On suspending insurance licence

By its Order No. OD-1825, dated 30 July 2015, the Bank of Russia suspended the insurance licence of Equipe Insurance Company, limited liability company (registration number in the unified state register of insurance agents is 3543).

The decision is taken due to the failure of Equipe Insurance Company, limited liability company, to execute Bank of Russia instruction, namely, due to its non-compliance with requirements of financial sustainability and solvency with respect to securing insurance reserves, on the procedure and conditions to invest capital and insurance reserve. The decision becomes effective the day it is published in the Bank of Russia Bulletin.

Suspended licence 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 the occurrence of insured events and perform obligations.

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30.07.2015 00.00.00