Bank Of Baku

Special commission about liquidation of Azer Asiya insurance company established

Special commission about liquidation of Azer Asiya insurance company established
# 07 July 2010 11:44 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Liquidation Commission about the liquidation of Azer Asiya Company was established in the meeting of shareholders, spokesman of State Insurance Commercial Company Azersigorta Afghan MIrzayev told APA.

According to him representatives from both shareholders were invited to Liquidation Commission, sale of the company after the payment of tax debts and other liabilities of the company were discussed in the meeting.

Note that, Ministry of Finance refused the extension of the licence’s term on February 11, 2008. Cause of this is failure to comply of the company with the insurance legislation and discrepancy in requirements and conditions of licence.

Azer Asiya Insurance Company has been in operation since 1997.
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THE OPERATION IS BEING PERFORMED