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Azerbaijani Finance Ministry Removes Facts of Illegal Refusal from Insurance Repayment

Business Materials 23 November 2006 17:14 (UTC +04:00)

Over the first 10 months of 2006, the Department for Insurance Control of the Azerbaijani Ministry of Finance has received 31 complaints on insurance payments from the suffered individuals regarding the insurance cases. The Ministry informed Trend that the insurance companies refused to pay in 19 cases without any grounds. The interference of the Department provided the repayment of 36,264 manats.

In January to October while inspecting the relevance of the activities of companies in conditions and requirements of licenses, the Department for Insurance Control revealed 8 more facts when insurers refused to carry out payments. In result a total of 7,130 manats were paid to the suffered individuals.

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