LAW OF THE AZERBAIJAN REPUBLIC

of December 16, 2014 No. 1130-IVQD

About introduction of amendments to the Law of the Azerbaijan Republic "About compulsory national personal insurance of the military personnel"

Being guided by Item 27 of part I of article 94 of the Constitution of the Azerbaijan Republic, in connection with application of the Law of the Azerbaijan Republic "About introduction of amendments to the Law of the Azerbaijan Republic "About compulsory insurance" of June 20, 2014 the Majlis of the Azerbaijan Republic decides Millie's No. 1000-IVQD:

In the Law of the Azerbaijan Republic "About compulsory national personal insurance of the military personnel" (Collection of the legislation of the Azerbaijan Republic, 1997, No. 5, Article 399; 2001, No. 12, Article 736; 2005, No. 8, Article 692, No. 10, Article 872; 2006, No. 12, Article 1007; 2008, No. 6, Article 462, No. 11, Article 960; 2011, No. 2, Article 71; 2013, No. 12, Article 1491) to make the following changes:

1. Add Article 3 with the second part of the following content:

"The insurer has no right to refuse the conclusion of the contract of compulsory insurance with the relevant organs of the executive authority provided by the first part of article 6 of this Law, which addressed for insurance of the corresponding risks and having insurance interest.".

2. Add Article 6 with the seventh part of the following content:

"If the insurer does not pay insurance indemnity during the term established by the fifth part of this Article, then it pays penalty in the amount of 0.1 percent from the amount of insurance indemnity for each overdue day.".

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