On October 12, NAPP revoked the license of Unipolis company, which was registered in January 1996 and had charter capital of UZS 20 billion (~EUR 1.53 million).
On October 30, a decision was made to revoke the license of Farovon Sug’urta, which has been operating since April 2018 and provides life insurance, health insurance, travel insurance and other services. The company's charter capital is UZS 16 billion (~EUR 1.22 million).
As of October 31, the license of Sharq-Sug'urta, registered in April 2019 with charter capital of UZS 46 billion (~EUR 3.52 million), was revoked. The company provides accidents insurance, civil liability insurance for vehicle owners and other services.
On November 3, the agency voluntarily revoked the license of Asko-Vostok, which has been operating since 1991, has charter capital of UZS 35.2 billion (~EUR 2.69 million) and provides more than 14 types of insurance services.
As NAPP noted, the insurance companies are obliged to fulfill their obligations under previously concluded insurance contracts.
At the same time, the agency previously fined eight insurance companies for violating prudential standards in the amount of UZS 254.5 million, the source added.
*EUR 1 = UZS 13064,44 (12.11.2023)
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