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Daily Monitoring of the Legislation

Monitoring of the Federal Legislation dated 12.11.2002

Decision of the Government of the Russian Federation No. 790 of November 1, 2002 on the Quotas for the Temporary Residence Permissions Issued to Foreign Citizens and Stateless Persons

Sets forth the procedure of distribution of the quota for 439080 temporary residence permissions to foreign citizens and stateless persons in the Russian Federation for the year 2003.
The Ministry of Internal Affairs of the Russian Federation is ordered to introduce on the annual basis beginning with 2003 no later than November 1 to the Government of the Russian Federation proposals on the endorsement of the mentioned quota for the subsequent year.

Letter of the Ministry of Finance of the Russian Federation No. 24-08/13-1 of November 4, 2002 on the Procedure of Application by Insurance Organizations of the Rules of Forming of Insurance Reserves in Other Than Life Insurance Endorsed by the Order of the Ministry of Finance of the Russian Federation No. 51n of June 11, 2002

Explains the procedure of submission to the Ministry of Finance of the Russian Federation of regulations on the forming of insurance reserves in other than life insurance endorsed by the heads of insurance organizations.
If the composition of insurance reserves and the list of methods used to calculate the insurance reserves comply with the Order of the Ministry of Finance of the Russian Federation No. 51n of June 11, 2002, the regulation is submitted according to the notification procedure and is applied by the insurance organization from January 1, 2003.
If the composition of insurance reserves and/or list of methods used to calculate the insurance reserves are different from those specified in the Order, the regulation is submitted no later than 90 days in advance of the beginning of the subsequent reporting year. In this case, a cover letter must be attached describing the changes in the composition of insurance reserves and/or other methods of calculation, as well as economic substantiation of the mentioned changes. The regulation must be coordinated with the Ministry of Finance of the Russian Federation and is applied by the insurance organization from January 1 of the reported year following the year of coordination.

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