Premiums on compulsory insurance on labor ability loss in production hits 2mln manat in Azerbaijan
Azerbaijan, Baku, March 15 / Trend U.Ismayilova /
The Azerbaijani insurance companies' premiums on compulsory insurance on labor ability loss in production amounted to 1.957.090.17 manat in January -February 2011, the Azerbaijani Finance Ministry reported
Payments on this type of insurance for this period have not yet been implemented.
To date, only three life insurance companies that are licensed to provide services for compulsory insurance on labor ability loss in production operate in Azerbaijan; they are Ateshgah Heyat, Qala Heyat and Pasha Heyat.
Some 28 insurance companies and one reinsurance company operate in Azerbaijan today.
The official exchange rate is 0.7933 manat to $1 on March 15.