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Financial Market Supervision Chamber: decision on distribution of liabilities of Bashak Inam Sigorta not made

17.11.2017,12:13


November 17, Fineko/abc.az. Obligations of liquidated Azerbaijani insurance company Basak Inam Sigorta will not be transferred to another company.

The Financial Market Supervision Chamber stated that a decision on the occasion was not accepted on the part of the Chamber.

"In compliance with insurance legislation within 30 days after the decision on liquidation of the insurance company was made the list of the members of the liquidation committee should be submitted to the court. But the court has still not decided on compulsory liquidation of the Company," the Chamber said.

The FMSC says that performance of Company’s obligations is planned after court’s ruling. That is why a decision on distribution of liabilities of Bashak Inam Sigorta has not been accepted.

Company's liabilities on motor, property and credit insurance total AZN 259,539 to be covered until 2021.