Insurance Act, 2006 (Act 724)

Section 24: (I) Without limiting the scope of section 22, the Commission may by written notice require an applicant either prior to the issue of a licence or as a condition of granting the licence(a) to increase its capital to an amount greater than the minimum, or (b) to maintain a solvency margin greater than the minimum.(2) A notice under subsection (1) takes effect as a direction under section 69 (2) or section 71 (2) as the case may be, upon the issue of a licence 

Procedures to Follow


Responsible Institution

National Insurance Commission


Relevant Forms to Download

Not Available

Fees / Charges

Not Avaiable