LAW OF THE AZERBAIJAN REPUBLIC

of May 20, 1997 No. 296-IQ

About compulsory national personal insurance of the military personnel

 This Law governs the relations in the field of the state obligatory personal life insurance and health of the military personnel for the purpose of strengthening of their social protection.

Article 1. Legislation on compulsory national insurance of the military personnel

1.1. Compulsory national personal insurance of the military personnel is regulated by the Constitution of the Azerbaijan Republic, international treaties which participant is the Azerbaijan Republic, this Law, and also other regulatory legal acts of the Azerbaijan Republic.

1.2. The relations in the sphere of compulsory national personal insurance of the military personnel in the Alyatsky free economic zone are governed according to requirements of the Law of the Azerbaijan Republic "About the Alyatsky free economic zone".

Article 2. Basic concepts

2.1. The basic concepts used in this Law have the following values:

2.1.1. compulsory national personal insurance - system of the relations directed to compulsory insurance of life and the health insured according to this Law;

2.1.2. The insurer - the body (organization) determined by relevant organ of the executive authority, performing activities for the national compulsory personal insurance and exercising control of insurance funds according to the procedure, established by this Law;

2.1.3. Insured - persons serving in Armed Forces of the Azerbaijan Republic, the state security agencies, foreign intelligence agencies, subjects of intelligence and counterintelligence activities, and also other state bodies (the organizations entering into structure of state bodies) in which insurance activities is performed perform military officials;

2.1.4. Insurer - the body (organization) determined by the relevant organ of the executive authority paying insurance premium for the insurer and Military prosecutor's office of the Azerbaijan Republic;

2.1.5. Person having the right to insurance indemnity, - the insured or his heir having the right to insurance indemnity according to the procedure, established by this Law;

2.1.6. insured event - the case determined by article 5 of this Law, which is the basis for payment of insurance indemnity to person having the right to insurance indemnity;

2.1.7. insurance premium - the sum of money which is subject to payment by the insurer to the insurer for every year for each insurer according to the procedure and the size, provided by this Law;

2.1.8. insurance funds - the funds created at the expense of sources, the stipulated in Article 8-1.1 presents of the Law;

2.1.9. insurance indemnity - lump sum payment by the insurer to person having the right to insurance indemnity in case of loss occurrence;

2.1.10. Insurance reserve - the fund estimated in structure to 5% of the forecast of annual receipts for insurance premiums for the purpose of ensuring stability of insurance payments.

Article 3. Principles of the national compulsory personal insurance

3.1. The basic principles of the national compulsory personal insurance are:

3.1.1 Obligation of the national compulsory personal insurance;

3.1.2. Equality of subjects of the national compulsory personal insurance (insurer, insured, insured).

Article 4. Size of insurance sum and insurance premium

4.1. The insurer is insured for the amount eleven thousand manats.

4.2. The insurance premium is established in the amount of 1 percent from insurance sum, the stipulated in Article 4.1 presents of the Law.

Article 4-1. Rights and obligations of insured

4-1.1. Insured has the following rights:

4-1.1.1. demand from the insurer of availability of compulsory national personal insurance;

4-1.1.2. demand from the insurer and insured explanation of their rights and obligations on the national compulsory personal insurance;

4-1.1.3. demand from the insurer of payment of insurance indemnity according to the procedure and the terms established by this Law;

4-1.1.4. receive information on the amount of the insurance premium estimated and paid based on the written application from the insurer or the insurer.

4-1.2. The following obligations are assigned to the Insurer:

4-1.2.1. in cases when at the insurer it is impossible to obtain information through centralized electronic information system of body (organization) taking into account requirements of article 30.5 of the Law of the Azerbaijan Republic "About administrative production", determined by relevant organ of the executive authority, to provide to the insurer the documents and the information confirming loss occurrence, in full and authentically according to this Law;

4-1.2.2. in case of impossibility of receipt of information on such changes through centralized electronic information system of body (organization) determined by relevant organ of the executive authority in case of change of personal data in writing to inform insured within 5 working days.

4-1.3. Article 4-1.1. 2, 4-1.1.3 and 4-1.2.1 these Laws extend also to the heirs of insured person having the right to insurance indemnity.

Article 4-2. Rights and obligations of the insurer

4-2.1. The insurer has the following rights:

4-2.1.1. receive insurance premiums and quarterly reports from insurers;

4-2.1.2. in cases when it is impossible to obtain information through centralized electronic information system of body (organization) taking into account requirements of article 30.5 of the Law of the Azerbaijan Republic "About administrative production", determined by relevant organ of the executive authority, to request from necessary documents and data at person having the right to insurance indemnity, and also change in the financial accounting Information;

4-2.1.3. obtain information from the insurer and the relevant state bodies (organizations) in connection with establishment of insured event or the certificate that the insurer is considered insured for this purpose insured (including electronically);

4-2.1.4. analyze observance of requirements of this Law by the insurer and inform the body (organization) determined by relevant organ of the executive authority on results;

4-2.1.5. perform other rights established by this Law.

4-2.2. The following obligations are assigned to the insurer:

4-2.2.1. explain to person having the right to insurance indemnity and insured its rights and obligations on the national compulsory personal insurance;

4-2.2.2. provide payment of insurance indemnity according to the procedure and the terms established by this Law;

4-2.2.3. provide information on implementation of insurance payments to each insured face and body (organization) determined by the relevant organ of the executive authority exercising control of the national compulsory personal insurance according to article 9.1 of this Law;

4-2.2.4. record insurers and insurers based on information provided by the insurer;

4-2.2.5. provide accounting information on the amount of the insurance premium estimated and paid based on the written application of the insurer;

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