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LAW OF THE AZERBAIJAN REPUBLIC

of May 11, 2010 No. 999-IIIQ

About compulsory insurance from loss of professional working capacity as a result of labor accidents and occupational diseases

(as amended on 06-07-2023)

This Law governs the relations in the sphere of compulsory insurance from loss of professional working capacity owing to labor accidents and occupational diseases, determines legal, economic and organizational basis of these relations.

Article 1. The legislation on compulsory insurance from loss of professional working capacity as a result of labor accidents and occupational diseases

1.1 The legislation of the Azerbaijan Republic on compulsory insurance from loss of professional working capacity as a result of labor accidents and occupational diseases consists of the Constitution of the Azerbaijan Republic, the Civil code of the Azerbaijan Republic, the Labor code of the Azerbaijan Republic, the Law of the Azerbaijan Republic "About insurance activity", the Law of the Azerbaijan Republic "About compulsory insurance", the Law of the Azerbaijan Republic "About the Central Bank of the Azerbaijan Republic" this Law, international treaties of the Azerbaijan Republic and other regulatory legal acts.

1.2. The relations in the sphere of compulsory insurance from loss of professional working capacity as a result of labor accidents and occupational diseases in the Alyatsky free economic zone are regulated according to requirements of the Law of the Azerbaijan Republic "About the Alyatsky free economic zone".

Article 2. Basic concepts

2.0. The basic concepts used in this Law:

2.0.1. compulsory insurance from loss of professional working capacity as a result of labor accidents and occupational diseases (further - compulsory insurance) insurance class which provides payment of insurance indemnity in connection with loss of professional working capacity or death as a result of the harm done to life and health of persons insured against loss of professional working capacity as a result of labor accidents and occupational diseases;

2.0.2. the agreement of compulsory insurance from loss of professional working capacity as a result of labor accidents and occupational diseases (further the agreement of compulsory insurance) - the written agreement which provides the obligation of the insurer on payment of insurance indemnity owing to insured event instead of payment of the corresponding insurance premium by the insurer for ensuring compulsory insurance;

2.0.3. insured - persons specified in article 3 of this Law for benefit of whom the agreement of compulsory insurance is signed and which have it shall be issued insurance indemnity in the cases established by this Law;

2.0.4. the insurer - the legal entities and physical persons operating in the Azerbaijan Republic, state bodies which sign for benefit of the compulsory insurance insured the agreement;

2.0.5. the insurer - the local legal entity having the license for implementation of insurance activity in the sphere of life insurance in the Azerbaijan Republic and, being member of Bureau of compulsory insurance, the got corresponding permission to implementation of compulsory insurance from loss of professional working capacity as a result of labor accidents and occupational diseases, and also on implementation of annuity insurance in the cases established by the Law of the Azerbaijan Republic "About insurance activity";

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