OREANDA-NEWS. August 12, 2013. The Federal Antimonopoly Service (FAS Russia) held administratively liable “Rosgosstrakh” Ltd. and imposed a fine – 300,000 Rubles – for submitting incorrect information (in breach of Part 5 Article 19.8 of the Code of the Russian Federation on Administrative Violations). The decision was issued following the outcome of an administrative investigation of the administrative case initiated upon signs of “Rosgosstrakh” Ltd. presenting incorrect information upon a FAS request.

The request was made upon numerous petitions form physical persons to FAS complaining about actions of insurance agents and insurer’s employees who refused to conclude agreements for mandatory civil liability insurance of vehicle owners (OSAGO) without concluding additional voluntary insurance agreements.

Petitioners stated that representatives of “Rosgosstrakh” Ltd. informed them about an “inner order”, under which OSAGO policies could only be sold together with “RGS Fortuna “Avto” policies and other voluntary insurance policies.

To FAS request, “Rosgosstrakh” Ltd. submitted information that there were no separate instructions regulating the procedures for selling OSAGO policies together with other voluntary insurance policies (“cross-selling”) as well as restricting employees’ authority for concluding OSAGO agreements.

“At the same time”, pointed out Deputy Head of FAS Department for Control over Financial Markets, Irina Smirnova, “FAS was in possession of a copy of No. 59/01-01 Order “On Combined Sale of OSAGO+IFL and OSAGO+Fortuna “Avto” Policies” of 27th February 2013 issued by a branch of “Rosgosstrakh” Ltd. in the Rostov region”.