ECONOMY
COMPANIES ENGAGED IN PASSENGER TRANSPORTATIONS WITHOUT CONCLUSION OF CONTRACT WITH INSURANCE COMPANIES TO BE FINED
As correspondent AzerTAj informs, discussed was the bill “On amendments and supplement in some legislative acts in connection with introduction of the Law of the Azerbaijan Republic “On obligatory insurance of passengers” and “On modification in some acts of the Azerbaijan Republic and recognition of some acts as stale”.
Chairman of committee Sattar Safarov informed that in connection with introduction of the Law “On obligatory insurance of passengers” amendments were made in the Code of Administrative Offences. In the appendix, it is said that if the legal and physical persons engaged in passenger transportations will carry out activity without conclusion of the contract on insurance with the corresponding organization they will be fined in from 10 up to 20-fold sum of conditional financial unit. And for officials, the amount of penalty will be even higher.
Then, amendments and changes were made in the Civil Code and the laws “On courts and judges ”, “On the Notary”.
After discussions, the bills were decided to be submitted for consideration in the parliament.