ASF to withdraw the operating license of Certasig company

The board of Romania’s financial market regulatory body - ASF decided to withdraw the functioning authorization of local insurer Certasig because the company hasn’t increased the level of own funds in line with the minimum capital requirements (MCR) within the deadline provided by law. At the same time, the ASF board ascertained the insolvency status of Certasig and decided to initiate legal steps to open the bankruptcy proceedings against ...

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