On suspending insurance licence

By its Order No. OD-347, dated 12 February 2015, the Bank of Russia suspended the insurance licence of ROST Insurance Company, limited liability company (registration number in the unified state register of insurance agents 0384).

The decision is taken due to the insurance agent’s failure to perform Bank of Russia instructions in due course and becomes effective the day it is published in a printed media.

The suspension of the licence held by the insurance agent means prohibition to enter into insurance contracts as well as prohibition of amendments to relevant contracts, leading to the increase of the insurance agent’s obligations.

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13.02.2015 00.00.00