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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 101 - 120 of 840 items
NameTypeAgencyLawValidity
    
Requirement for securities companies to assign person to be in charge of information disclosure and notify this to the SCPerformance requirements (mandatory)Security Exchange commissionDecision on information disclosure No. 014/SEC, dated 19 May 201131-12-9999
Requirement for securities companies to establish their own information technology systemPerformance requirements (mandatory)Security Exchange commissionNotification Subject: Establishment, development and application of an information technology system in securities companies No. 371/SECO, dated 24 February 201231-12-9999
Requirement for securities issuance companies to disclose information as required by the SCAdministrative RequirementsSecurity Exchange commissionDecision on information disclosure No. 014/SEC, dated 19 May 201131-12-9999
Requirement for security deposit by insurance business operatorMinimum capital requirementsMinistry of FinanceInsurance Law Amended No. 06/NA, dated 21 December 201131-12-9999
Requirement for short term lease to be maximum of 5 yearsNumerical restrictions (duration license)Land inspection AuthorityPrime Minister’s Decree on the Leasing of State Land No. 135/PM, dated 25 May 200931-12-9999
Requirement for suppliers to comply with lawPerformance requirements (mandatory)Ministry of Industry and CommerceConsumer Protection Law No. 02/NA, dated 30 June 201031-12-9999
Requirement for suppliers to refrain from harmful conductProhibitionMinistry of Industry and CommerceConsumer Protection Law No. 02/NA, dated 30 June 201031-12-9999
Requirement for terms of concession investment not to exceed 99 yearsNumerical restrictions (duration license)Ministry of Planning and InvestmentLaw on Investment Promotion No. 02/NA, dated 8 July 200931-12-9999
Requirement for threshold to be met to recognise digital certificateOther measuresMinistry of Science and TechnologyDecree and Law on Electronic Transaction No. 20/NA, dated 7 December 201231-12-9999
Requirement for trademark assignees to register it in Lao PDRAdministrative RequirementsScience Technology and Environment AgencyDecree on Trademarks No. 06/PM, dated 18 January 199531-12-9999
Requirement for use of each category of land to be conducted according to sectoral lawPerformance requirements (mandatory)Land inspection AuthorityPrime Ministerial Decree on the Implementation of the Land Law No. 88/PM, dated 3 June 200831-12-9999
Requirement for use of foreign labor to be subject to numerical restrictionsRestrictions to foreign employment (e.g labour market test)Ministry of Labour and Social WelfareAmended Labour Law No. 43/NA, dated 24 December 201331-12-9999
Requirement not to engage in activities including opening accounts abroadProhibitionBank of the Lao PDRRegulation For Deposit-Taking MFIs No. 04/BOL, dated 20 June 200831-12-9999
Requirement of a license for the establishment of a representative office of a foreign insurance businessLicensing (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 that audit company be licensedLicensing (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 that state land be owned by national communityLand Ownership Land inspection AuthorityLaw on Land No. 04/NA, dated 21 October 200331-12-9999
Requirement to apply to receive authorisation for land use rights or land utilisation rightsAuthorization / permit requirements Land inspection AuthorityPrime Ministerial Decree on the Implementation of the Land Law No. 88/PM, dated 3 June 200831-12-9999
Requirement to be licensed to incorporate securities companyForm of establishmentSecurity Exchange commissionLaw on Securities No. 21/NA, dated 10 December 201231-12-9999
Requirement to be licensed to incorporate securities companyAuthorization / permit requirements Security Exchange commissionLaw on Securities No. 21/NA, dated 10 December 201231-12-9999
Requirement to be licensed to operate insurance broker businessLicensing (based on experience, track record, technical requirements, and/or other)insurance Management AuthorityMinisterial Instruction on implmenting the Law on Insurance No. 539/MOF, dated 19 February 201431-12-9999
Related Procedures