Central bank has limited license MTPL Uralsib

The central bank has limited license MTPL Uralsib

The Bank of Russia on Thursday restricted the license of the insurance group “Uralsib” in the MTPL insurance. As it became known from the regulator, the decision was made after default, the requirements of the CBR.

Now, “Uralsib” forbidden to enter into contracts for certain types of insurance, reinsurance and amendment of previously concluded contracts changes that increase the liabilities of the insurer.

However, this does not relieve insurance group from the obligation to make statements about the occurrence of insured events, and perform its obligations under it.

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