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LAW OF THE AZERBAIJAN REPUBLIC

of May 17, 1996 No. 73-IQ

About the status of the deputy Millie of Majlis of the Azerbaijan Republic

(as amended on 22-06-2021)

Chapter I. General provisions

Article 1. Constitutional bases of the status of the deputy Millie of Majlis of the Azerbaijan Republic

Bases of the status of the deputy Millie of Majlis of the Azerbaijan Republic (further - the deputy) are determined by Articles 4, of 82, of 83, parts three and the fourth Article 84, Articles 85, of 86, of 87, Article part two 88, Articles 89, of 90, of 91, Item 3 parts one of Article 94, part one of article 96 of the Constitution of the Azerbaijan Republic.

The status of the deputy is determined by the Constitution of the Azerbaijan Republic, this Law and other laws of the Azerbaijan Republic.

Article 2. Scope of the Law

This Law determines powers and obligations of the deputy, provides legal and social guarantees for implementation of deputy activities.

Article 2-1. Basic concepts

The terms used in this Law have the following values:

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

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;

insured - the deputy;

the insurer is Millie Majlis of the Azerbaijan Republic;

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;

insured event - the case specified in article 30-4 of this Law, which is the basis for payment of insurance indemnity to person having the right to insurance indemnity;

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;

insurance funds - the funds created at the expense of sources, the stipulated in Article 30-9 these Laws;

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

insurance reserve - the means estimated in structure to 5 percent of the forecast of annual receipts on insurance premiums for the purpose of ensuring stability of insurance payments.

Article 3. Guarantee of the status of the deputy

Free implementation of the powers of the deputy enshrined in the Constitution of the Azerbaijan Republic, this Law and other laws of the Azerbaijan Republic is guaranteed in stipulated by the legislation procedure.

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