Regulatory Alerts2026-07-03
Added · Updated
Regulation on Calculation of Insurance Premium Amounts for Compulsory Vehicle Civil Liability Insurance
The Central Bank of the Republic of Azerbaijan issued Resolution No. 25/1 to establish the methodology for calculating compulsory motor vehicle third-party liability insurance premiums. The regulation defines a base premium of 50 AZN and mandates the application of specific coefficients for vehicle type, driver age and experience, usage area, vehicle age, and insurance history to determine final costs for both individual and legal entity policyholders. It further specifies premium caps, special rules for taxi operations, and transitional provisions for existing policyholders transitioning to the new coefficient system.
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