Encyclopedia
Limitation of License Scope
Licensing restrictions — prohibition on carrying out certain types of insurance, mutual insurance, and reinsurance1.
Federal Law of December 10, 2003 No. 172-FZ, "On Making Changes and Additions to the Law of the Russian Federation 'On Organization of Insurance Activities in the Russian Federation' and on Recognizing Certain Legislative Acts of the Russian Federation as Lapsed" of December 10, 2003, as amended on July 23, 2013, Article 4, paragraph 5#8 // RSZ RF. 2003. No. 50. Article 4858. ↩