Yerevan, April 10 /Mediamax/. In accordance with the decision of the Chairman of the Armenian Central Bank, starting from April 3, the non-life insurance license of “Grand” Company has been suspended.

As Mediamax was told in the CB press service today, “the license is suspended until the reason for the license violation is eliminated”.

Mediamax reminds that in December 2006, the Central Bank of Armenia declared invalid the life insurance license of “Grand” Company.