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
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Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
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