Azal Sigorta to operate again

Azal Sigorta to operate again
# 12 May 2010 14:33 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Azal Sigorta intends to restore its licence till August, 2010, chief accountant of company Rena Guliyeva told APA.

According to her, company’s authorized capital makes AZN 2 mln. The company intends to restore the licence after finishing of all works during the next 3 months.

The minimum requirement of insurance companies about total capital has been made AZN 2 mln, since January 1, 2010. This sum has to be reached AZN 3.5 mln for January 1, 2011, AZN 5 mln for January 1, 2012. The minimum requirement for new established companies is AZN 54 mln.
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THE OPERATION IS BEING PERFORMED