Bureau of compulsory insurance (ISB) has paid compensation in the amount of AZN 5 in connection with the death of a citizen in a traffic accident.
According to a press release from the Office (http://isb.az/index.php?option=com_content&view=article&id=107%3Acbari-sorta-buerosu-trfindn-17052013-cue-il-tarixind-10-cu-kompensasiya-oednii-hyata-kecirilmidir&catid=2%3A2011-11-10-08-59-24&Itemid=5&lang=az), the incident was last year in Ziya Bunyadov Street in the capital.
"Compensation was paid on May 17 by the non-cash payment (by mail)", - the report says. This is the seventh compensation payments made by the Bureau.
Financial reserves the Bureau to January 1, 2013 amounted to 4 million 88.67 million manat.
Compulsory Insurance Bureau was established in the law "On mandatory types of insurance" and the start of operations in December 2011. Members of the Bureau are currently 11 insurance companies operating in Azerbaijan.
The main function of the Bureau is the implementation of compensation, management of certain financial fund, which will be produced by means of the payment of compensation.
Financial Resources of the Bureau are formed from several sources. First, it will be an entrance fee, which make insurers, for the Bureau to get started. Second, insurers do security deposit for each type of compulsory insurance, which want to do. Third, 5% of the total premiums for compulsory, insurance companies should be transferred monthly to the Bureau.
Bureau members at the moment are 11 companies: "Azers?gorta", AXA MBASK, "Ateshgah", "Xalq S?gorta", "Standard Insurance", "Pasha S?gorta", "AzS?gorta", "Meqa S?gorta", "Ata S?gorta", " Ipek Yolu Sigorta "and" Azerbaycan Senaye Sigorta ". The company "Alfa S?gorta" Finance Ministry denied a license for alleged violation of the rules on compulsory motor TPL insurance. - 17D-
Economics
-
On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
-
Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
-
Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
-
While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
Leave a review