On suspending insurance licence of insurance agent

By its Order No. OD-1387, dated 18 June 2015, the Bank of Russia suspended an insurance licence of EUROSTRAHOVANIE Insurance Company, limited liability company (registration number in the unified state register of insurance agents is 3704).

The decision is taken due to the failure of EUROSTRAHOVANIE Insurance Company, limited liability company, to duly meet the Bank of Russia instruction, particularly, financial stability and solvency requirements in terms of creating insurance reserves and capital with eligible assets. The decision becomes effective 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 company shall accept applications on occurrence of insured events and perform obligations.

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18.06.2015 00.00.00