MNB fines Uniqa Insurance HUF 76 mln for violations

Competition

The National Bank of Hungary (MNB) fined insurance company Uniqa Biztosító HUF 76 mln on a number of violations related to shortfalls in its registration, auditing and contract management systems, the central bank said today in a press release.

The MNB noted that it had instructed Uniqa to report on steps it will take to correct the shortfalls by deadlines established for the fall.

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