Regulatory Alerts2025-12-08
Regulations on Debt Issuance to Insured Persons by Savings Insurance Insurers
The Ministry of Finance of Azerbaijan issued regulations establishing the conditions and procedures for savings insurance insurers to grant non-cash debts directly to insured persons. These obligations must be secured by the policy's surrender value, cannot exceed fifty percent of that value or the contract's remaining term, and require a minimum two-year policy validity. The framework permits lump-sum or installment repayments without prior policyholder consent or late fees, while mandating that any outstanding balances be deducted from the final insurance payout.
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