Regulatory Alerts2016-03-31
Regulation on Opening Representative Offices by Foreign Insurers in Kosovo
The Board of the Central Bank of the Republic of Kosovo issued this regulation to establish the conditions, documentation, and procedures for foreign insurers seeking approval to open representative offices in Kosovo. Applicants must secure prior CBK permission, submit specific operational and personnel details, register under the parent company name, and operate exclusively in a representative or administrative capacity without conducting direct insurance sales. The Central Bank will process applications within sixty days, unlicensed insurance activities remain prohibited, and all prior governing rules are repealed upon the regulation's April 1, 2016 effective date.
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