30 insurance intermediaries temporarily suspended from market in Azerbaijan

The Central Bank of Azerbaijan has suspended licences of insurance agents issued to 28 physical and 2 legal entities ("AzPro Consalting" and |Davod" companies) for one month. This is reported on the website of the regulatory body. The report says that these insurance brokers did not submit CBA reports on time. Therefore, on 25 June, in accordance with the Law "On Insurance Activity", a decision was adopted to tempor...

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