Insurance brokers should have a minimum subscribed and paid-up capital of RON150,000.
According to ASF, the files of 48 insurance brokers are still under analysis, while 36 brokers asked for suspending their activity as they could not meet minimum capital requirements.
ASF also notified 75 brokers for failing to hike share capital, temporarily banned the activity of 57 companies for failing to meet minim capital requirements and suspended the activity of 28 companies. Another 19 of the 552 insurance brokers operating on the Romanian market are insolvent.