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The organisations, but only for 1998 - more than at 400.
In the conditions of an acute financial crisis the All-Russia union of insurers
Has suggested to prolong in a legislative order term for increase authorised
The capital of the insurance companies for a year till January, 1st, 2000 It is represented that
Similar prolongation of term for all insurers would be unjustified
The long. Granting of such privileges to all insurers could
Considerably to brake process of formation of steady insurance sector
In Russia. According to accepted by the State Duma in three readings a new variant
The bill term prolongation only for 6 months - is provided to
1.07.199it. It is possible to believe that similar conciliatory proposals positively
Will affect development of the insurance companies.
It is supposed that the authorised capital stock increase will occur by
Release of additional actions. The insurance companies basically will save
Present structure of shareholders thanks to the repayment of actions at the expense of the unallotted
Profits of last years or payment of a corresponding part of new release.
Attraction of new shareholders is possible, but it will not be mass, as
The majority of the insurance companies are the closed joint-stock companies. Follows
To notice that the authorised capital stock increase represents a serious problem
For the insurance companies which require considerable inflow of the new
Means. The real way to it is sale of actions in the open market. However to
This time of the action of the insurance companies are not quoted fields exchange, in
To off-exchange trade that essentially narrows attraction possibilities
It is possible to believe that structural changes in the insurance market will go
Mainly in following directions. First, creation of the holding
Groups of the insurance companies remaining legally independent and connected
Among themselves participation in authorised capital stocks and in management. Secondly, full
Association, creation as a result of absorption of the small companies of branches
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