Bank of Russia Restricted Licence of Railway Insurance Company ZHASKO
This decision was taken due to the expulsion of the insurance company from the National Association of Liability Insurers and becomes effective the day it is published in the Bank of Russia Bulletin.
The restriction of the insurer's licence prohibits the company from concluding contracts of certain types of insurance and reinsurance, and from introducing amendments, resulting in the increase in the insurer's obligations, in the respective contracts.
The insurance company must accept notifications of claim and meet its obligations.
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