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Azerbaijan sees 24% rise in compulsory insurance of automobiles


In December 2017, 77,741 contracts on compulsory insurance of civil liability of vehicle owners were registered in Azerbaijan, up 24% from previous year, Compulsory Insurance Bureau of Azerbaijan (CIB) said.

 

CIB says 14,711 of these cars were registered in the foreign country and entered in Azerbaijan for transit.

 

Insurance premiums on these contracts made up AZN 5,957,574, up 19% in comparison with a year earlier.

 

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