BAKU, Azerbaijan, April 5. The Central Bank of Azerbaijan (CBA) has suspended the activities of three insurance brokers and six legal entities engaged in the activities of an insurance agent, the CBA's press service told Trend.
The revocation of licenses is based on the decision of the Central Bank of April 4, 2023, due to the failure to provide the relevant report in accordance with Article 106.1.10 of the Law "On Insurance Activities".
"The activities of insurance agents have been suspended for three months," the CBA said in a statement.
|
№ |
Holders of licenses |
Date of issue of the license |
Number of licenses |
|
1 |
AZ Group Insurance Agent LLC |
16.05.2019 |
SA-050 |
|
2 |
CİB Insurance Agent LLC |
01.12.2022 |
SA-0264 |
|
3 |
Chetir Insurance Agent LLC |
30.03.2012 |
000606 |
|
4 |
Guvan Insurance Agent LLC |
18.02.2015 |
080656
|
|
5 |
Qarant Insurance Agent LLC |
01.07.2009 |
000226 |
|
6 |
Progress Insurance Agent LLC |
29.02.2016 |
088992 |
|
7 |
Buta Insurance & Reinsurance Broker CJSC |
10.05.2019 |
SB-005 |
|
8 |
Odlar Yurdu Insurance Broker LLC |
05.11.2014 |
080624 |
|
9 |
Sizin Insurance Broker LLC |
02.10.2017 |
SB-002 |