National Bank of Rwanda - Regulation No. 05/2009 - On Licensing and Other Requirements for Carrying Out Insurance Business


The National Bank of Rwanda's Regulation No. 05/2009 aims to promote the maintenance of an efficient, fair, safe and stable insurance market. It establishes a regulatory framework for the practice of the insurance business in the country, with a focus on licensing, and sets forth other related requirements for insurance institutions. The regulation is divided into several chapters, and covers the following topics:

1. Prohibition to Carry Out Insurance Business without a License
2. Classification of Insurance Business
3. Separation of Insurance Business
4. Licensing Requirements
5. Reinsurance
6. Actuarial Requirements
7. Prudential Rules
8. Reporting Requirements
9. Categories of Insurance Business
10. Classes of Long-Term Insurance Business

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Monday, August 23, 2010
Document Authors: 
National Bank of Rwanda
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