All Types of Compulsory Insurance Connected to SMS Notification
The clients of insurance companies - participants of the Bureau of Compulsory Insurance were able to receive SMS alerts for all four types of insurance required by local law.
Initially the service has been used as part of the mandatory civil liability of vehicle owners to third parties - CTP. Now, innovation extends to the compulsory insurance of immovable property, the mandatory responsibility of the owners and the compulsory insurance of passengers.
According to the Bureau, the service is provided through a single information system accumulated by the structure. According to Article 34-3.4 AR law "On mandatory types of insurance" from August 10 customers will receive a number to the registered mobile phone notification of the conclusion of the contract, indicating the initial parameters of the insurer and the size of the annual fee.
In addition, the unified information system will report the insured insurer of intent (the cost of one SMS 16 kopecks) 15 days before the expiration of the contract and the forced termination of the contract.
By paging system connected to all three local mobile operators. - 17D-
-
- Economics
- 23 August 2013 14:40
Economics
-
Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review