11430
IIC Set to Take Over Peer Company
Economy, Business And Markets

IIC Set to Take Over Peer Company

Iran Insurance Company (IIC) is set to take over another peer company, Tose’e Insurance Company (TIC), the Supreme Council of Insurance announced on Tuesday.
The work permit of TIC has now been nullified following the decision by the SCI.
Consequently, the company’s work permit for vehicle insurances (including third-party insurance, collision coverage, and personal injury protection) and life insurance have been revoked, ILNA reported.
Earlier in the year, a legal case was filed against the company, which has been struggling with numerous problems, the report said without giving any more specifics on the issue.
The company has been banned from doing insurance activities since January 21.
Central Insurance public affairs has now announced that with the approval of Central Insurance’s General Assembly, the Supreme Council of Insurance and the administration all past records of the TIC will be signed over to the state-owned IIC, which is expected to gradually compensate TIC’s past losses and cover any of its possible future loss.

 

 

Short URL : http://goo.gl/bWBHfE

You can also read ...

Apple Moves to Store iCloud Keys in China
When Apple Inc begins hosting Chinese users’ iCloud accounts...
Continued Action to Improve the Situation With FATF
Following the Financial Action Task Force’s latest decision,...
Iranian Knowledge-Based Firm to Produce Anesthesia Machines
A knowledge-based company located in Pardis Technology Park...
Iran-Denmark Trade Tops 11% in 2017
Iran exported close to €10 million worth of commodities to...
Business Delegation to Visit Albania, Macedonia
An Iranian business delegation led by Chairman of Iran Chamber...
Total residential deals registered during the 11 months to Feb. 19 equaled 168,933, which indicate an increase of 12.8% compared with the same period last year.
The total number of housing deals in Tehran reached 18,400...
INSIG Workers to Receive Delayed Payments by March 20
Iran National Steel Industrial Group’s workers will receive...
Decoding Iran’s High Savings Trend
In a sample of 25-odd developing countries that make up...

Trending

Googleplus