Açiq mənbələrdən foto.
Baku/17.01.23/Turan: The Central Bank of Azerbaijan (CBA) has clarified the situation with the refusal of insurance companies to insure the civil liability of owners of small motor vehicles, which are mainly used as taxis.
The CBA statement says that the insurers have no right to refuse to insure cars.
According to the Law "On Compulsory Insurance", an insurer cannot refuse to conclude a contract of compulsory insurance for a person who has applied for insurance of relevant risks and has an insurable interest. If such an event occurs, you may file a complaint to the CBA by calling the 966 hotline or by filing a complaint in writing. All complaints are dealt with promptly, taken under control and investigated immediately, and the citizen is assured that the insurer of his choice will sell the certificate of compulsory insurance within a short period of time.
At present, in order to monitor the situation on the compulsory motor insurance market and address existing problems, the CBA regularly conducts rigorous monitoring, comprehensive analysis and assessments. Based on the results of the assessments, the necessary steps will continue," the regulator said in a statement. -0-
Finance
-
The Unemployment Insurance Fund (UIF) under the Ministry of Labor and Social Protection of the Population does not provide information about its investment activities, the conclusion of the Chamber of Accounts on the draft budget law for the Fund for 2025. According to the document, the draft budget does not include any indicators related to the Fund's investments or income from such activities.
-
As of the end of 2023, investments of the State Social Protection Fund (SSPF) under the Ministry of Labor and Social Protection of the Population amounted to 2,515.3 million manats, the conclusion of the Chamber of Accounts on the draft budget law for the Fund for 2025.
-
In Azerbaijan, approximately 6.5 billion manats will be allocated from the state budget for 2025 to implement the "Social and Economic Development Strategy for 2022-2026", the conclusion of the Chamber of Accounts on the draft law "On the State Budget for 2025." According to the document, this amount represents a 17.2% increase compared to the approved forecast for 2024.
-
The Central Bank of Azerbaijan has reinstated the license for an insurance agent issued to an individual, Nabiyev Sabukhi Zakirovich, the regulator's official website reported. The announcement states that the decision was made on November 19 in accordance with the Law on Insurance Activity. The reason for the reinstatement is that the insurance broker has addressed the issues that led to the suspension of the license. Currently, there are 426 individuals and 57 legal entities holding insurance agent licenses in Azerbaijan.
Leave a review