Azerbaijan, Baku /corr. Trend U.Ismaylova / On 23 August the Finance Ministry of Azerbaijan cancelled the license for the insurance, re-insurance and broker company Cahan, said the Head of the Ministry's Department for State Insurance Control, Namik Khalilov, on 28 August.
"The Ministry Department was unable to locate the Cahan office despite being given the address by the staff at Cahan," Khalilov said.
According to Khalilov, the license has been canceled due to the untimely submission of the financial reports for the first half-year.
The insurance, re-insurance and broker company Cahan had received its license on 5 August 2003.