Azerbaijan eliminates cases of unlawful refusal to pay for insurance cases
Azerbaijan, Baku, Feb. 3 / Trend U.Ismayilova /
The Azerbaijani Finance Ministry's State Insurance Supervision Service ensured the payment of about 200,000 manat that insurance companies refused to pay in 2010.
According to the report, the payments were provided on the basis of complaints to the ministry by insurance victims.
There are 27 insurance and one reinsurance company in Azerbaijan. Premiums for 2010 amounted to 155.59 million manat with payments of 53.83 million manat.
The official exchange rate is 0.7961 manat to $3 Feb. 1.