Bank Of Baku

Azersigorta gets grace period to change its legal status

Azersigorta gets grace period to change its legal status
# 24 June 2009 15:30 (UTC +04:00)
He added that the delay in Azersigorta’s switching its legal status is related to the state-ownership which requires certain procedures to follow.

According to him, Azersigorta has been given a grace period to complete its transition to OJSC.

Under the new Insurance Law, all insurance companies shall be OJSC until March 15.

There are 28 insurance companies in Azerbaijan.
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