Press release

On July 19, 2021, a meeting of Working Groups was held through Zoom to conduct a functional review of the legislation regulating valuation and insurance activities in terms of determining the amount of damage caused to a vehicle as a result of a road accident, and to conduct a functional review of the legislation regulating valuation activities and forensic examination with the participation of representatives of authorized bodies and valuation community.

        Issues were discussed on the expediency of transferring the authority to value assessment of extend of damage caused to a vehicle as a result of an road accident carried out by an adjuster to an appraiser and the exclusion of functions for determining market and other values from forensic experts.

        An agreed decision was made to conduct analytical work on the number of disputes arising due to disagreement with the calculation of the extend of damage caused to the vehicle as a result of the accident, and to analyze the number and cause of disputes arising due to disagreement on the cost of the object carried out by appraisers and forensic experts.

        It was decided to send specific proposals on making appropriate amendments to the legislation submitted by the Chamber of Appraisers "Commonwealth of Appraisers of Kazakhstan" to the Ministry of Justice of the Republic of Kazakhstan for legal expertise.