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Insurance: intermediaries

License is issued by the Ministry of Finance for indefinite period.

 

Licensing regulations (can be found in Resolution of Cabinet of Ministers No.413 as of 27 NOV 2002) require:

(1) strict compliance with national laws,

(2) insurance and reinsurance brokers are not allowed to be involved in insurance business other than intermediaries,

(3) compliance with confidentiality terms,

(4) executiv...

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