Bank Of Baku

Azerbaijan may revoke license of another insurance company

Azerbaijan may revoke license of another insurance company
# 04 September 2008 16:33 (UTC +04:00)
Baku. Elnur Huseynguluev - APA-Economics. The Ministry of Finance of Azerbaijan intends to completely revoke the suspended license of Absheron Insurance Company.
Namig Khalilov, Insurance officer of the Ministry, said a deadline was set for the company to correct deficiencies.
“The company’s license expired on September 2. We have not received a notice about the correction of the deficiencies. In accordance with the law, the ministry will decide to issue a termless license to this company or not,” he added.
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