In July 2004 Social Insurance Supervision Division of FSC completed full documentary inspection of pension insurance company “Alianz Bulgaria”. The objective of the inspection was to check the activity of the company for the period after September 1, 2003.  As a result of the inspection number of infringements of the Social Insurance Code was determined. Five punitive acts and total fines of BGN 5600 were imposed to the executive director of “Alianz Bulgaria” by the Head of Social Insurance Supervision Division.