Insurance brokers should insure their professional liability for up to $1 bn
Baku, Fineko/abc.az. The size of insurance broker’s professional liability has been approved and entered into force in Azerbaijan.
This requirement was endorsed by Finance Minister Samir Sharifov by Order #Q-08 "On the settlement of various issues of insurance activities", which came into force on 8 April.
Now the insurance broker acting as an individual should insure his professional liability in the amount of AZN 200,000. For brokers, acting as legal entities, the liability insurance is AZN 1 million.
Copyright ABC.az All rights reserved.
Link for ABC.AZ is obliged using the websites material.
ru / en