Era-Trans insurance company's license suspended

Era-Trans insurance company
# 26 November 2014 09:24 (UTC +04:00)

Baku. Musa Ahmadov – APA-Economics. The license of the insurance company Era-Trans OJSC has been suspended, the State Insurance Supervision Service of the Ministry of Finance told APA- Economics.

The license issued to the activity of Era-Trans Insurance OJSC was suspended on 25 November 2014 under the ministry’s relevant order due to the non-compliance of the total capital with the minimum amount of equity required of the insurer, which is defined by the law, as well as some other irregularities in its activity. The company has been granted a delay of six months to eliminate the above-mentioned irregularities.

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THE OPERATION IS BEING PERFORMED