Baku / 19.05.20 / Turan: The Central Bank announced on May 19 the cancellation of the license of Standard Insurance Company. The decision was made by the Board of the Central Bank.The Central Bank said the reason was the company's complete loss of capital, violation of consumer rights, and the inability to carry out current activities. The Central Bank appointed an interim administrator for the company and went to court to begin bankruptcy procee...

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