TURKMENISTAN: procedure for claim payment to military personnel under compulsory state insurance to be simplified

On October 29, 2020, at a meeting of the Cabinet of Ministers, the Deputy Prime Minister for Economy and Finance announced that work is underway on compulsory insurance of military personnel in accordance with the Decree of the President of Turkmenistan d/d March 31, 2010 "On compulsory state personal insurance of military personnel and persons liable for military service, persons of ordinary and commanding staff of internal affairs bodies", writes turkmenportal.com.

TURKMENISTAN: A new draft on individual mandatory state insurance is underway

Turkmenistan is about to introduce a mandatory insurance for the passengers of all transport types, Turkmenportal informs. The corresponding draft of the latest edition of "Rules for mandatory state insurance of passengers of all types of transport and transport complex employees" was presented by Deputy Chairman of the Cabinet of Ministers, Gadyrgeldi MUSHSHIKOV, at a recent session of the government.

TURKMENISTAN: Steps forward to create a single insurance information network

The State Insurance Organization of Turkmenistan, for the time being the sole insurance entity in the country, is completing the creation of a single information network, TREND news agency reported. The Turkmen State Insurance Organization has an extensive network in the country of more than 40 offices and is currently taken steps to expand its partnerships with leading international insurance, reinsurance companies and insurance brokers.

Turkmenistan launches the entities to supervise the privatization of state property

Turkmen President Gurbanguly BERDIMUHAMEDOV signed a decree on the establishment of relevant interdepartmental central committee at the Ministry of Economy and Development of Turkmenistan for the execution of the law "On denationalization and privatization of state property", TREND News Agency reported on August 1st.

TURKMENISTAN: A chance for the insurance market demonopolisation in 2014

Starting July 1st, 2014 in Turkmenistan the process of demonopolisation and privatisation of state property will begin, in accordance with the law adopted in December 2013 by the Turkmen Parliament. The new law enforcement also addresses the development of the insurance industry, as it allows the entrance of private capital in this area of business, previously completely controlled by the State through a state monopoly insurance company (The State insurance Company of Turkmenistan).

TURKMENISTAN introduced compulsory ecological insurance

Compulsory ecological insurance is being introduced in Turkmenistan on March 1, 2013 for enterprises and those conducting ecologically dangerous activities according to an official source from Turkmenistan.

TURKMEN parliament approves insurance bill

The Majlis (Turkmen Parliament) at the next meeting of the fourth convocation of the country has approved the law on Insurance, an official Turkmen source said today.