Insurance Act, 2006 (Act 724)

Section 47: (1) An insurer shall not open, maintain or carry on business through a representative, branch or contact office offshore unless it has obtained the prior written approval of the Commission.(2) An insurer that contravenes subsection (1) commits an offence and i~ liable on summary conviction to the penalty stated in the First Schedule.

Procedures to Follow

Not Avaiable

Responsible Institution

National Insurance Commission


Relevant Forms to Download

Not Available

Fees / Charges

Not Avaiable