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Distrust of Insurance Agents Growing
The licenses of another 15 individuals providing services as insurance agents have been canceled. According to the decision of the Ministry of Finance on the basis of the submission of AR State Insurance Supervision Service, perpetual licenses were canceled for Ulvi Bagirov, Elchin Efendiyev, Farhad Akberov, Vyusal Farzaliyev, Alim Hasanov, Miryahya Huseynov, Nigar Guliyeva, Altay Mammadov, Eldar Mammadov, Mardan Mammadov, Tahir Mammadov, Julia Milevskaya, Afgan Safarli, Parvin Sharif and Farid Teymurov.
The reasons for this distrust by the Ministry of Finance were not listed. Since November last year, they decided to revoke the licenses of more than 40 individuals to provide services as insurance agents.
According to the ministry, in 2014 licenses to operate as insurance agents were received by 109 individuals. --17D-
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