On suspending insurance licence

By its Order No. OD-3792, dated 29 December 2015, the Bank of Russia suspended the insurance licence of Strakhovye Investitsii, limited liability company (registration number in the unified state register of insurance agents 3928).

The decision is taken due to the insurer’s failure to duly meet the Bank of Russia instruction, particularly, a failure to remove violations of financial stability and solvency requirements, the procedure and conditions for investing equity capital and insurance reserves.

The decision becomes effective the day it is published in the Bank of Russia Bulletin.

The suspension of licence prohibits the insurance agent from entering into new contracts of insurance and introducing amendments resulting in increase in insurance agent’s obligations under the current contracts.

The insurance company must accept notifications of claim and meet its obligations.

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29.12.2015 00.00.00