| Title | Circular No. 009 on Issuance of Temporary License for Micro-insurance |
| Type | Circular |
| Issuing Agency | Ministry of Economy and FinanceMinistry of Economy and Finance |
| Issuing Date | 29/06/2011 |
No Translation Available
| Name | Type | Agency | Description | Comments | Law | Validity |
|---|---|---|---|---|---|---|
| Licensing requirement of micro-insurance companies | Licensing (based on qualifications / education) | Ministry of Economy and Finance | Micro-insurance companies are required to obtain a license by MEF prior to commencement of operations. | - | Circular No. 009 on Issuance of Temporary License for Micro-insurance | 29/06/2011 |
| Capital requirement for Micro-insurance companies | Minimum capital requirements | Ministry of Economy and Finance | Micro-insurance companies are required to have a minimum capital of KHR 600 Million | - | Circular No. 009 on Issuance of Temporary License for Micro-insurance | 29/06/2011 |
| Limited duration of license for micro-insurance companies | Numerical restrictions (duration license) | Ministry of Economy and Finance | The license for micro-insurance companies is valid for 1 year, renewable. | - | Circular No. 009 on Issuance of Temporary License for Micro-insurance | 29/06/2011 |
| Fee requirement for license for micro-insurance companies | Fee | Ministry of Economy and Finance | Micro-insurance companies are required to pay a fee of KHR 5 Million to obtain a license, and of KHR 1.5 Million for certificates of branches of insurance companies | - | Circular No. 009 on Issuance of Temporary License for Micro-insurance | 29/06/2011 |
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