Activities of provisional administration of LLC National Insurance Group — ROSENERGO

From 30 November 2020 to the present day, the provisional administration¹ to manage LLC National Insurance Group — ROSENERGO (hereinafter, the Insurance Company) has been performing its functions amid the obstruction of its activities by the Insurance Company’s officials, who have failed to provide valuables, accounting statements and other documents, including insurance contracts and accountable forms, and access to databases.

The Insurance Company’s officials have not presented information (documents) confirming labour relations with employees and insurance agents, thus making it impossible to pay them in accordance with the Russian legislation.

Moreover, the provisional administration has been denied access to the Insurance Company’s website (https://nsg-rosenergo.ru). At the moment, the said website is still available online and continues to mislead the Insurance Company’s clients.

The provisional administration has forwarded information on the illegal actions to law enforcement agencies for consideration and procedural decision-making.

¹The provisional administration was appointed by Bank of Russia Order No. OD-1974, dated 30 November 2020, following the suspension of the Insurance Company’s insurance licences; the powers of the sole executive body of the Insurance Company were also suspended. Insurance licences of the Insurance Company were revoked by Bank of Russia Order No. OD-2003, dated 3 December 2020.

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