Azerbaijani Insurance Company “Qarant Sigorta” gets term-less license
Azerbaijan, Baku, July 26/ Trend/
Azerbaijan's Ministry of Finance provided "Qarant Sigorta" insurance company with a term less license, the official website of State Insurance Supervision Service under the Ministry of Finance reported on Thursday.
"The company was provided with the license on July 23, 2013, due to the expiration of its previous authorization and in accordance with the law "On insurance activity," the report said.
"Qarant Sigorta" insurance company, which started operating on November 27, 2007, is included in one of the largest holdings in Azerbaijan - Garant Holdings. The authorized capital of the company amounts to 5 million manat.