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Azerbaijan-based insurers have to fulfil demand in respect of capital sufficiency until January 20

Azerbaijan-based insurers have to fulfil demand in respect of capital sufficiency until January 20

05 January 2012 10:06 (UTC +04:00)

State Insurance Control Service of Finance Ministry of Azerbaijan Republic, all insurance companies must note the minimum capital amount as AZN 4 mln in statements that they present to Ministry of Finance.

Note that, minimum required amount of capital must be AZN 4 mln for insurance companies, AZN 8 mln for â€“reinsurance companies, from January 1, 2012. This amount must be increased to AZN 5 mln for insurance companies, AZN 10 mln â€“ for reinsurance companies.

Top five companies include PASHA Sigorta, Xalg Insurance, Standart Insurance, AzSigorta and Silk Way Insurance.

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