Regulatory Alerts2024-01-31
Regulation on the Form and Completion of Licenses for Insurance, Reinsurance, Agents, Brokers, and Actuarial Certificates
The Central Bank of the Republic Azerbaijan standardizes the form and completion procedures for insurance, reinsurance, agent, broker licenses, and actuarial certificates. It mandates precise data entry including registration numbers, permitted activity types, entity identifiers, and a fixed five-year validity period for certificates, while strictly prohibiting any corrections to the completed forms. Authorized Central Bank officials must sign and seal all documents, with clearly marked duplicate copies issued to replace those lost or invalidated.
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