OREANDA-NEWS. January 27, 2011. Moscow Arbitration Court considered the matter in the action of Ingosstrakh OJSIC against Alt LLC for the indebtedness under the agreement of agencies provision for concluding of insurance contracts. The court answered the claims in full scale and adopted the decision to collect 870,645.06 rubles from Alt LLC in favor of the insurer, and also obligated responder to provide Ingosstrakh OJSIC strict security forms, delivered to responder for insurance contracts signing.

The proceedings were initiated by Ingosstrakh OJSIC in view of improper execution of agency agreement terms by non-insurance agent Alt LLC.

It is a reminder that on the April 1, 2008, Ingosstrakh OJSIC and Alt LLC have concluded an agreement on provision of agency services for the insurance contracts concluding. The subject of agreement was execution by an agent, on behalf of and at the expense of Ingosstrakh OJSIC, activities, aimed at the conclusion of insurance contracts by Russian and foreign individuals and juridical persons. In accordance with this document Alt LLC was bounded to deliver Ingosstrakh OJSIC, on a monthly basis, information about all signed contracts of insurance, as well as receive insurance premiums from policyholders and transfer it, on a monthly basis, on account of Ingosstrakh OJSIC in whole or after deduction agent emolument.

In February 2010 a contract with Alt LLC was broken, and in the spring of 2010 Moscow Arbitration Court considered the first matter in the action of Ingosstrakh OJSIC for the collection of indebtedness from the agent. The court considered that fact of indebtedness was document supported and insurer requirements were lawful and subject to satisfaction, stating that Alt LLC in violation of Art. 309, 310 of the Civil Code, has not fulfilled obligations. The court decided to collect 15,322,017 rubles 81 kopecks from the agent in favor of the insurer. In December 2010 Moscow Arbitration Court considered the second matter in the action of Ingosstrakh OJSIC to collect the indebtedness from the agent under the contract. By judicial decision, Alt LLC is bounded to pay the insurer 870,645.06 rubles, and to transfer Ingosstrakh OJSIC strict security forms.

In addition of indebtedness collection, Ingosstrakh OJSIC will also procure the institution of criminal cases against officials of all insurance brokers and agents who violate their commitments on transfer of insurance premiums under the contracts concluded and on the return transfer of strict security forms.