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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 21 - 40 of 840 items
NameTypeAgencyLawValidity
    
Prohibitions imposed on conducting business operationsProhibitionBank of the Lao PDRRegulation For Deposit-Taking MFIs No. 04/BOL, dated 20 June 200831-12-9999
Registered capital is requiredMinimum capital requirementsBank of the Lao PDRRegulation For Deposit-Taking MFIs No. 04/BOL, dated 20 June 200831-12-9999
Registration fee requiredFeeBank of the Lao PDRRegulation For Non-Deposit Taking Microfinance Institutions No. 02/BoL, dated 20 June 200831-12-9999
Requirement for urgent information disclosureAdministrative RequirementsSecurity Exchange commissionDecision on information disclosure No. 014/SEC, dated 19 May 201131-12-9999
Requirement for a licence and paid up capitalLicensing (based on experience, track record, technical requirements, and/or other)Bank of the Lao PDRRegulation For Deposit-Taking MFIs No. 04/BOL, dated 20 June 200831-12-9999
Requirement for a license to establish a securities exchangeLicensing (based on experience, track record, technical requirements, and/or other)Security Exchange commissionLaw on Securities No. 21/NA, dated 10 December 201231-12-9999
Requirement for a registered capital to operate as an insurance brokerMinimum capital requirementsMinistry of FinanceInsurance Law Amended No. 06/NA, dated 21 December 201131-12-9999
Requirement for acquisition of land use rights to be determined on 3 basesLand Ownership Land inspection AuthorityLaw on Land No. 04/NA, dated 21 October 200331-12-9999
Requirement for annual feeFeeBank of the Lao PDRRegulation on Depositor Protection Fund No. 283/BoL, dated 30 August 199931-12-9999
Requirement for application to be submitted to establish and operate an insurance company between a foreign insurance company and insurance brokerLicensing (based on experience, track record, technical requirements, and/or other)Ministry of FinanceInsurance Law Amended No. 06/NA, dated 21 December 201131-12-9999
Requirement for approval for foreign fund mobilisationAuthorization / permit requirements Bank of the Lao PDRRegulation For Deposit-Taking MFIs No. 04/BOL, dated 20 June 200831-12-9999
Requirement for approval for lease or concession of state owned landAuthorization / permit requirements Land inspection AuthorityInstruction As regards the implementation of decree on state-owned land approval for lease or concession No. 20/PMO.NLMA, dated 9 April 201031-12-9999
Requirement for approval for mergers of public fundsAuthorization / permit requirements Security Exchange commissionLaw on Securities No. 21/NA, dated 10 December 201231-12-9999
Requirement for approval for transferring concession rights or sharesAuthorization / permit requirements Ministry of Planning and InvestmentDecree on the Implementation of the Investment Promotion Law No. 119/PM, dated 20 April 201131-12-9999
Requirement for approval to change nature of securities business operationAuthorization / permit requirements Security Exchange commissionLaw on Securities No. 21/NA, dated 10 December 201231-12-9999
Requirement for approval to grant lease or concession of State land which must specify land use objctivesAdministrative RequirementsLand inspection AuthorityPrime Minister’s Decree on the Leasing of State Land No. 135/PM, dated 25 May 200931-12-9999
Requirement for authorisation to use rights acquired from land lease or land concession as collateralAuthorization / permit requirements Land inspection AuthorityPrime Ministerial Decree on the Implementation of the Land Law No. 88/PM, dated 3 June 200831-12-9999
Requirement for branches of foreign legal entity to be registeredAdministrative RequirementsMinistry of Planning and InvestmentLaw on Investment Promotion No. 02/NA, dated 8 July 200931-12-9999
Requirement for business cooperation contract to be declared and certifiedAdministrative RequirementsMinistry of Planning and InvestmentLaw on Investment Promotion No. 02/NA, dated 8 July 200931-12-9999
Requirement for business operators not to engage in anticompetitve conductProhibitionBusiness competition commissionLaw on Business Competition No. 60/NA, dated 14 July 201531-12-9999
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