On suspending mutual insurance licence

The Bank of Russia suspended the mutual insurance licence issued to Mutual Insurance Company VZAIMNAYA OHRANA, non-profit organisation (registration number in the unified state register of insurance agents 4287).

The decision is taken due to the avoidance on the part of Mutual Insurance Company VZAIMNAYA OHRANA, non-profit organisation, of receiving Bank of Russia instructions and becomes effective from the day it is published in the Bank of Russia Bulletin.

Suspended licence of the insurance agent shall mean a prohibition on entering into new insurance contracts, and also on amending respective contracts resulting in increase in the existing obligations of the insurance agent. The insurance agent shall accept applications on the occurrence of insured events and perform obligations.

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03.04.2015 00.00.00