Azerbaijan, Baku, Jan. 23/ Trend U. Ismaylova/ In 2008 the Azerbaijan's Ministry of Finance ensured payments on insurance cases in the amount of 49,920 manats which insurance companies refused to pay without any reason, the Ministry said on Jan. 23.
The control department revealed these violations on the basis of 17 complaints from legal and physical entities - insured people.
In Azerbaijan 28 insurance and 1 reinsurance companies operate with total volume of premiums in the amount of 146.41 million manat under payment of 36.82 million manat as a result of January-September 2008. The volume of payments increased 45.2% per year.
The insurance payments on life insurance for the third quarter totaled 0.29 million manat, Non-life insurance 28.81 million manat, on obligatory insurance 7.72 million manat.
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