ArmInfo. On December 21, the Armenian Parliament amended the Law "On insurance and insurance activities" in the first reading. In Deputy Chairman of the Central Bank of Armenia Nerses Yeritsyan's word, according to the amendments, the insurance contracts shall compulsorily indicate the behavior rules with respect to the consumers and the criteria of the services rendered to the consumers, as well as the admissible period for the customers to terminate the insurance contract. If the insurer fails to observe the behavior rules and criteria stipulated in the contract, the customer has the right to file a complaint and the insurer will be punished. In addition, the amendments say that the customer can terminate the insurance contract within 7 days without any payments.
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