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
Wills for a billion: how Unit linked can help transfer foreign assets to heirs
Wills for a billion: how Unit linked can help transfer foreign assets to heirs

The transfer of foreign assets to the heirs will soon become an urgent issue for the ...

What is life insurance?
What is life insurance?

There are 373.5 million insurance policies in the United States. It is 100 million mo...

The salaries in Kazakhstan decreased – National Statistics Office
The salaries in Kazakhstan decreased – National Statistics Office

According to the National Statistics Office, the average monthly nominal salary of on...

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