OREANDA-NEWS. The Bank of Russia suspended the mutual insurance licence issued to Mutual Insurance Company Eseya, non-profit organisation (registration number in the unified state register of insurance agents 4307).

The decision is taken due to the avoidance on the part of Mutual Insurance Company Eseya, non-profit organisation, of receiving Bank of Russia instructions and becomes effective from the day it is published in the Bank of Russia Bulletin.

Suspended licence of the insurance agent shall mean a prohibition on entering into mutual insurance contracts, and also on amending respective contracts resulting in increase in the existing obligations of the insurance agent. The insurance company shall accept applications on the occurrence of insured events and perform obligations.