3 insurance brokers temporarily suspended from market in Azerbaijan

The Central Bank of Azerbaijan has suspended for one month the licences of insurance agent for 2 physical entities and insurance broker for 1 physical entity. This is reported on the CBA website. This decision was adopted on 16 December in accord with the Law 'On Insurance Activity', the report says. The licences were suspended due to lack of relevant report. At present, 421 physical entities in Azerbaijan have a licence of insuranc...

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