Bank Of Baku

International Insurance Company applies to Finance Ministry to obtain licence for 4 compulsory insurance types

International Insurance Company applies to Finance Ministry to obtain licence for 4 compulsory insurance types
# 01 August 2012 08:57 (UTC +04:00)
Baku. ELnur Huseynguluyev – APA-Economics. Azerbaijan-based International Insurance Company applied to Finance Ministry’s State Insurance Control Service to obtain licence for 4 compulsory insurance types.

Company says along with this, company has submitted relevant documents to become a member of Bureau.

Note that, on July 13, Ministry of Finance has granted unlimited licence to the Company.

Within the requirements for Bureau members, ISC has launched regional representations in 10 economic zones. At the same time, special software was obtained. At present, the company’s authorized capital is near AZN 5.5 mln and this is sufficient to become member of bureau.

ISC has been in operation since 2002 and operates 34 insurance types.
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