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Azerbaijan sees 29% rise in compulsory insurance of automobiles


In July 2017, 132,491 contracts on compulsory insurance of civil liability of vehicle owners were registered in Azerbaijan, up 29% from previous year, Compulsory Insurance Bureau of Azerbaijan (CIB) said.

 

CIB says 19,314 of these cars were registered in the foreign country and entered in Azerbaijan for transit.

 

Insurance premiums on these contracts made up AZN 10,343,618, up 29% in comparison with a year earlier.

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