On appointment of provisional administration to insurance company

The Bank of Russia took a decision to appoint a provisional administration to the insurance company open joint-stock company Russian Insurance Transport Company (registration number in the unified state register of insurance agents is 1852, location: 7/15 Engelsa Street, Khimki, Moscow Region, 141400, TIN 7717013599, PSRN 1037739134487, hereinafter, the Company) for a period of six months.

The powers of the executive bodies of the Company are suspended.

The provisional administration is appointed to implement measures aimed at restoring the solvency of the Company and addressing problems under applicable Russian legislation.

Sergey M. Malakhov (mailing address: 12 Musorgskogo Street, office 224, Tver, 170005), member of the non-profit partnership Self-Regulatory Organisation of Receivers GARANTIYA (address: 9 Dunaeva Street, Nizhny Novgorod, 603024), has been appointed as a head of the provisional administration.

The Bank of Russia has sent representatives of its Insurance Market Department to exercise control over the activities of the Company and provisional administration.

During the work of the provisional administration, the Company carries out its business activity, takes out insurance contracts and fulfills its obligations under insurance contracts in compliance with the requirements of Russian legislation, an applicable licence, the provisions of insurance contracts and insurance rules.

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13.01.2015 00.00.00