Regulatory Alerts2017-05-19
Regulation No. 10/2017 on Key Facts Statement and Information Disclosure for Insurance Products
The National Bank of Rwanda mandates insurers and intermediaries to provide consumers with a standardized Key Facts Statement detailing essential product terms, fees, and charges. The regulation specifies strict formatting, language, timing, and delivery rules to ensure disclosures are concise, accurate, and presented on durable media. By enforcing transparent information disclosure and fair treatment standards, the rule enhances consumer decision-making, fosters market competition, and strengthens the financial stability of Rwanda’s insurance sector.
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