Tashkent, Uzbekistan (UzDaily.com) -- The license of Khalq Sug’urta Insurance Company has been suspended for 6 months. This was reported by the press service of the Agency for the Development of the Insurance Market.

Based on the order of the Agency, the license of Khalq Sug’urta was suspended for a period of ten days, due to non-compliance with mandatory standards regarding the qualification requirements of the head and chief accountant of the insurer.

Since this violation of the law was not eliminated, by the decision of the Tashkent Interdistrict Economic Court from 9 September 2022, and later of the Tashkent City Court from 4 October 2022, the license of Khalq Sug’urta was suspended for a period of 6 months, the regulator notes.