Azerbaijan, Baku, Nov 12 /Trend A.Akhundov/
The Central Bank of Azerbaijan (CBA) signed a contract with a local insurance company Atəşgah Sığorta, which won the tender for the purchase of the insurance package by the Central Bank, which includes insurance of fixed assets, cash and vehicles (CASCO), the tender commission said.
Bidders had to have a license for these types of insurance, and be members of the Bureau for compulsory insurance.
The level of authorized capital of the bidders had to meet the requirements of the Ministry of Finance and be at least five million manat.
CBA has determined the insurer on October 19.
Under the terms of the tender, the winner had to start the service from October 25, mandatory liability insurance of vehicle owners - from January 25, 2013. Services will be provided within 12 months.