Bank Of Baku

Law on use of “e-signature” in insurance market of Azerbaijan to come into force until the end of 2012

Law on use of “e-signature” in insurance market of Azerbaijan to come into force until the end of 2012
# 14 February 2012 11:05 (UTC +04:00)
“At present, purchase of insurance products via the Internet and mobile communications is widespread in the international practice. This is primarily allows the interested persons to can enter into an insurance agreement that makes insurance more affordable services. The provision of insurance services in Azerbaijan by electronic means will create conditions for broader dissemination of insurance in the country”, said Piriyev.

According to his words, it is planned, that the draft bill on the application of “e-signature” in the insurance market of the country will enter into force until the end of the current year.

Note that, the drafts of the relevant documents have been prepared and submitted to the government. Thereafter, the draft law is planned to submit to the parliament.
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