BAKU, Azerbaijan, The Central Bank of Azerbaijan (CBA) has suspended licenses of five individual insurance agents, Trend reports via the CBA.

According to the bank, the revocation of the licenses were based on the voluntary application, in accordance with Article 107.1.1 of the Law of the Republic of Azerbaijan ‘On insurance activity’.

List of insurance agents whose licenses have been revoked:

№     Insurance agent  License issue date        License number

1       Ilkin Huseynov    13.02.2013         000861

2       Mahir Hasanov   05.03.2012         000575

3       Ilham Ismailov    18.03.2011         000417

4       Samira Garayeva          25.09.2019         SA-0140

5       Kamala Aghayeva        21.07.2009         000208

Source: TREND News Agency