Regulatory Alerts2019-09-01
Approval of Normative Legal Acts Related to the Application of the Law on Compulsory Insurance against Occupational Accidents and Diseases
The Ministry of Finance Collegium of Azerbaijan approved three normative legal acts to implement the Law on Compulsory Insurance against Occupational Accidents and Diseases. The approved rules establish standardized actuarial methods for calculating annuity fees, define the mandatory content and procedures for concluding, amending, and terminating annuity contracts, and specify the calculation formula for determining total insurance amounts. These regulations replace prior ministerial orders and mandate state registration within three days to ensure consistent implementation across insurance providers.
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