CBA provides mandatory instruction to insurance and reinsurance brokers
The Central Bank of Azerbaijan (CBA) has issued a mandatory instruction to ‘Insurance and Reinsurance Brokers Xəmsə’.
This is reported on the website of the Central Bank.
According to the statement, during the planned and comprehensive inspection conducted by the institution, the company's compliance with insurance legislation and licence requirements was checked.
According to Article 102.2.9 of the Law ‘On Insurance Activity’, the insurance and reinsurance broker provided a mandatory instruction regarding the identified defects and shortcomings.
Finance
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