Regulatory Alerts2019-09-01
Added · Updated
Approval of Insurance Rules for Full Automobile Insurance for Individuals
The Collegium of the Ministry of Finance of the Republic of Azerbaijan approves the Insurance Rules for Full Automobile Insurance for Individuals, which establish mandatory rules and conditions for voluntary full insurance of automobiles owned by individuals. The rules define insurance classes including vehicle insurance, civil liability insurance of vehicle owners, and personal accident insurance, and specify the rights, obligations, and procedures for policyholders and insurers. The rules enter into force on January 1, 2015, while existing tariff calculation methods remain applicable until that date.
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