New capital requirements are effective August 1, 2008.
Capital requirement coms effective on |
For insurance companies |
For reinsurance companies |
January 1, 2009 | AZN 1 million | AZN 2 million |
January 1, 2010 | AZN 2 million | AZN 4 million |
January 1, 2011 | AZN 3.5 million | AZN 7 million |
January 1, 2012 | AZN 5 million | AZN 10 million |