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NameCriteria for issuance of a permanent license to operate Insurance Business
DescriptionAn individual or legal entity, whether a domestic or foreign organisation operating an insurance business shall do so in accordance with the relevant laws during the 1 year period in which it is initially issued a temporary operating license in order to be granted a permanent licence by the Insurance Management Department within the Ministry of Finance.
Comments-
Validity From21-03-2016
Validity To31-12-9999
ReferenceArticle 7
StatusActive
Measure TypeLicensing (based on experience, track record, technical requirements, and/or other)
Agency NameMinistry of Finance
Legal DocumentMinisterial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016
This measure applies to Service