The Chamber informs that eight applications for insurance license and six permissions for certain types of insurance services are under consideration.
"In compliance with FMSC Board of Directors' Decision from 4 May 2016 the validity of license of one legal entity and 131 individuals (insurance agents), who did not submit statements on turnover, was suspended for three months," the Chamber said.
The FMSC also announced that the Board of Directors made a decision on the elimination of 40 licenses of insurance agents (individuals) who failed to eliminate their shortcomings in the set terms. Read the full story 14 claimants for insurance license appear in AZERBAIJAN
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