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RUSSIA: Central Bank revoked the licenses of three insurance companies
29 February 2016 —
RIA Novosti reports that the regulator website reported that the Bank of Russia revoked the license for insurance activity for companies "Agros", "Garant-Invest" and the capital of insurance and reinsurance center. Clarifies that licenses were revoked due not resolved within a reasonable time violations of the insurance legislation. The Company did not comply with the order and conditions of the investment of their funds, and funds of insurance reserves. Read the full story RUSSIA: Central Bank revoked the licenses of three insurance companies