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With Regard To The Lapsing Of Certain Brokers Insurance And/or Reinsurance To Present Specialized Reports

Original Language Title: cu privire la prescrierea unor brokeri de asigurare și/sau reasigurare de a prezenta rapoartele specializate

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    Under the supervision of compliance with legislation mode in insurance, it was found that the broker de Asigurare-Reasigurare "B.S.C.E.-GRUP S.R.L., insurance-reinsurance Broker" ASTRA LUX S.R.L. and Reinsurance Insurance Broker-INSURANCE "STAR did not show" S.R.L. within specialized reports relating to the main activity of the intermediary in insurance and/or reinsurance and intermediary activity in insurance and/or reinsurance by own personnel Broker assistants, and/or subagenţi, according to the annex 2 and annex 3 to the Decision of the National Commission of financial market nr. 45/5 of October 16, "approving the form and content of reports of insurance intermediaries and/or reinsurance" (Official Gazette of the Republic of Moldova, 2009, nr. 196-200, 877), thus being admitted to violating the provisions of article 49 paragraph 3. (2) (a)) and paragraph 3. (8) of law No. 407-XVI dated 21.12.2006 "insurance" (Official Gazette of the Republic of Moldova, 2007, no. 47-49, art. 213).
Concluding from the aforesaid, pursuant to article 54 paragraph 1. (1), article 55 para. (1) letter b), para. (2) and paragraphs 1 and 2. (3) of law No. 407-XVI dated 21.12.2006 "insurance", article 8 b) and paragraph 2 of point f), art. 9 para. (1) d) and subparagraph (c)), para. (2) of law No. 192-XIV of 12.11.1998 "Concerning the National Commission for financial market" (Official Gazette of the Republic of Moldova, 2007, nr. 117-126 BIS), the NATIONAL COMMISSION of FINANCIAL MARKET DECIDES: 1. Prescribing persons with responsibility of Insurance Broker-reinsurance GROUP "S.R.L.-B.S.C.E., insurance-reinsurance Broker" ASTRA LUX S.R.L. and insurance-reinsurance Broker "STAR INSURANCE" S.R.L., within 3 working days ensure the submission of reports on the main activity of the intermediary in insurance and/or reinsurance and reports relating to the main activity of the intermediary in insurance and/or reinsurance through their own personal assistants in brokerage and/or subagenţi, the situation in 31.03.2016, requested the National Commission of financial market under supervision.
2. the professional market participants warn of insurance mentioned, with sanctions by withdrawing the licence issued in respect of the right to carry out the activity of intermediation in insurance, in the event the provisions of point 1 of this decision.
3. The control over the execution of the given decision is put in charge of the Directorate-General's insurance supervision.
4. this decision shall enter into force on the date of its adoption, shall 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.

VICE-CHAIRMAN of the NATIONAL COMMISSION of FINANCIAL MARKET Karen Fahie