The document provides for foreign insurance (reinsurance) companies set up branches in Russia in the conditions and procedures for legal status in insurance activities in Russia in the conditions and the companies and representative offices of foreign insurance broker activities.
The bill is "the cause of the Russian Federation insurance organizations," the amendments to the law, the State Duma Alexander member of the financial markets Kewa told the paper will be submitted to the Duma to consider. Protection of the Russian insurance documents, namely, citizens, entrepreneurs and corporate interests, but also protect the country and the interests of the domestic insurance market.
In the annex to document said: "The adoption of the Bill sets a legal basis, which provides that only reliable insurance (reinsurance) companies can set up branches in the territory of Russia, which first raised the Russian branches of foreign insurance in no capacity to pay protection."
According to Russia's accession to the WTO agreement, the Russian insurance market to allow foreign insurance and reinsurance companies branches there.
The bill is "the cause of the Russian Federation insurance organizations," the amendments to the law, the State Duma Alexander member of the financial markets Kewa told the paper will be submitted to the Duma to consider. Protection of the Russian insurance documents, namely, citizens, entrepreneurs and corporate interests, but also protect the country and the interests of the domestic insurance market.
In the annex to document said: "The adoption of the Bill sets a legal basis, which provides that only reliable insurance (reinsurance) companies can set up branches in the territory of Russia, which first raised the Russian branches of foreign insurance in no capacity to pay protection."
According to Russia's accession to the WTO agreement, the Russian insurance market to allow foreign insurance and reinsurance companies branches there.
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