Title Prakas No. 934 on General Limitation of Insurance Operation
Type Regulation
Issuing Agency Ministry of Economy and FinanceMinistry of Economy and Finance
Issuing Date 17/12/2001

No English Translation Available

This document applies to the following measures


Name Type Agency Description Comments Law Validity
Licensing requirement of agents, brokers and insurance companies Licensing (based on qualifications / education) Ministry of Economy and Finance Agents, brokers and insurance companies are required the license by MEF prior to commencement of operations. - Prakas No. 934 on General Limitation of Insurance Operation 17/11/2001
Capital requirement for agents, brokers and insurance companies Minimum capital requirements Ministry of Economy and Finance Agents, brokers and insurance companies are required to deposit 10% of registered capital with national treasury - Prakas No. 934 on General Limitation of Insurance Operation 17/11/2001