RegAlert

Rule · NBE · 3 Nov 1994

SIB/2/1994 – Opening of Branches

licensing
insurance

The National Bank of Ethiopia requires insurance companies to submit an application accompanied by a feasibility study to open a branch office. A branch is defined as any branch office, branch agency, additional office, or place of business where insurance business is solicited. These directives entered into force on November 3, 1994.

EthiopiaNational Bank of Ethiopia

LICENSING AND SUPERVISION OF
INSURANCE BUSINESS

OPENING OF BRANCHES: DIRECTIVE NO. SIB/2/1994

  1. ISSUING AUTHORITY

These Directives are issued by the National Bank of Ethiopia pursuant to the authority vested in it by Article 41 of the Monetary and Banking Proclamation No. 83/1994 and by Article 25 of the Licensing and Supervision of Insurance Business Proclamation No. 86/1994.

  1. DEFINITION

For the purpose of these Directives the term "branch" shall include any branch office, branch agency, additional office, or any place of business of a company at which the business of insurance is solicited.

  1. SUBMISSION OF APPLICATION

To open a branch office an application accompanied by feasibility study shall be submitted to the Bank.

These Directives shall enter into force as of 3rd day of November 1994.

NATIONAL BANK OF ETHIOPIA

Leikun Berhanu
GOVERNOR

November 3, 1994.

Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.

Lineage: Amended

A newer document in RegAlert amends this one; it applies as amended.

Licensing and Supervision ofInsurance Business Proclamation N…Not in RegAlertLicensing and Supervision of Insurance Business Proclamation No. 86/1994 — Not in RegAlertMonetary and Banking ProclamationNo. 83/1994Not in RegAlertMonetary and Banking Proclamation No. 83/1994 — Not in RegAlertSIB/2/1994 – Opening ofBranches1994-11-03 · this documentSIB/2/1994 – Opening of Branches (1994-11-03)SIB/8/1995 – Amendment of Openingof Branches1995 · NBESIB/8/1995 – Amendment of Opening of Branches (1995-05-22)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (3)
Amended by
Issued under
  • Licensing and Supervision of Insurance Business Proclamation No. 86/1994Not in RegAlert

    “and by Article 25 of the Licensing and Supervision of Insurance Business Proclamation No. 86/1994.”

  • Monetary and Banking Proclamation No. 83/1994Not in RegAlert

    “pursuant to the authority vested in it by Article 41 of the Monetary and Banking Proclamation No. 83/1994”

Timeline

Amended 1 time · last 1995-05-22

Similar documents from other regulators

More like this from NBE

We email you every new NBE publication the day it's published.

Source: National Bank of Ethiopia — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

In RegAlert: added · updated