Requirements for insurers on compulsory car owner liability insurance to be stricter since September
Baku, Fineko/abc.az. By Order #Q-07 Finance Minister Samir Sharifov has endorsed the changes to the additional requirements for granting permission for compulsory insurance.
The Order introduces requirements for electronic information systems of insurers competing for such a permit. In particular, the electronic system must have connection to the web-service of the Compulsory Insurers Bureau, concerning liability insurance of vehicle owners. These requirements will come into effect from 1 September 2012.
General supervision over implementation of changes was assigned to the Deputy Finance Minister of Azerbaijan.
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