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
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 |