Financial Regulator Revokes Certasig's License, Starts Bankruptcy Procedures

Romania financial regulator decided on February 19 to revoke the license of insurer Certasig for failing to cover minimum capital requirements, the institution said Thursday.

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Financial Regulator Revokes Certasig's License

The board of the financial regulator also noted the insurance company's state of insolvency and decided to start legal procedures to have it declared bankrupt.

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