Regulatory Alerts2007-11-08
Added · Updated
Regulations on the Establishment and Operation of Insurance Companies and Reinsurance Companies
The Central Bank of Iran issued amendments to the Regulations on the Establishment and Operation of Insurance Companies and Reinsurance Companies in 2005, modifying Articles 1 through 20. These changes establish specific capital requirements, including a 200% ratio for certain assets, and define the composition of authorized capital and net worth. The regulations also detail the procedures for establishing insurance entities, the calculation of technical reserves, and the submission of financial reports and audits to the regulator.
Share