Tashkent, Uzbekistan (UzDaily.com) -- The National Agency for Prospective Projects (NAPP) canceled the license of the Farovon Sug’urta insurance company. The agency’s press service reports this.

The license of the insurance company Farovon Sug’urta has been canceled from 30 October 2023, NAPP saod. The agency decided to revoke the license on 27 October.

Farovon Sug’urta, in accordance with the license, carried out insurance activities in the field of life insurance in classes I, II, III and IV and in the field of general insurance in classes 1 and 2 in a voluntary form.

NAPP notes that Farovon Sug’urta is obliged to fulfill its obligations under previously concluded insurance (reinsurance) contracts in accordance with the established procedure.