News

Information on suspended licenses in the insurance sector

05-04-2023

05 April 2023, Baku –  Due to non-submission of the relevant report in accordance with Article 106.1.10 of the Law of the Republic of Azerbaijan ‘On Insurance Activity’, the licenses issued to 3 insurance brokers being legal entities and 6 legal entities engaged exclusively in the insurance agent activity (the list is attached) were suspended for 3 months by the Resolution of the Central Bank of the Republic of Azerbaijan dated 4 April 2023.

 

LIST

of legal entity insurance intermediaries whose licenses have been suspended according to Article 106.1.1 of the Law of the Republic of Azerbaijan "On Insurance Activity"

 

License holder

License number

License date

TIN

1

“AZ Group Sığorta Agentliyi” LLC

SA-050

16.05.2019

1603167921

2

“CİB Sığorta Agentliyi” LLC

SA-0264

01.12.2022

2007549011

3

“Çətir Sığorta Agentliyi” LLC

000606

30.03.2012

1402159161

4

“Güvən Sığorta Agentliyi” LLC

080656

18.02.2015

1902274381

5

“Qarant Sığorta Agenti” LLC

000226

01.07.2009

1401589601

6

“Progress-Sığorta Agentliyi” LLC

088992

29.02.2016

2002748291

7

“Buta Sığorta və Təkrar Sığorta Brokeri” LLC

SB-005

10.05.2019

1702595671

8

“Odlar Yurdu Sığorta Brokeri” LLC

080624

05.11.2014

2003062681

9

“Sizin Sığorta Brokeri” LLC

SB-002

02.10.2017

1304432171