Regulatory Alerts2026-04-28 | 20/3Added · Updated
Decision on Applying a Coercive Fine to IM CIA TRANSELIT SA for Non-Execution of CNPF Decision No. 36/2
The National Financial Market Commission (CNPF) of Moldova imposes a coercive fine on insurance company IM CIA TRANSELIT SA for failing to fully comply with Decision No. 36/2 regarding the results of a thematic control. The regulator found that the insurer did not adequately revise insurance contracts, failed to properly review and remedy unjustified claim rejections, and neglected to submit required documentation within statutory deadlines. Consequently, the CNPF determined that the insurer's actions were partial and insufficient, justifying the application of the penalty for non-execution of the administrative act.
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