Central Bank revokes licenses of 4 insurance agents

12:40 - 13.09.2022

September 13, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) has revoked the license for the activity of an insurance agent from 4 individuals, ABC.AZ reports with reference to the regulatory body.

The licenses were canceled on September 7 in accordance with the law "On Insurance Activities" due to the fact that they suspended the licenses twice within 12 months, as well as due to the fact that the licenses were renewed within 9 months from the date of their last suspension on the basis of this case.

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