Monitoring of the Federal Legislation dated 27.12.2001

Order of the Ministry of Finance of the Russian Federation No. 88n of October 24, 2001 on the Implementation of the Decision of the Government of the Russian Federation No. 489 of June 30, 2001

Defines the procedure of consideration by the Ministry of Finance of the Russian Federation of appeals of enterprises and organizations to write off overdue and extended debts, penalties and fines in state credits in foreign currencies and tied foreign credits obtained to the guarantees of the Government of the Russian Federation to purchase equipment for modernization of production and fulfill the state order.
The payments transferred after this date to fulfill obligations under credit contracts are counted in as fulfillment of obligations, with the fines envisaged by credit contracts for untimely fulfillment of obligations by the debtor not being accrued for the amount of the restructured debt from December 28, 2000. The Order lists the documents presented by debtors to the Ministry of Finance of the Russian Federation.
Registered in the Ministry of Justice of the Russian Federation on December 21, 2001. Reg. No. 3113.

Order of the Ministry of Finance of the Russian Federation No. 90n of November 2, 2001 on the Endorsement of the Regulation on the Procedure of Calculation by Insurers of the Normative Correlation of Assets and Assumed Insurance Obligations

Sets forth the method of calculation of insurer solvency margin on the basis of the data of accounting records and reports. Before December 31, 2002, insurers must bring the correlation between the assets and assumed insurance obligations in compliance with the endorsed Regulation.
The Regulation does not apply to operations in obligatory medical insurance.
Registered in the Ministry of Justice of the Russian Federation on December 21, 2001. Reg. No. 3112.

Decision of the Social Insurance Fund of the Russian Federation No. 102 of October 24, 2001 on the Endorsement of the Methodology Directions on the Procedure of Assigning, Carrying Out of On-Site Documentary Checks of Insurers under Obligatory Social Insurance against Industrial Accidents and Occupational Diseases and of Taking Measures after Them

Defines the uniform requirements to the assigning, carrying out by the divisions of the Social Insurance Fund of the Russian Federation and their branches of on-site documentary checks of insurers, to the drawing up and form of acts of the checks, as well as to the procedure of taking decisions as a result of consideration of the materials of the checks. Specifies the criteria of selection of insurers for the checks, in particular, absence of regularity in submission of the estimate sheet by the insurer or a sharp change of the amounts of payments in favor of the workers in cases of a stable payroll. The time limit of the check may not be greater than two months. The check may cover a finished reporting period of the current year and two immediately preceding calendar years of work of the insurer (not more than three years in total).
Registered in the Ministry of Justice of the Russian Federation on December 19, 2001. Reg. No. 3093.