OREANDA-NEWS. By its Order No. OD-868, dated 22 April 2015, the Bank of Russia suspended the insurance licence of the open joint-stock company Insurance Company MRSK (registration number in the unified state register of insurance agents 0776).

The decision is taken due to the insurance company's failure to duly meet the Bank of Russia instruction, particularly, financial stability and solvency requirements in terms of creating insurance reserves, procedure and conditions to invest equity and insurance reserve funds. 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.

By its Order No. OD-869, dated 22 April 2015, the Bank of Russia appointed a provisional administration to the insurance company open joint-stock company Insurance Company MRSK (location: 33/13 Bolshaya Yakimanka Street, Moscow, 119049; TIN 1831036400, PSRN 1021801140976).

The powers of the executive bodies of the insurance company are suspended.

Vladislav Polosukhin (mailing address: 3 Gurieva Street, apt. 32, the town of Ramenskoe, the Ramenskiy District, the Moscow Region, 140100), receiver, member of non-profit partnership Self-Regulatory Receiver Organisation 'Interregional Centre of Experts and Professional Receivers' (101-V, Prospekt Mira, Moscow, 129085), has been appointed as a head of the provisional administration.