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FinMinistry: Non-permission of International Insurance Company for compulsory insurance is associated with the process of obtaining a new license

FinMinistry: Non-permission of International Insurance Company for compulsory insurance is associated with the process of obtaining a new license

05 July 2012 07:55 (UTC +04:00)

Baku. Elnur Huseynguluyev - APA-Economics. Azerbaijani Finance Ministry has clarified the issue on not authorization of the International Insurance Company for the provision of activities on compulsory insurance.

Deputy Finance Minister Azer Bayramov says the International Insurance Company has not yet entered into the compulsory insurance Bureau. One of the main reasons for delay is related to expiration of license.

Bayramov noted that issue on membership to the Bureau will be accelerated after submission on extension of licenseâ€™s term.

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