BELGRADE, July 31 Serbia's central bank said on
Thursday it has revoked the licence of insurer Takovo Osiguranje
and filed a motion for a bankruptcy proceedings to
the court in the central town of Kragujevac.
"As of today Takovo Osiguranje is not allowed to close new
insurance contracts," the bank said in a statement. "Existing
contracts will be valid until the expiry date."
There are 26 licensed insurance companies in Serbia, a
country of 7.3 million people.
No one was available at Takovo Osiguranje to comment. Its
shares last traded at 1,280 dinars on the Belgrade stock
(Reporting by Ivana Sekularac; Editing by Greg Mahlich)