Insurance Regulations, 1990 (LI 1502)

Regulation 2 Principal Officers or Chief Executives. (1) Every insurer, re-insurer, broker or adjuster shall have at least two full-time chief executives or principal officers each of whom shall have, the following qualifications (a) a recognised University degree or the Associate Chartered Insurance Institute (ACII) Diploma or a recognised equivalent professional insurance qualification; and (b) eight years post-qualification experience in the insurance industry, five years of which should have been in managerial or executive or analogous position. (2) Notwithstanding sub-regulation (1) of this regulation, a person who has been employed full-time in an insurance business in an executive or managerial position for not less than a period of ten years shall qualify to be appointed as a principal officer of an insurer, re-insurer, broker or adjuster.

Procedures to Follow

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Responsible Institution

National Insurance Commission


Relevant Forms to Download

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Fees & Charges

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