Regulatory Alerts2023-05-25
Approval of Requirements for Compulsory Insurance Certificates on Immovable Property, Civil Liability, and Passenger Accident
The Management Board of the Central Bank of Azerbaijan approves standardized electronic forms and content for compulsory insurance certificates covering immovable property, civil liability from property exploitation, and passenger accident insurance. These requirements mandate precise data fields for insurers, policyholders, and property details alongside automated premium calculations and multiple verification barcodes. The approved normative acts must be submitted to the State Register of Legal Acts within three days for official publication.
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