Last payout Bureau of Compulsory Insurance (ISB) was 1.5 thousand manats. Compensation for injury and damage to health citizen determined upon accident .
As stated in the press release of the structure, the accident occurred September 16, 2013 in Nizami district of Baku, and the cashless money was paid yesterday, January 21, 2014 .
Last year, ISB paid on 24 proven facts as a whole 54 391 manats to affected citizens and families of those killed in local accidents.
Bureau of Compulsory Insurance was established on the law "On mandatory types of insurance." Bureau members are now 12 of the 28 insurance companies operating in Azerbaijan.
Members of the organization must have an appropriate level of capitalization and offices in all the 10 economic regions of the country. Membership fee for insurance companies wishing to join the Bureau is 200 manats. -17D-
Economics
-
Azerbaijan is bracing for heightened expectations of currency devaluation as declining oil revenues and mounting inflationary pressures fuel concerns over economic stability, experts warn.
-
A delegation led by Azerbaijan's Minister of Economy, Mikayil Jabbarov, met with key Italian officials during an official visit to Italy, highlighting the strong and multifaceted partnership between the two countries.
-
The Cabinet of Ministers of the Republic of Azerbaijan approved amendments on July 17 to the list of goods, services, and tariffs regulated by the state, as well as adjustments to import and export customs duties. These changes, guided by Article 119, paragraph 8 of the Constitution of Azerbaijan, aim to streamline economic activities and improve the regulatory framework.
-
Rashad Huseynov has been appointed as the new director of the Center for Agricultural Research under the Ministry of Agriculture, replacing Firdousi Fikretzade who led the center since 2019. Fikretzade stepped down from his position on June 10 at his own request.
Leave a review