Alfa Sigorta Deleted from Register of Compulsory Insurance Bureau and Green Card System

On the basis of the letter of the Financial Markets Supervision House (FMSH), the insurance company Alfa Sigorta has been deleted from the register of Compulsory Insurance Bureau and the Green Card system, according to the Bureau.

The company was excluded from the registry on September 7.

Recall that on August 26, 2016 FMSH of Azerbaijan canceled the license of Alfa Sigorta.

The Board of Directors of FMSH decided so due to the sharp deterioration in the company’s financial condition, the loss of assets and capital, and the failure to fulfill its obligations.   ---71D

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