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With Regard To The Results Of The Inspection In The Field Of Insurance Respectarealegislației The Insurance Broker-Reinsurance "sani-Asig" S.r.l.

Original Language Title: cu privire la rezultatele inspecției în teren privind respectarealegislației în domeniul asigurărilor de către Brokerul de Asigurare-Reasigurare „SANI-ASIG” S.R.L.

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    Pursuant to article 55 para. (1) letter a) and b), para. (2) of law No. 407-XVI dated 21.12.2006 "insurance" (hereinafter-the law No. 407-XVI dated 21.12.2006) and the order of the Vice-President of the National Commission of financial market (C.N.P.F.) No. 52 of 27.09.2016, has been carried out an inspection on the ground concerning compliance by Insurance Broker de Asigurare-Reasigurare "SANI-ASIG" S.R.L. (189 Primary Pintea, Gainey. Chisinau, 1012600016818), on WHOSE BEHALF the following were found.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 1 "Monitorul Oficial" of the Republic of Moldova, 2007, no. 47-49, 213-reinsurance Insurance Broker "SANI-ASIG" S.R.L., contrary to art. 49 para. (61) in accordance with law No. 407-XVI dated 21.12.2006, has not complied with the obligation to transfer the International Insurance Company "ASITO insurance premiums in the amount of 554.3 thou lei collected on its behalf within the time limit prescribed in the maturity of the contract term.
Considering the above, pursuant to article 1 para. (1) article 8 b) and paragraph 2 of point f), art. 9 para. (1) the letter c), art. 20, para. (1), article 22 para. (1) and paragraph 1. (3), para. (2) of law No. 192-XIV of 12.11.1998 "Concerning the National Commission for financial market" 2, article 501, article 54 paragraph 1. (1) and paragraph 1. (2) Letter c) and paragraph 2 of point f), article 55 para. (1) of law No. 407-XVI dated 21.12.2006, article 20 paragraph 1. (21), para. (3) and paragraphs 2 and 3. (4) of law No. 451-XV of 30.07.2001 on regulating through licensing of entrepreneurial activity "3, gradualizarea regulation of sanctions applied by the insurer (reinsurer) broker or insurance and/or reinsurance C.N.P.F., approved by Decision No. 60/5 of 20.12.20134, _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 2 Republished in the Official Gazette of the Republic of Moldova, 2007, nr. 117-126 BIS 3 Republished in the Official Gazette of the Republic of Moldova, 2001, no. 108-113, 836 4 Republished in the Official Gazette of the Republic of Moldova , 2014. 53-58, art. 313 NATIONAL COMMISSION of FINANCIAL MARKET DECIDES: 1. Shall be suspended for a period of 2 months licence Insurance-reinsurance Broker "SANI-ASIG" S.R.L. 000786 No. NCFM series issued at 06.03.2015, indefinitely, for the right to carry on the activity of insurance and reinsurance mediation.
2. Shall be imposed on the insurance-reinsurance Broker "SANI-ASIG" S.R.L. with fine in amount of 5.0 thousand lei, which is transferred to the budget of the supervisory authority.
3. Prescribe Insurance-reinsurance Broker "SANI-ASIG" S.R.L. to transfer the full volume of insurance premiums collected on behalf of the International Insurance Company "ASITO" JSC amounted 554.3 thousand lei.
4. Insurance-reinsurance Broker "SANI-ASIG" S.R.L. will inform the National Commission of Financial Market about the execution point 2 and point 3 of this decision within two months.
5. The control over the execution of the given decision is put in charge of the Directorate-General for insurance supervision.
6. 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