BAKU, Azerbaijan, January 13. The Central Bank
of Azerbaijan has suspended the licenses of 15 people and two
authorized entities – insurance coverage brokers, Trend studies through the financial institution.
According to the financial institution, the revocation of the licenses had been primarily based
on voluntary software, in accordance with Article 107.1.1 of the
Law of the Republic of Azerbaijan ‘On insurance coverage exercise’.
List of insurance coverage brokers whose licenses have been revoked:
| № | Insurance agent | License problem date | License quantity |
| 1 | Rugiyya Babazadeh | 29.12.2020 | SA-0203 |
| 2 | Emil Bakhshiyev | 26.12.2017 | SA-0026 |
| 3 | Sabina Amirova | 29.12.2020 | SA-0192 |
| 4 | Fuad Farajov | 24.01.2014 | 080523 |
| 5 | Gozal Kosaman | 29.12.2020 | SA-0193 |
| 6 | Gudrat Guliyev | 19.03.2014 | 080551 |
| 7 | Konul Labibova | 14.08.2009 | 000236 |
| 8 | Rauf Manafov | 29.12.2020 | SA-0201 |
| 9 | Ramin Mehdizadeh | 29.12.2020 | SA-0195 |
| 10 | Kamran Mikayilov | 29.12.2020 | SA-0204 |
| 11 | Elvin Musayev | 29.12.2020 | SA-0197 |
| 12 | Ilaha Naghizada | 29.12.2020 | SA-0196 |
| 13 | Istimas Niftaliyeva | 29.12.2020 | SA-0210 |
| 14 | Jeyhun Rafiyev | 20.09.2012 | 000757 |
| 15 | Khayal Rustamov | 29.12.2020 | SA-0205 |
| 16 | Compass International LLC Azerbaijan | 24.01.2012 | 000525 |
| 17 | UGUR Insurance Agency LLC | 13.06.2011 | 000445 |
