Read the untranslated law here: http://lex.justice.md/index.php?action=view&view=doc&lang=1&id=366308
By monitoring activity in the insurance market it found that insurance brokers' GM-ASIGRUP "SRL (str. Maria Dragan 2/1, mun., IDNO 1008600032846) has not worked for over 12 months. At the same time, according to data from the state register of legal entities owned by the State Registration Chamber, Insurance Brokers' GM-ASIGRUP "Ltd. and changed its name to" SOLARIUM AGRO "SRL Proceeding from the above, pursuant to Article 1. (1), Article 8 c), article 9 para. (1) d), art. 21 (1), Article 22 para. (3) and Article 25 para. (2 ) of Law No. 192-XIV of 12.11.1998 "on the National Commission of Financial Market" (republished in the Official Gazette of the Republic of Moldova, 2007, nr.117-126 BIS), Article 51 b), 54 par. (2) letter f) and para. (8) of Law No. 407-XVI from 21.12.2006 "on insurance" (Official Gazette of the Republic of Moldova, 2007, nr.47-49, 213 ), art. 8 (1) c) point 34 and art. 21 (3) of Law No. 451-XV of 30.07.2001 "on regulating the licensing of entrepreneurial activity" (republished in Official Gazette of the Republic of Moldova, 2005, nr.26-28, art.95)
NATIONAL FINANCIAL MARKET COMMISSION DECIDES
1. Withdraw the license Insurance Brokers' GM-ASIGRUP "SRL series nr.000762 NCFM issued 14 May 2014, indefinitely, for the right to carry on insurance mediation activity.
2. Prescribing persons with officials of the insurance broker "GM-ASIGRUP" Ltd. (now "SOLARIUM AGRO" SRL) performance of point 1 of the National Financial Market Commission Decision No. 17/4 of 04.15.2016 "On Office analysis results in compliance with insurance legislation by some insurance-reinsurance brokers "(Official Gazette of the Republic of Moldova, 2016 nr.114-122, art.704) and transferring budget authority surveillance fine in the amount of 4000,0 lei, within 15 working days.
March. Control over the execution of this decision is the responsibility of the General Directorate insurance supervision.
4. This decision shall enter into force upon adoption, will be published on the official website of the National Commission of Financial Market (www.cnpf.md) and in the Official Gazette of the Republic of Moldova.
COMMISSION VICE NATIONAL FINANCIAL MARKET Nina Dosca
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