Validity of insurance license given to AXA MBASK limited


May 13, Fineko/ The Financial Market Supervision Chamber (FIMSA) reports that according to the Board’s decision, the insurance license given to insurance company AXA MBASK has been limited on the basis of the appeal of the insurance company in accord with Article 105.1.1 of the Law and subparagraph 4.10.5 of the Charter of the FIMSA, liquidation of permits issued for activity "Compulsory Real Estate Insurance", "Compulsory Insurance of Civil Liability for Real Estate", "Compulsory Insurance of Civil Liability of Vehicle Owners".