bs-preloader__icon
ru kz en

They propose in Azerbaijan to punish insurance companies for high commission fees

During the meeting of insurance companies in connection with the electronic system of the Compulsory Insurance Bureau, which was held with the organizational support of the association, the need of prevention of artificial overstatement of commissions set by insurance companies for insurance brokers was discussed.
They propose in Azerbaijan to punish insurance companies for high commission fees

Chairman of the Association of Insurers of Azerbaijan Mustafa Abbasbeyli noted that it was necessary to seriously combat such types of law violations and prevent illegal discounts on the part of insurance agents. In this regard, it was decided to form a monitoring group on this issue with the support of the Chamber for Financial Markets Supervision and the participation of insurance companies’ representatives. It was noted that in cases of high commissions paid by the companies, appropriate measures would be taken to impose sanctions on these companies.

Source: https://www.trend.az/business/economy/2922457.html

Share
read also
100-year-old sisters shared the secret of a long life and a sharp mind
100-year-old sisters shared the secret of a long life and a sharp mind

103-year-old Ruth Swidler from the USA and her 106-year-old sister Shirley Hoads reve...

A.M. Best: Life insurance sector is still dealing with major challenges
A.M. Best: Life insurance sector is still dealing with major challenges

The largest rating agency A.M. Best informs that the US life insurance and pensionary...

Most of the accidents in Kazakhstan take place in September and October
Most of the accidents in Kazakhstan take place in September and October

It is proved by the analysis of statistics of accidents happened to the clients of th...

The most interesting materials of the site you have in the mail! Subscribe to the newsletter.

ASK A QUESTION TO THE EXPERT
ASK A QUESTION TO THE EXPERT
Submit your application