Regulatory Alerts2019-09-02
Order on the Regulation of Certain Issues in Insurance Activity
The Ministry of Finance of the Republic of Azerbaijan issued Decision No. Q-08 to establish comprehensive regulatory standards for insurance companies, brokers, and agents. The decision mandates minimum requirements for official websites and electronic information systems, defines actuarial calculation guidelines, and sets professional liability insurance amounts for brokers. It further approves detailed reporting forms, streamlines merger approval documentation, and repeals prior orders to ensure consistent market supervision.
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