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Azerbaijani insurance company announces its liquidation

Azerbaijani insurance company announces its liquidation

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Date: 30 December 2015 13:17

Baku, Azerbaijan, Dec.30

By Anvar Mammadov – Trend:

Azerbaijani insurance company Garant Insurance JSC has announced its liquidation, Vergiler (Taxes) newspaper reported Dec.30.

The company’s creditors should submit their claims to the following address within two months: Baku, Sarabskiy Street, 657, 6th floor, Garant Holding.

Garant Holding is one of the founders of Garant Insurance company that has been operating since 2007. The company was rendering services on 18 types of voluntary insurance.

The authorized capital of the insurance company reached 4 million manats. The official exchange rate on Dec.30 is 1.5594 AZN/USD.

The company’s dues stood at 3.99 million manats in Jan.-Oct. 2015, while the payments totaled 1.7 million, according to Azerbaijan’s State Insurance Supervision Service.

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