On restricting licence

Bank of Russia Order No. OD-3500, dated 12 December 2014, restricted the insurance licence to carry out compulsory motor third-party liability insurance issued to Alliance, open joint-stock company (registration number in the unified state register of insurance agents 0290).

This decision is taken due to the non-fulfillment of the Bank of Russia order and becomes effective from the day of its official publication.

Restricted insurance licence means a prohibition to conclude insurance contracts on certain types of insurance, to conclude reinsurance contracts, and also introduction of changes in respective contracts implying increase in insurer’s obligations. The insurance organisation is obliged to accept applications on occurred insured events and to fulfil its obligations.

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15.12.2014 00.00.00