Each state organization of Azerbaijan to effect compulsory insurance on the operating property by itself
Baku, Fineko/abc.az. Azerbaijani government has not yet started compulsory insurance of its real estate.
At the third Azerbaijan International Insurance Forum (AIIF) Head of State Insurance Supervision Service under Finance Ministry Namig Khalilov reported that the list of state real property facilities for compulsory insurance is currently under adjustment.
" Insurance mechanisms are also being considered and different approaches are discussed. Single tender will not be announced within compulsory insurance of state property as the property will not be insured on one agreement. Each state organization owning this right, will independently insure the property belonging to it ",- N. Khalilov said.
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