of July 20, 2005 No. 141
About determination of the credit ratings demanded from banks for storage in banks in full the authorized capital paid by the insurer in the form of money
Due to the execution of Item 1.3 of the Presidential decree of the Azerbaijan Republic "About application of the Law of the Azerbaijan Republic "About modification and amendments in the Law of the Azerbaijan Republic "About insurance" of August 3, 2004 the No. 103 Cabinet of Ministers of the Azerbaijan Republic decides:
1. To establish lower limit of the credit rating demanded from banks for storage in banks in full the authorized capital paid by the insurer according to Item 5 of article 8 of the Law of the Azerbaijan Republic "About insurance" on the international rating organizations in the following procedure:
+----------------------------------------------------------+ ¦ № ¦Название международной рейтинговой организации¦Рейтинг¦ ¦п/п¦ ¦ ¦ +---+----------------------------------------------+-------¦ ¦ 1 ¦ 2 ¦ 3 ¦ +---+----------------------------------------------+-------¦ ¦ 1.¦"Standart & Poor*s" ¦ А- ¦ ¦ 2.¦"Moody*s" Investors Service" ¦ А3 ¦ ¦ 3.¦"Duff & Phelps" ¦ А- ¦ ¦ 4.¦"A.M. Best" ¦ Б- ¦ ¦ 5.¦"Weiss" ¦ Б- ¦ ¦ 6.¦"Fitch" ¦ А- ¦ +----------------------------------------------------------+
2. This resolution becomes effective from the date of signing.
Prime Minister
Azerbaijan Republic A. RASI-ZADE
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