| Title | Prakas No. 098 on Licensing to General or Life Insurance Company |
| Type | Regulation |
| Issuing Agency | Ministry of Economy and FinanceMinistry of Economy and Finance |
| Issuing Date | 17/01/2007 |
No English Translation Available
| Name | Type | Agency | Description | Comments | Law | Validity |
|---|---|---|---|---|---|---|
| Licensing requirement for insurance companies | Licensing (based on experience, track record, technical requirements, and/or other) | Ministry of Economy and Finance | Insurance companies are required to obtain a license by MEF prior to commencement of operations. | - | Prakas No. 098 on Licensing to General or Life Insurance Company | 17/01/2007 |
| Capital requirement for insurance companies | Minimum capital requirements | Ministry of Economy and Finance | Insurance companies are required to provide evidence of availability of capital during the application phase to obtain a license | - | Prakas No. 098 on Licensing to General or Life Insurance Company | 17/01/2007 |
| Limited duration of license for insurance companies | Numerical restrictions (duration license) | Ministry of Economy and Finance | The license for insurance companies is valid for 3 years, renewable. | - | Prakas No. 098 on Licensing to General or Life Insurance Company | 17/01/2007 |
| Fee requirement for license for insurance companies | Fee | Ministry of Economy and Finance | Insurance companies are required to pay a fee of KHR 50 Million to obtain a license | - | Prakas No. 098 on Licensing to General or Life Insurance Company | 17/01/2007 |
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