MOSCOW, October 10 - RAPSI, Natalia Belova. A commercial court has terminated the Soglassye insurance company's bankruptcy proceedings upon the claimant's request, the court told the Russian Legal Information Agency (RAPSI) on Monday.

The court terminated the case as the insurer paid its $49,700 debt to the individual who filed the bankruptcy petition against the company.

Founded in 1993, Soglassye is one of the 10 largest insurance companies in Russia. It provides over 90 insurance services.