Book traversal links for Article (22) Attachments to a Registration Application of a Foreign Insurance Company
Article (22) Attachments to a Registration Application of a Foreign Insurance Company
IA-BOD-RES 2/2009 Effective from 31/1/2010In addition to the documents stated in Article (21) of the Regulation herein a branch of a foreign insurance company shall attach the following documents:
- A duly certified document showing names of the branch's managers, their nationalities, addresses and spheres and limits of their powers including payment of the compensations and a communication that they are authorized to manage the branch, sign insurance contracts, and pay compensations when they are due.
- An approved certificate from the pertinent authorities in the company's country of registration indicating that the company is established and registered in that country according to the prevailing laws along with details of the activity which the company is licensed to carry out in that country, its legal status, the subscribed and paid up capital, and names of the representatives in charge of managing the branch of the company in the State, and spheres and limits of their powers.
- Any other documents determined by the Authority.