Uzbek finance ministry annuls license of major insurance company
Tashkent, Uzbekistan, June 10
By Demir Azizov- Trend:
Agro Invest Sugurta JSC insurance company's license for conducting insurance activities has been annulled by the Uzbek finance ministry, a representative of the company told Trend June 10.
"The license was abolished in line with the decision of the court dated May 24, 2016," said the company's representative. The company didn't disclose reason behind annulment of the license.
Uzbek finance ministry suspended a license of Agro Invest Sugurta JSC for ten working days in April 2016.
Agro Invest Sugurta JSC received license on October 21, 2014 and it could provide insurance services on 17 classes of general insurance.
The company worked in insurance market of Uzbekistan since 2008 and provided various insurance services to legal entities and individuals.