Official Website
Lao Services
Portal
Register | ເຂົ້າລະບົບ

Service
Level 1
  81 Financial Services 07

Level 2
  812 All insurance and insurance-related services 07A

Level 3
  812 All insurance and insurance-related services 07Aa

Measures Applicable at this Level
Showing 1 - 12 of 12 items
NameTypeAgencyLawValidity
    
insurance companies must submit quarter report to Ministry of FinanceKnowledge TransferMinistry of FinanceDecision on Reporting of Insurance Companies and Insurance Brokers no. 3060/MoF dated 27 September 201816-07-9999
Insurance companies must submit annual report to Ministry of Finance Knowledge TransferMinistry of FinanceDecision on Reporting of Insurance Companies and Insurance Brokers no. 3060/MoF dated 27 September 201817-07-9999
Combined insurance companies must assign actuaries to identify the insurance reserves Administrative RequirementsMinistry of FinanceDecision on Reporting of Insurance Companies and Insurance Brokers no. 3060/MoF dated 27 September 201817-07-9999
Ministry of Finance shall inform insurance companies to submit additional information at any timeAdministrative RequirementsMinistry of FinanceDecision on Reporting of Insurance Companies and Insurance Brokers no. 3060/MoF dated 27 September 201817-07-9999
insurance brokers must submit the quarter report to Minstry pf Finace Knowledge TransferMinistry of FinanceDecision on Reporting of Insurance Companies and Insurance Brokers no. 3060/MoF dated 27 September 201817-07-9999
Ministry of Finance could inform insurance brokers to submit additional information at any timeAdministrative RequirementsMinistry of FinanceDecision on Reporting of Insurance Companies and Insurance Brokers no. 3060/MoF dated 27 September 201817-07-9999
Insurance companies shall be fined one million per day if they could not submit information in time as defined. (within 30 days)Administrative RequirementsMinistry of FinanceDecision on Reporting of Insurance Companies and Insurance Brokers no. 3060/MoF dated 27 September 201817-07-9999
Insurance brokers shall be fined one million per day if they could not submit information in time as defined. (within 30 days)Administrative RequirementsMinistry of FinanceDecision on Reporting of Insurance Companies and Insurance Brokers no. 3060/MoF dated 27 September 201817-07-9999
The insurance company must comply with the requirements under Chapter 3 within 12 (twelve) monthsAdministrative RequirementsBank of the Lao PDRDecision on Maintaining Insurance Reserve and Debt Repayment no. 3059/MoF, dated 27 September 201811-02-9999
non-life insurance company must keep the surplus assets for sixteen (16) billion kip at the minimumMinimum capital requirementsBusiness competition commissionDecision on Maintaining Insurance Reserve and Debt Repayment no. 3059/MoF, dated 27 September 201811-02-9999
Life Insurance company must reserve surplus assets 16 trillion kip at the minimumMinimum capital requirementsBank of the Lao PDRDecision on Maintaining Insurance Reserve and Debt Repayment no. 3059/MoF, dated 27 September 201811-02-9999
combine insurance company (life and non-life) must reserve surplus assets 32 trillion kip at the minimumMinimum capital requirementsBank of the Lao PDRDecision on Maintaining Insurance Reserve and Debt Repayment no. 3059/MoF, dated 27 September 201811-02-9999
Level 0, Level 1 and Level 2 Measures Also Applicable
Showing 221 - 240 of 840 items
NameTypeAgencyLawValidity
    
Prohibition on abusing Dominant Market Position and Market MonopolyProhibitionBusiness competition commissionLaw on Business Competition No. 60/NA, dated 14 July 201531-12-9999
Prohibition on activities of Foreign InvestorsProhibitionMinistry of Planning and InvestmentDecree of the Prime Minister Regarding the Implementation of the Law on the Promotion and Management of Foreign Investment in the Lao People's Democratic Republic No. 46/PM, dated 23 March 200131-12-9999
Prohibition on conducting transactions beyond approval of the Bank of the Lao PDRAuthorization / permit requirements Bank of the Lao PDRDecree on Microfinance Institutions No. 460/G, dated 3 October 201231-12-9999
Prohibition on conducting transactions involving special conditionsProhibitionBank of the Lao PDRDecree on Microfinance Institutions No. 460/G, dated 3 October 201231-12-9999
Prohibition on conducting unapproved foreign currency related transactionsAuthorization / permit requirements Bank of the Lao PDRDecree on Microfinance Institutions No. 460/G, dated 3 October 201231-12-9999
Prohibition on Discrediting other Business OperatorsProhibitionBusiness competition commissionLaw on Business Competition No. 60/NA, dated 14 July 201531-12-9999
Prohibition on driving other business operators out of the marketProhibitionBusiness competition commissionLaw on Business Competition No. 60/NA, dated 14 July 201531-12-9999
Prohibition on Employment of Foreign NationalsNationality (for services supplier)Ministry of Planning and InvestmentDecree of the Prime Minister Regarding the Implementation of the Law on the Promotion and Management of Foreign Investment in the Lao People's Democratic Republic No. 46/PM, dated 23 March 200131-12-9999
Prohibition on Engaging in Unfair Sales PromotionProhibitionBusiness competition commissionLaw on Business Competition No. 60/NA, dated 14 July 201531-12-9999
Prohibition on impeding other business operators to access to the marketProhibitionBusiness competition commissionLaw on Business Competition No. 60/NA, dated 14 July 201531-12-9999
Prohibition on imposing the different prices or terms of purchasing and selling of the same kind of goods and servicesProhibitionBusiness competition commissionLaw on Business Competition No. 60/NA, dated 14 July 201531-12-9999
Prohibition on Imposing the terms on purchasing and selling of goods and servicesProhibitionBusiness competition commissionLaw on Business Competition No. 60/NA, dated 14 July 201531-12-9999
Prohibition on license transferProhibitionBank of the Lao PDRDecree on Microfinance Institutions No. 460/G, dated 3 October 201231-12-9999
Prohibition on the Denial of Access to Certain Facilities resulting in the Creation of Obstacles to Business OperationProhibitionBusiness competition commissionLaw on Business Competition No. 60/NA, dated 14 July 201531-12-9999
Prohibition on the Fixing of Market Shares and Sharing/Dividing MarketsPerformance requirements (mandatory)Business competition commissionLaw on Business Competition No. 60/NA, dated 14 July 201531-12-9999
Prohibition on the Fixing of Production QuantitiesProhibitionBusiness competition commissionLaw on Business Competition No. 60/NA, dated 14 July 201531-12-9999
Prohibition on the Fixing of the prices of purchasing and selling goods and services unfairlyProhibitionBusiness competition commissionLaw on Business Competition No. 60/NA, dated 14 July 201531-12-9999
Prohibition on the Fixing the Price of Goods and ServicesProhibitionBusiness competition commissionLaw on Business Competition No. 60/NA, dated 14 July 201531-12-9999
Prohibition on the Ownership of Land by Foreign Investors, Foreign Investment Enterprise or Foreign NationalLand Ownership Ministry of Planning and InvestmentDecree of the Prime Minister Regarding the Implementation of the Law on the Promotion and Management of Foreign Investment in the Lao People's Democratic Republic No. 46/PM, dated 23 March 200131-12-9999
Prohibition on the Selling of goods and services below costs and selling poor quality goodsProhibitionBusiness competition commissionLaw on Business Competition No. 60/NA, dated 14 July 201531-12-9999
Related Procedures