Temporary insurance administration suggested in Azerbaijan

15:49 - 24.04.2018


April 24, Fineko/abc.az. The Azerbaijan Insurers Association (ASA) has drafted the amendments to the insurance legislation.

ASA reports that the Association held a meeting with representatives of the Presidential Administration, where the amendments had been discussed.

"The amendments envisage introduction of temporary administration with the purpose of recovery or improvement of the insurance carrier," ASA said in a statement.

The meeting participants made a decision to transfer the draft amending law to the Financial Market Supervision Chamber.

 

 

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