The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan published a reminder to second-tier banks, microfinance organisations and other entities that perform certain types of banking operations about the treatment of insurance sold alongside lending, including a new statutory cap on insurance agent commissions. Under amendments introduced by a law signed on 30 June 2025, the commission payable to these entities when acting as insurance agents on insurance contracts linked to their loans and microcredits will be limited to up to 10% of the insurance premium. The agency also stressed that lenders must not force insurance requirements and cannot restrict a borrower’s choice of insurer, describing this as a voluntary insurance product whose terms are set out in the insurance contract by agreement of the parties; borrowers were advised to review policy terms carefully, including the insurance premium and agent commission, and to approach another insurer if they disagree with the offered conditions. The law enters into force on 31 August 2025.

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