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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 481 - 500 of 840 items
NameTypeAgencyLawValidity
    
Requirement for using national currencyOther measuresBank of the Lao PDRInstruction on Implementation of Decree Law on Management of Foreign Currency and Precious Metals No. 1/PC dated 17 March 2008 No. 01/BOL, dated 2 April 201031-12-9999
Requirement for voluntary liquidationAdministrative RequirementsBank of the Lao PDRRegulation For Deposit-Taking MFIs No. 04/BOL, dated 20 June 200831-12-9999
Requirement for write-offOther measuresBank of the Lao PDRRegulation For Deposit-Taking MFIs No. 04/BOL, dated 20 June 200831-12-9999
Requirement for written corporate recordsOther measuresBank of the Lao PDRLaw On Commercial Banks No. 03/NA, dated 26 December 200631-12-9999
Requirement of notification for foreign investmentAdministrative RequirementsBank of the Lao PDRInstruction on Implementation of Decree Law on Management of Foreign Currency and Precious Metals No. 1/PC dated 17 March 2008 No. 01/BOL, dated 2 April 201031-12-9999
Requirement on accounting and reportingOther measuresBank of the Lao PDRRegulation For Savings and Credit Unions No. 03/BOL, dated 3 June 200831-12-9999
Requirement on accounting and reportingOther measuresBank of the Lao PDRRegulation For Deposit-Taking MFIs No. 04/BOL, dated 20 June 200831-12-9999
Requirement on applying reserve fund for loss and rehabilitationOther measuresBank of the Lao PDRRegulation For Deposit-Taking MFIs No. 04/BOL, dated 20 June 200831-12-9999
Requirement on approved investmentsAuthorization / permit requirements Bank of the Lao PDRRegulation For Savings and Credit Unions No. 03/BOL, dated 3 June 200831-12-9999
Requirement on fund mobilisaitonOther measuresBank of the Lao PDRRegulation For Savings and Credit Unions No. 03/BOL, dated 3 June 200831-12-9999
Requirement on Internal and External AuditOther measuresBank of the Lao PDRRegulation For Savings and Credit Unions No. 03/BOL, dated 3 June 200831-12-9999
Requirement on keeping accounting documentsOther measuresBank of the Lao PDRRegulation For Savings and Credit Unions No. 03/BOL, dated 3 June 200831-12-9999
Requirement on maintaining capital adequacy ratioMinimum capital requirementsBank of the Lao PDRRegulation For Savings and Credit Unions No. 03/BOL, dated 3 June 200831-12-9999
Requirement on maintaining liquidity ratioMinimum capital requirementsBank of the Lao PDRRegulation For Savings and Credit Unions No. 03/BOL, dated 3 June 200831-12-9999
Requirement on maximum voluntary deposits for Non-Deposit Taking Microfinance InstitutionsNumerical restrictions (other)Bank of the Lao PDRRegulation For Deposit-Taking MFIs No. 04/BOL, dated 20 June 200831-12-9999
Requirement on regulatory reserveAdministrative RequirementsBank of the Lao PDRRegulation For Deposit-Taking MFIs No. 04/BOL, dated 20 June 200831-12-9999
Requirement on the maximum credit providedNumerical restrictions (operation / output)Bank of the Lao PDRRegulation For Deposit-Taking MFIs No. 04/BOL, dated 20 June 200831-12-9999
Requirement on using mandatory reserve fund for loss and rehabilitationOther measuresBank of the Lao PDRRegulation For Savings and Credit Unions No. 03/BOL, dated 3 June 200831-12-9999
Requirement on writing-off non-performing overdue loansOther measuresBank of the Lao PDRRegulation For Savings and Credit Unions No. 03/BOL, dated 3 June 200831-12-9999
Requirement to appoint liquidating agent for involuntary liquidationOther measuresBank of the Lao PDRRegulation For Savings and Credit Unions No. 03/BOL, dated 3 June 200831-12-9999
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