Regulatory Alerts2017-08-31
Regulation on establishing and closing insurers’ branches and subsidiaries within Kosovo and abroad
The Central Bank of the Republic of Kosovo issued this regulation to standardize the establishment, relocation, and closure of insurers’ domestic branches and foreign subsidiaries. Insurers must submit detailed written applications containing business plans, financial projections, premises verification, and management credentials to obtain prior regulatory approval. The Central Bank evaluates these requests within thirty days, retains audit and suspension powers to ensure compliance with technical and security standards, and supersedes all prior related directives.
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