Bank Of Baku

Organizations not insuring staffs to be fined from New Year

Organizations not insuring staffs to be fined from New Year
# 21 December 2010 12:15 (UTC +04:00)
According to him, there are 400 000 employers in Azerbaijan and these organizations must insure staffs compulsory: “According to law on “Compulsory Insurance against Industrial Accidents & Occupational Diseases” MPs of Azerbaijan and Nakhchevan, persons having military or special rank, all persons paying insurance premium will be insured”.

He also noted that, the fines would be concerned to legal entities, individuals engaging in business without establishment legal entity and all institutions of foreign countries established as legal entity.

Note that, the law will be executed by The State Insurance Supervision Service under the Ministry of Finance, the Main State Labour Inspectorate of the Ministry of Labour & Social Protection and Medical Social Expert Commissions.
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