Central Bank revoked the licenses of three insurance companies

25 February 2016, 12:39 | Russia
photo JustMedia
Text Size:

RIA Novosti reports that the regulator website reported that the Bank of Russia revoked the license for insurance activity for companies "Agros", "Garant-Invest" and the capital of insurance and reinsurance center. Clarifies that licenses were revoked due not resolved within a reasonable time violations of the insurance legislation. The Company did not comply with the order and conditions of the investment of their funds, and funds of insurance reserves.

In addition, the insurance company "Garant-Invest" does not comply with the procedure for the formation of insurance reserves. It is reported that the central bank also suspended the licenses of five insurance companies, "Invest-reserve", "Gala", "National Insurance House", "height" and the insurance company Borovitsky. These companies are temporarily unable to enter into insurance contracts, but for them to remain the obligation to pay compensation for an insured event occurs.




Add a comment
:D :lol: :-) ;-) 8) :-| :-* :oops: :sad: :cry: :o :-? :-x :eek: :zzz :P :roll: :sigh:
 Enter the correct answer