Amrah Sigorta to restore its licence during a week

Amrah Sigorta to restore its licence during a week
# 13 May 2010 09:30 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Econmics. Azerbaijan-based amrah Sigorta Company intends to restore its licence during a week, Amrah Sigorta’s deputy chairman of board of direction Emil Agasiyev told APA.


According to him, company’s authorized capital was down from AZN 2 mln - required sum, that’s why our company’s licence was abolished by the Ministry of Finance.

The minimum requirement for insurance companies in Azerbaijan is AZN 2 mln, for January 1, 2010. This sum will be increased to AZN 3.5 mln for January 1, 2011, AZN 5 mln for January 1, 2012.
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THE OPERATION IS BEING PERFORMED