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The Withdrawal Of Licenses For The Right To Operate Intermediation In Insurance And Reinsurance Brokers Of Insurance And / Or Reinsurance

Original Language Title: cu privire la retragerea licențelor pentru dreptul de a desfășura activitatea de intermediere în domeniul asigurărilor și reasigurărilor unor brokeri de asigurare și/sau reasigurare

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As a result of the failure, repeatedly, by persons in positions of responsibility Insurance Reinsurance Broker of "ASTRA LUX" LLC and Insurance Reinsurance Broker "STAR INSURANCE" LLC Decision of the National Commission of Financial Market No.26 / 6 of 05.27.2016 "on the prescription of insurance and / or reinsurance to submit special reports" (Official Gazette of the Republic of Moldova, 2016 nr.151-155, art.1000) and the Resolution of the National Commission of Financial Market no.29 / 6 from 10.06.2016 "on repeated prescription of insurance and / or reinsurance to submit special reports" (Official Gazette of the Republic of Moldova, 2016 nr.163-168, art.1058) in under article 8 b) and c), article 9 para. (1) d) and e), article 25 par. (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, Article 53 para. (5), Article 54 para. (1) 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) section. 34, art. 21 (2) letter f) and para. (6) of Law No. 451-XV of 30.07.2001 "on regulating the licensing of entrepreneurial activity" (republished in the Official Gazette of the Republic, 2005 nr.26-28, Article 95), Annex 2 and Annex 3 to the National Commission of Financial Market Decision No.45 / 5 of 16.10.2009 "on approval of the form and content of intermediaries specialized reports insurance and / or reinsurance "(Official Gazette of the Republic of Moldova, 2009, nr.197-200, art.877)

NATIONAL FINANCIAL MARKET COMMISSION DECIDES:

1. Withdraw licenses Insurance Reinsurance Broker "ASTRA LUX" SRL series nr.000758 NCFM issued on 11 April 2014 indefinitely and Insurance Reinsurance Broker "STAR INSURANCE" LLC NCFM nr.000771 series, issued on September 26, 2014 indefinitely for the right to carry out intermediary activity in insurance and reinsurance.
2. Prescribing persons in positions of responsibility Insurance Reinsurance Brokers "ASTRA LUX" SRL liquidation of debts to International Insurance Company "ASITO" SA in the amount of 160,370.43 lei, Insurance-Reinsurance Company "MOLDCARGO" SA amounting to 285,227.98 lei, International insurance company "TRANSELIT" SA in the amount of 180,602.79 lei, resulting from the collection of insurance premiums and / or reinsurance, and to the National Commission of Financial Market in the amount of 2750 lei, received by after non-enforcement of the National Commission of Financial Market no.17 / 4 of 04.15.2016 "on the results of the analysis of the compliance office in insurance by some insurance-reinsurance brokers" (Official Gazette of the Republic of Moldova, 2016 nr.114-122, art.704), within 15 days.
March. Prescribing persons in positions of responsibility Insurance Reinsurance Broker of "STAR INSURANCE" LLC paid in full volume of regulatory fees owed to the National Commission of Financial Market and penalties calculated under the law, within 15 days.
4. Prescribing Insurance Reinsurance Broker "ASTRA LUX" LLC and Insurance Reinsurance Broker "STAR INSURANCE" LLC, within 10 working days, to submit to the National Commission of Financial Market licenses withdrawn.
May. Control over the execution of this decision is entrusted with Surveillance Directorate General Insurance and General Directorate of economic, financial and administrative.
June. This decision shall enter into force on the date of adoption, is 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.