Another insurance company liquidated in Azerbaijan
- 16 June 2021
Insurance company Bashak-Inam has announced about its liquidation.
banks.az reports that company’s creditors can submit their claims within two months at the following address: AZE1141, Baku, Yasamal district, 79 Javid Avenue.
The license for insurance activity issued to Bashak-Inam on the basis of the decision of the Board of Directors of the former Financial Markets Supervision Authority (FIMSA) from 6 October 2017 has been canceled.
FIMSA’s decision was made as, according to Bashak-Inam’s reports submitted in 2017, its total capital was below the level established by law.
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