Regulatory Alerts2007-11-11
Added · Updated
Regulations on the Establishment and Operation of Insurance Companies
The Central Bank of Iran issued the Regulations on the Establishment and Operation of Insurance Companies in 2001, which were subsequently amended in 2002. These regulations define the legal framework and operational requirements for insurance companies within the jurisdiction. The document outlines specific provisions regarding the establishment, governance, and ongoing compliance obligations for insurance entities.
2001 MC (4) Regulations on the Establishment and Operation of Insurance Companies
Central Bank of Iran
1999 MC (33) Central Bank of Iran Act, Article 23, Paragraph 4
Article 1: In accordance with Article 23, Paragraph 4 of the Central Bank of Iran Act, the "Regulations on the Establishment and Operation of Insurance Companies" are hereby issued.
Article 2: Insurance companies shall operate in accordance with the provisions of these Regulations.
Article 3: These Regulations shall be implemented by the Central Bank of Iran.
Article 4: Insurance companies shall comply with the provisions of these Regulations.
Article 5: The Central Bank of Iran shall supervise the implementation of these Regulations.
Central Bank of Iran
- (2872) Date: 16 Farvardin 2001 ** Date: 17 Tir 2002 *** Date: 17 Tir 2002