License of insurance company abolished in Azerbaijan

Azerbaijan Ministry of Finance abolished the license of Fidan Sigorta OJSC. State insurance Supervisory Service says that, the reason of abolishment was that, m the company did no fulfill the presentations by state on norms of financial stability and payment ability based on insurance legislation.

Remind that, owned by several individuals Fidan Sigorta had been in operation since 1994. The company operated 14 voluntary and 4 compulsory insurance types.


/APA/