CBA revokes license of one more local insurer
.jpg)
By Trend
The license of another Azerbaijani insurance company has been revoked, Trend reports citing a publication of the Central Bank of Azerbaijan (CBA) on the Twitter page.
According to the CBA, in accordance with Article 107.1.1 of the Law of Azerbaijan ‘On Insurance Activity’, on the basis of a voluntary appeal by the decision of the Board of the CBA dated March 10, 2021, license No. 000271 dated October 15, 2009 issued to Ravan Sigorta OJSC, has been revoked.
Thus, the number of insurance companies in the domestic market dropped to 20.
--
Follow us on Twitter @AzerNewsAz
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!