Regulatory Alerts2005-01-03
Added
Long-term Insurance Companies - Annual Levies
Registered long-term insurance companies must pay an annual levy equal to 0.1% of the aggregate of liabilities under unmatured long-term policies for the levy year commencing April 1, 2005, and ending March 31, 2006. The levy amount remains unchanged from the previous period. Payments must be deposited into the Namibia Financial Institutions Supervisory Authority's bank account at Standard Bank Namibia, Gustav Voigt Branch, account number 241 440 351.
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