MNB fines MKB insurance companies for violations
The National Bank of Hungary (MNB) today announced it had fined life insurance company MKB Életbiztosító HUF 14 mln and general insurer MKB Általanos Biztosító HUF 10 mln on charges of failing to comply with rules regarding informing clients and managing complaints.
The central bank said that companies are required to report back until May 31 on measures to correct the problems.
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