Regulatory Alerts2025-10-31
Requirements for Licensing of a Reinsurance Company
NBFIRA establishes licensing requirements for reinsurance and insurance companies in Botswana. Applicants must satisfy corporate residency rules, maintain minimum capital targets of P5 million to P10 million based on operating expenses, and ensure key controllers meet strict fit-and-proper criteria. The licensing process mandates submission of Form 1 and supporting documentation through the RBSS portal, alongside a P26,250 non-refundable fee and annual renewal obligations.
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