Bucharest Court of Appeal rejects Euroins Romania request to suspend decision on withdrawal of authorization
The Bucharest Court of Appeal rejected, on Thursday, as unfounded, the request of Euroins Romania to suspend the Decision by which the Financial Supervisory Authority (ASF) ordered the withdrawal of the operating authorization of the insurer, ASF (Financial Supervisory Authority) informs.
The Council of the Financial Supervisory Authority decided, on March 17, 2023, to withdraw the operating authorization of the Euroins Romania Asigurare-Reasigurare S.A. Company, noting the signs of the company’s state of insolvency.
According to the provisions of art. 7 paragraph (2) of GEO no. 93/2012, ASF is the only authority able to pronounce on the appropriateness, assessments and the qualitative analyzes on the grounds of which its documents are being issued, states the same source.
Foto: Inquam Photos / Octav Ganea
