Bank Of Baku

Rule on insurance of real estate held in banks as collateral changes in Azerbaijan

Rule on insurance of real estate held in banks as collateral changes in Azerbaijan
# 28 December 2011 08:57 (UTC +04:00)
According to him, compulsory insurance of real estate does not permit it to be reinsured when it is leaved as deposit.

He says the law does not allow insuring the same property twice.

Khalilov noted that, in such cases, it was sufficient to make a few changes in compulsory insurance contract of owner of property.
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