For individuals

 

 

1. Be at least 19 years old;

2. Notary certified document on no previous imprisonment due to serious or very serious criminal action on property damage and business activity (application for background clearance);

3. Passing the relevant attestation according to the rules set by FIMSA for obtaining relevant license;

4. No any previous suspension of the license of insurance activity;

5. Not being in the position with the authority to control, regulate or put pressure on insurance activities.

Other required documents to obtain license:

1. Application form;

2. Safe background clearance;

3. Copy of the national identification card with Notarial certification or certified according to the Article 9 of the Law of Azerbaijan Republic on “Administrative Proceedings”;

4. Copy of the registration with the tax authorities with a Notarial certification or certified according to the Article 9 of the Law of Azerbaijan Republic on “Administrative Proceedings” (After passing attestation);

Original document certifying the payment of state fee for issuance of licenses for insurers (after passing attestation);