Azerbaijani Finance Ministry Issues Unlimited Licenses to Two Companies for Insurance Activity

Business Materials 25 November 2008 16:50 (UTC +04:00)

Azerbaijan, Baku, 25 November / Trend , corr. U.Ismaylova /Azerbaijani Finance Ministry issued unlimited license to Emrah Sigorta and MBASK to carry out insurance activity in the country, a source from the Ministry said.

Unlimited licenses are issued in Azerbaijan under the insurance law 'On insurance activity'. The law was approved on 15 March.

Finance Ministry previously issued unlimited licenses to the Azerbaijani-Turkish Gunay Anadolu Sigorta, Azergarant, Star Alliance insurance companies, as well as two insurance brokers - Azerbaijan insurance broking and AON Azeri Sigorta.

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