INVESTIGATION FEE TO BE PAID BY INSURANCE AUXILIARIES AND ACTUARIES National bank insurance business directive No. SIB/6/1994
Directive No. SIB/6/1994
LICENSING AND SUPERVISION OF INSURANCE BUSINESS
INVESTIGATION FEE TO BE PAID BY INSURANCE AUXILIARIES AND ACTUARIES
Theses Directives are issued by the National Bank of Ethiopia pursuant to the Authority vested in it by Article 41 of the Monetary and Banking Proclamation No. 83/1994 and by Article 25 of the Licensing and Supervision of Insurance Business Proclamation No. 86/1994.
An applicant applying for a license to undertake a business as an insurance auxiliary or an actuary shall pay investigation fee of Birr 300 (three hundred) to the National Bank of Ethiopia.
These directives shall enter into force as of 3rd day of November 1994.