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RESOLUTION OF BOARD OF CENTRAL BANK OF THE AZERBAIJAN REPUBLIC

of January 26, 2024 No. 04/2

About approval of "The minimum requirements to implementation of independent expert activities"

Based on article 94-1.10 of the Law of the Azerbaijan Republic "About insurance activity" and article 22.1.17 of the Law of the Azerbaijan Republic "About the Central bank of the Azerbaijan Republic" the Board of the Central bank of the Azerbaijan Republic DECIDES:

1. Approve "The minimum requirements to implementation of independent expert activities" (are applied).

2. Charge to Legal department to provide in 3-day time submission of this Resolution to the Ministry of Justice of the Azerbaijan Republic for entering into the State register of legal acts of the Azerbaijan Republic.

Chairman of the Central bank

Talekh Kazimov

Approved by the Resolution the Central bank of the Azerbaijan Republic on January 26, 2024 No. 04/2

Minimum requirements to implementation of independent expert activities

1. General provisions

1.1. These Requirements are developed according to article 94-1.10 of the Law of the Azerbaijan Republic "About insurance activity" (further - the Law) and determine the minimum requirements to implementation of independent expert activities.

1.2. Parts 2, of 4 and 6 these Requirements are not applied to the independent experts appointed according to the Law of the Azerbaijan Republic "About agrarian insurance".

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