CBA BOARD APPROVES CBA DEVELOPMENT VISION AND 2009-2011 STRATEGICAL PROGRAM

NOYAN TAPAN

JU NE 26

At the June 24 sitting conducted by the CBA chairman Arthur Javadian,
the Central Bank of Armenia (CBA) Board approved the CBA Development
Vision and the 2009-2011 Strategical Program.

NT was informed by the CBA PR service that by a decision of the CBA
Board, an amendment was made to "the regulations 3/01 on the order of
insurance and insurance brokerage licensing, registering an insurance
agent, registering a subsidiary and representative office of a foreign
insurance company in the territory of the Republic of Armenia, and
receving a preliminary consent for significant participation in the
authorized capital of an insurance company; the form of a business
plan of an insurance company, its submission order and terms;
qualification of heads and executive officials of an insurance
company and an insurance brokerage company; the correspondence and
qualification criteria with respect to heads of an insurance company
and a person in charge of an insurance broker; the order of checking
professional fitness and qualification; and list of subjects for
checking professional qualification of candidates for the position
of a person in charge of an insurance agent".

From: Emil Lazarian | Ararat NewsPress