OBS_VALUE: If the quota of the participation of foreign capital in the authorized capital of insurance organizations exceeds 50 percent, the insurance supervisory authority stops issuing licenses to carry out insurance activities to insurance companies that are subsidiaries of foreign investors or have a share of foreign investors in their authorized capital more than 49 percent and suspends accreditation of foreign branches. The amount (quota) of foreign capital participation in the authorized capital of insurance organizations is calculated by the insurance supervisory authority annually as of January 1, based on data on the authorized capital of insurance organizations as of January 1 of the current year.