Azerbaijan Industrial Insurance OJSC / Azrbaycan Snaye Sgorta ASC

Azerbaijan Industry Insurance OJSC was established by changing the organizational and legal form of CI Insurance LLC founded on December 17, 1996 under the Ministry of Justice of the Republic of Azerbaijan and is legal heir. According to the relevant statement at the end of 2008, the Company changed its organizational-legal form into Open Joint Stock Company. Charter Capital of the Company registered by the state with the charter capital in the amount of 125 000 USD, was amounted to 4 000 000 manats. Pursuant to the article 4.4 of the Law of the Republic of Azerbaijan made on June 28, 2012 by State Insurance Supervision Service under the Ministry of Finance of the Azerbaijan Republic on the Compulsory Insurance, the Azerbaijan Industry Insurance OJSC was permitted to act on types of compulsory insurance. Thereby, the Company was admitted to a membership of Compulsory Insurance Bureau. On December 12, 2012, the Companys charter capital increased and was amounted to 8 160 000 manats. ...