Regulatory Alerts2021-01-01
Insurance (Qualification Requirements for Intermediaries) Notice, 2021
The Central Bank of Lesotho has issued the 2021 Qualification Requirements Notice to standardize educational and professional credentials for insurance intermediaries. The notice stipulates that agents, brokers, and principal officers must hold specific diplomas in business or insurance management alongside certificates of proficiency, tailored to their license type and insurance class. Effective upon publication in the Government Gazette on March 26, 2021, these requirements operate pursuant to existing fit and proper regulations.
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