OREANDA-NEWS. By its Order No. OD-1759, dated 23 July 2015, the Bank of Russia suspended an insurance licence of the Financial Insurance Company Slavyanka, limited liability company (registration number in the unified state register of insurance agents is 3682).

The decision is taken due to the failure of the Financial Insurance Company Slavyanka, limited liability company, to execute Bank of Russia instructions in a proper manner, namely, due to noncompliance with the requirements to financial sustainability and solvency with respect to covering of insurance reserves and equity with eligible assets, and becomes effective from the day it is published in the Bank of Russia Bulletin.

Suspended licence of the insurance agent shall mean a prohibition on entering into insurance contracts, and also on amending respective contracts, resulting in increase in the obligations of the insurance agent. The insurance agent shall accept claims on the insured events and perform obligations.