OREANDA-NEWS. By its Order No. OD-1306 dated 10 June 2015 the Bank of Russia took a decision to appoint a provisional administration to the Insurance Company ASKO-Life, limited liability company (registration number in the unified state register of insurance agents is 3999; location: 24, Avenue Named after Vakhitov, the town of Naberezhniye Chelny, the Republic of Tatarstan, 423815, TIN 1650144114; PSRN 1061650058007, hereinafter, the Company).

The decision to appoint a provisional administration was taken due to the suspension of the Company's insurance licence (Bank of Russia Order No. OD-998, dated 7 May 2015).

The powers of the executive bodies of the Company are suspended.

Vladimir P. Smagin, a receiver, (mailing address: P.O. Box 9046, the town of Obninsk, Kaluga Region, 249039), member of the non-profit partnership Interregional Self-Regulatory Organisation of Professional Receivers (17, Kotelnicheskaya Embankment, the city of Moscow, 109240), has been appointed as a head of the provisional administration of the Company.