On suspending licence to perform mediation activity as insurance broker

By its Order No. OD-425, dated 24 February 2015, the Bank of Russia suspended the licence to perform mediation activity as an insurance broker of Insurance Broker MIRT, limited liability company (registration number in the unified state register of insurance agents 4178).

This decision is taken due to the insurance broker’s avoidance to receive the Bank of Russia instruction and becomes effective the day it is published in a printed media.

The suspension of licence prohibits the insurance broker from entering into new insurance broker service agreements and introducing amendments resulting in increase in obligations under the corresponding agreements.

The suspension of licence does not entail the termination of current insurance broker service agreements.

The insurance agent must rectify the revealed violations within 10 days after the Order comes into force.

The reference to the Press Service is mandatory if you intend to use this material.

24.02.2015 00.00.00