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GAAP.RUNewsMore than half of Russia’s insurers are under threat of temporary administration

More than half of Russia’s insurers are under threat of temporary administration

Publication date: 24 May 2010

The Ministry of Finance and the Federal Insurance Supervision Service of Russia are discussing amendments to the law that provides imposition of temporary administration to insurance companies which are not meeting their obligations.

The Ministry of Finance and the Federal Insurance Supervision Service of Russia are discussing amendments to the law that provides imposition of temporary administration to insurance companies (insurers) which are not meeting their obligations or are violating financial stability standards.