Bank Of Baku

Azerbaijan develops a bill “On Mandatory Insurance”

Azerbaijan develops a bill “On Mandatory Insurance”
# 22 June 2009 16:51 (UTC +04:00)
According to him, the main principle in the new bill is the maintenance of social equity in the field of compulsory insurance.

In addition, the document provides for increasing the amount of insurance payments on the compulsory motor vehicle liability insurance.

Employer compulsory liability insurance and business compulsory liability insurance of property owned by legal and natural persons engaged in business have been added to the bill.

At present there are 10 types of compulsory insurance in Azerbaijan.
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