On suspending insurance licence

By its Order No. OD-1391, dated 18 June 2015, the Bank of Russia suspended an insurance licence of the National Insurance House, limited liability company (registration number in the unified state register of insurance agents is 1259).

This decision is taken due to the failure of the insurance agent to duly meet Bank of Russia instructions, including financial stability and solvency requirements in terms of creating insurance reserves, procedure and conditions to invest equity and insurance reserve funds. 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. The insurance agent shall accept applications on occurrence of insured events and perform obligations.

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18.06.2015 00.00.00