Article 18. Status and assets of the Foundation of the Law on Compulsory Social Health Insurance

Home / RLA / Article 18. Status and assets of the Foundation of the Law on Compulsory Social Health Insurance

1. The Foundation is a non-profit organization in the organizational and legal form of a joint-stock company, the sole founder and shareholder of which is the Government of the Republic of Kazakhstan.

2. The bodies of the Foundation are:

1) the supreme body is the sole shareholder;

2) the governing body is the Board of Directors;

3) the executive body is the Management Board;

4) other bodies in accordance with the foundation's charter.

3. The Fund creates an internal audit service.

4. The fund's assets are formed by:

1) deductions, contributions, penalties received for late payment of deductions and (or) contributions, investment income less commission to ensure the activities of the fund;

1-1) budget funds allocated to pay for the services of healthcare entities for the provision of medical care in the system of compulsory social health insurance to military personnel, employees of special state and law enforcement agencies , civil protection agencies

2) other receipts to the fund that are not prohibited by the legislation of the Republic of Kazakhstan.

5. The fund's assets are accumulated in a current account opened with the National Bank of the Republic of Kazakhstan and can be used exclusively for the following purposes:

1) transfers to the fund's cash control account opened at the state Treasury for further payment for services provided by healthcare entities;

2) placement in financial instruments;

3) refund of overpaid amounts of deductions and (or) contributions, and other erroneously credited funds.

5-1. Budgetary funds allocated to the fund for a guaranteed amount of free medical care are credited to a cash control account opened at the State Treasury.

State contributions to compulsory social health insurance for persons specified in paragraph 1 of Article 26 of this Law and transfers to pay for the services of healthcare entities to provide medical care in the compulsory social health insurance system to military personnel, employees of special state and law enforcement agencies, and civil protection agencies are credited to a current account opened with the National Bank of the Republic of Kazakhstan.

6. The Fund's assets and budget funds allocated for a guaranteed amount of free medical care may not be:

1) the subject of the pledge;

2) recovered at the request of creditors;

3) the subject of seizure or other encumbrance of property;

4) collected by a collection order for the obligations of the fund and third parties;

5) transferred to trust management, except for the cases provided for in Article 21 of this Law;

6) the subject of ensuring the fulfillment of a tax obligation that has not been fulfilled on time.

The Law of the Republic of Kazakhstan dated November 16, 2015 No. 405-V SAM.

This Law regulates public relations arising in the system of compulsory social health insurance in order to implement the constitutional right of citizens to health protection.

President

Republic of Kazakhstan

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