On suspending licence to perform mediation activity as insurance broker

By its Order No. OD-1534, dated 2 July 2015, the Bank of Russia suspended a licence to perform mediation activity as an insurance broker of Marinshur Insurance Broker, limited liability company (registration number in the unified state register of insurance agents is 4119).

The decision is taken due to the avoidance of the insurance broker to receive a Bank of Russia instruction issued due to the failure to submit data on insurance brokerage (Form No. 1 — Broker) for 2014 in a hard copy original. The decision becomes effective the day it is published in the Bank of Russia Bulletin.

Suspended licence shall mean a prohibition on entering into new insurance broker contracts and also on amending respective contracts resulting in increase in the existing obligations.

The insurance agent is given 5 calendar days to implement corrective actions starting from the day the order becomes effective.

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02.07.2015 00.00.00