Bank Of Baku

Standard Insurance requires Ministry of Transport to pay AZN 8,000

Standard Insurance requires Ministry of Transport to pay AZN 8,000
# 04 July 2011 14:00 (UTC +04:00)
Baku. Elnur HUseynguluyev – APA-Economics. Azerbaijan-based Standard Insurance has sued the Ministry of Transport, said the 1st Baku Administrative-Economic Court. According to Court, the insurance company requires the Ministry of Transport to pay the debt.

Lawyer of Company Emil Zeynalov says that, the automobile insured by the company has collided with the car of Ministry of Transport. Consequently, Standard Insurance has implemented payments for the insured car.

Zeynalov noted that, Ministry of Transport might implement regress payment for the accident. But the Ministry deviates from the payment – AZN 8,000.

According to Zeynalov, Ministry of Transport must pay near AZN 8,000 in any case. Zeynalov noted that, date of next hearing will be announced by the relevant court.

Remind that, Standard Insurance has been in operation since 2002. The company operates 5 compulsory and 24 voluntary insurance types.
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