On April 29, 2025, the President of the Kyrgyz Republic signed Law No 89 “On Insurance and Insurance Activities”.
The Law defines the main provisions for the implementation of insurance as a type of entrepreneurial activity, the features of the creation, licensing, regulation, termination of the activities of insurance (reinsurance) organizations, the conditions for the activities of other individuals and legal entities in the insurance market, the tasks of state regulation of the functioning of the insurance market and relations for the implementation of control and supervision over the activities of insurance market participants.
The law does not regulate relations related to compulsory social health insurance and compulsory social insurance.
The law comes into force six months after the date of official publication.
