of June 18, 2002 No. 344-IIQ
About stimulation of insurance in agricultural industry
This Law establishes legal and economic basis of stimulation of proprietary insurance of producers of agricultural products, irrespective of pattern of ownership, in the Azerbaijan Republic, governs the relations between participants of insurance.
The purpose of the Law consists in stimulation of development of insurance in the agrarian sector with ensuring participation of the state in proprietary insurance of agricultural producers from natural disaster and strengthening of economic bases of guarantee of compensation of the damage caused to the insurer from insured events.
2.1. The legislation on stimulation of insurance in agricultural industry consists of this Law, the Civil code of the Azerbaijan Republic, the Law of the Azerbaijan Republic "About insurance activity" and the regulatory legal acts adopted according to them.
2.2. The relations in the field of stimulation of insurance in agricultural industry in the Alyatsky free economic zone are governed according to requirements of the Law of the Azerbaijan Republic "About the Alyatsky free economic zone".
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The document ceased to be valid since January 1, 2020 according to the article 21 Law of the Azerbaijan Republic of June 27, 2019 No. 1617-VQ