Bank Of Baku

Azersigorta can be changed to OJSC

Azersigorta can be changed to OJSC
# 03 September 2010 09:07 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Changing of Azersigort State Insurance Company to OJSC may be realized till the end of 2010, Deputy Chief of the Azerbaijani State Insurance Supervision Service at the Finance Ministry Mahir Abdullayev told APA.

According to him suitable state bodies hold discussions about changing of company’s status.

Note that, changing of insurance companies in Azerbaijan to OJSC is guided by the bill “about insurance activity” adopted on March 15, 2008. All insurance companies in Azerbaijan operate with OJSC status, except Azersigorta.

Azersigorta has been in operation since 1991. The company operates 8 compulsory and 20 voluntary insurance types.
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