Insurance Regulations, 1990 (LI 1502)

Regulation 3 Qualifications of Directors and Principal Officers of Insurers, Re-Insurers, Brokers, Adjusters, Etc.  No person shall be a director or principal officer of an insurance company or a chief agent or agent under the Law if (a) he is a person of twenty-one years of age or below; (b) he has been convicted of any offence involving fraud by any court; (c) he has been adjudged bankrupt by a court; (d) he has been dismissed from any office or employment; (e) he has at any time failed to satisfy any debt adjudged  due and payable by him as a judgement debtor under an order of a court; or (f) there is any evidence against him involving any case of misconduct, fraud or mismanagement of an insurance company or business or any similar public concern.

Procedures to Follow

Not Avaiable

Responsible Institution

National Insurance Commission


Relevant Forms to Download

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Fees & Charges

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