of March 15, 2013 No. 10/9
About approval of the Regulations on permission of the conclusion of some transactions by insurers (reinsurers)
In pursuance of provisions of Art. 32 of h (3-1) Laws No. 407-XVI of 21.12.2006 "About insurance" (The official monitor of the Republic of Moldova, 2007, No. 47-49, the Art. 213), with subsequent changes and amendments, the National commission on the DECIDES: financial market
Approve Regulations on permission of the conclusion of some transactions as insurers (overcautious persons), according to appendix.
Deputy Chairman of the National commission on the financial market
Artur Hermann
Appendix
to the Resolution of the National commission on the financial market of the Republic of Moldova of March 15, 2013 No. 10/9
1. This Provision establishes conditions, the procedure and procedure for issue of preliminary permission to investment more than 15% of equity of the insurer (overcautious person) in the authorized capital of some commercial societies, attraction based on agreements of borrowed funds in the amount of, exceeding 10% of the size of the authorized capital, and also the conclusion of large deals, and is applied to insurers (overcautious persons) owning the license for the right of implementation of insurance (reinsurance) activity.
2. For the purposes of this provision the following concepts are used:
Control - compliance of the insurer (overcautious person) to at least one of the following conditions:
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