Uralros Insurance Company to get expelled

3 April 2009 (09:25)

Uralros Insurance Company will probably get expelled from the Russian Union of Automobile Insurers after Sverdlovsk Region Arbitration Court has sustained the claim laid by the Union against Uralros regarding the membership fees.

In fact, Uralros Insurance Company never paid its membership fee for the third quarter of 2008 and failed to respond to the Union management’s inquiries. At the end of the day, the insurance company’s GD announced to the Union’s representative that he was not at all willing to pay the fees, so Uralros was put on the ‘To Be Expelled’ list. Despite the defendant’s complaints, the Arbitration Court ruled in favor of all of the Union’s claims.

Uralros Insurance Company now owes the Union 1.11 million RUR worth of fees and 2,470 RUR worth of fines for delay.


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