Restrictions lifted off Azerbaijan's AtaInsurance company

Finance Materials 1 May 2019 10:43 (UTC +04:00)

Baku, Azerbaijan, May 1

By Kheyraddin Nasirzade – Trend:

The Financial Market Supervisory Authority of Azerbaijan (FIMSA) has lifted restrictions on the license of AtaInsurance company for compulsory civil liability insurance for vehicle owners, first deputy chairman of the company’s board Orkhan Mammadov told Trend May 1.

He noted that the insurance company has fully restored its activities and will continue its work.

FIMSA restricted AtaInsurance company’s license on April 12. The decision was made because the insurance company violated the law "On insurance activity" when concluding contracts on compulsory civil liability insurance for vehicle owners.

AtaInsurance company has been operating in Azerbaijan since 2004.


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