In January, the total premiums of insurance companies in the framework of compulsory insurance and disability of individuals from accidents and occupational diseases accounted for 2.5 million manat (92.1% more than a year earlier).
As Azerbaijan Insurers Association (AIA) told Turan, against this background, the level of payments reduced - 151.9 thousand manat (minus 17.5%).
Recall that services under this type of insurance valid from December 16, 2010 are provided by 3 insurance companies.
In November of the same year the Cabinet approved the corresponding rates of payments. According to the decree, all economic activities are divided into 14 levels of risk on the basis of which the size of the insurance rate is determined for employees and workers, which ranges from 0.2% to 2% depending on the risk level at the enterprise.
Under the law an insurance rate is estimated against the wages fund in the enterprise. The law provides for three types of insurance payments: monthly, one-time and extra. --17D-
Economics
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