The Compulsory Insurance Bureau (CIB) called local insurers interested in the Green Card, to address to the Registrar by December 21.
According to the information, the decision was taken at a meeting of the Board of Trustees. Otherwise, businesses operating in the framework of compulsory insurance of liability of owners of motor vehicles (CTP) will be limited from January 1, 2016.
There's also an exemplary form of approved forms of Green Card, the rules for their release, filling and accounting rules for activities within the Green Card. In addition, they approved the rules of the payment calendar under the contracts on Green Card and the formation of a reinsurance pool of Green Cards and the rules of its functioning.
Recall Azerbaijan joined the system Green Card, in which it will start its work from January 1, 2016. In the framework of the Agreement the member states recognize the CTP insurance policy issued in the countries - partners.
CIB was established according to the law "On compulsory types of insurance". It includes 15 local insurers (of 26), of which 11 have the right to provide services under the insurance. --17D-
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review