Legal basis for harmonization of insurance legislation in the conditions of the EAEU

M. Bayan, D.A. Ospanova, Olga A. Plotskaya

2023

Full text Open access: Gold Metadata (CSL-JSON)
DOI 10.32523/2616-6844-2023-145-4-171-182
Data confidence 70 medium
How this score is calculated

It is built from checkable properties of the record itself: whether the article has a DOI, how many independent sources confirmed its data, whether the required fields are filled in, and how recent the latest confirmation is. Disagreement between sources and a missing identifier lower it. A value of 80 or above means the record was published without further checking; 60 to 79 means it is published at reduced confidence, with a manual check advisable. A record verified by an editor by hand is never pushed below 90 by a recalculation. This scores our data about the article, not the article itself.

Abstract

Within the framework of this article, the issues of transformation of the insurance legislation of the Republic of Kazakhstan in connection with the harmonization of the legislation of the member states of the Eurasian Economic Union (hereinafter – EAEU) are considered. In accordance with the legislation of the EAEU, it is planned to form a common financial market within the EAEU. In this regard, regulatory legal acts regulating public relations in the banking sector, the insurance market and the securities market will be brought into uniform compliance. To achieve the concluded contractual obligations within the framework of the EAEU, Kazakhstan is improving insurance legislation. The author summarizes the regulatory legal framework for the harmonization of insurance legislation, makes conclusions and suggestions for improving the insurance legislation of the Republic of Kazakhstan.The analysis of the legal basis for the harmonization of insurance legislation in the EAEU is important for determining the main directions for improving the insurance legislation of the Republic of Kazakhstan. When harmonizing the insurance legislation of the R epublic of Kazakhstan w ith the relevant legislation of the ECO member countries, it is necessary to take into account the national insurance policy.