and an insurance group and other mandatory norms and limits, the list, forms, deadlines for submitting reports on compliance with prudential standards by insurance (reinsurance) organizations and insurance groups, the Rules for submitting reports on compliance with prudential standards by insurance (reinsurance) organizations and insurance groups, requirements for shares (participatory interests in the charter capital) of legal entities acquired by insurance (reinsurance) organizations, subsidiary organizations of insurance (reinsurance) organizations or insurance holdings, the list of bonds of international financial organizations acquired by insurance holdings, the minimum required rating for bonds acquired by insurance holdings, and the list of rating agencies, as well as the list of financial instruments (except for shares and participatory interests in the charter capital) acquired by insurance (reinsurance) organizations", registered in the Register of State Registration of Regulatory Legal Acts under No. 14794, and paragraph 37 of the Standard Values and Methodologies for Calculating Prudential Standards of an Islamic Insurance (Reinsurance) Organization and Other Mandatory Norms and Limits established by resolution of the Board of the National Bank of the Republic of Kazakhstan of 31 January 2019 No. 14 "On establishing standard values and methodologies for calculating prudential standards of an Islamic insurance (reinsurance) organization and other mandatory norms and limits, the list, forms, deadlines for submitting reports on compliance with prudential standards by Islamic insurance (reinsurance) organizations, the Rules for submitting reports on compliance with prudential standards by Islamic insurance (reinsurance) organizations, requirements for shares (participatory interests in the charter capital) of legal entities acquired by Islamic insurance (reinsurance) organizations, subsidiary organizations of Islamic insurance (reinsurance) organizations, as well as the list of financial instruments (except for shares and participatory interests in the charter capital) acquired by Islamic insurance (reinsurance) organizations",
registered in the Register of State Registration of Regulatory Legal Acts under No. 18293, then the said standards are considered violated.

5. An insurance (reinsurance) organization, an Islamic insurance (reinsurance) organization daily monitor rating assessments for each security, issuer, reinsurance organization, Islamic reinsurance organization, second-tier bank, as well as the category of securities of the joint-stock company "Kazakhstan Stock Exchange" (hereinafter – the stock exchange). When making calculations and submitting reports, the rating assessment and category of securities of the stock exchange as of the end of the reporting period are used.

6. If the deadline for submitting reports on compliance with prudential standards falls on a weekend (holiday) day, then the date of submission of reports on compliance with prudential standards is considered the next working day.

7. Reports containing errors, corrections and erasures are not accepted by the National Bank and are subject to return.