Today.Az » Business » Activity of Absheron and Azergarant Insurance Companies restricted
26 April 2006 [08:15] - Today.Az
The Ministry of Finance stopped activity of the Absheron and Azergarant Insurance Companies on two insurance kinds.
APA was told by the director of the insurance supervision department of the Ministry Beybala Khankishiyev.
According to Mr. Khankishiyev, the activity of the Azergarant Insurance Company was stopped on the KASKO insurance of transport means and insurance of property from fire and additional risks, and activity of the Absheron Insurance Company was stopped on the obligatory fire insurance and insurance of property from fire and other additional risks: "Some shortcomings were revealed in both countries and they were instructed to eliminate those shortcomings. Those faults include delays in disbursement of insurance payments and etc."