Regulatory Alerts2026-01-28
Resolution on Lump Sum Funds and Insurance Premiums for Insurers Operating in the Green Card System
The Board of the Ministry of Finance of Azerbaijan issued Resolution No. Q-10 to establish financial requirements for insurers operating under the Green Card System. The resolution mandates a fixed lump sum payment of 10,000 manats to the Compulsory Insurance Bureau’s current liabilities reserve account and defines tiered insurance premiums based on vehicle type, destination country group, and contract duration. It further specifies that premiums for vehicles traveling to multiple destination countries are calculated according to the highest applicable category, with full implementation effective January 1, 2016.
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