Authorization of managers of insurance companies

Profile Of The Managers (Articles 329 And 506 Of The CIMA Code)

  • Either, Have A University Degree In Insurance Or In Actuarial Profession And Show Proof Of A Minimum Professional Experience Of 5 Years At A Higher Managerial Position In An Insurance Company, An Insurance Organisation, An Insurance Brokerage Cabinet Or In Government Department In Charge Of Insurance Control ;
  • or, Have A Higher Education Degree Oriented Towards Economics Or Law With A 5 Years Working Experience In The Management Of An Enterprise Of A Financial Nature ;
  • or, Have A Higher Education Degree With A Minimum Working Experience Of 10 Years In A Top Management Position In An Enterprise Or With The Administration ;
  • Fulfil The Conditions Of Honourableness
  • Not Having Been Responsible, Not-rehabilitated, In The Bankruptcy Of An Enterprise.

Composition Of The File (Article 328-4 And 328-5 Of The CIMA Code)

  • The Chairperson Of The Board Of Directors Addresses One (01) Stamped Application To The Minister In Charge Of Insurance, Accompanied By The Following Documents :
  • a Certified True Copy Of The Birth Certificate Dated Less Than Six (06) Months ;
  • a Certified True Copy Of The Certificate Featuring In The List Published By The CRCA;
  • an Attestation Of Presentation Of The Original Of The Certificate ;
  • a Certificate Of Nationality ;
  • two (2) Passport Sized (4 X 4) Photographs ;
  • a Certificate Of Non-conviction Dated Less Than Three (03) Months ;
  • a Signed And Dated Curriculum Vitae;
  • a Certificate Of Non Bankruptcy ;
  • a Declaration Form (CIMA Model), Signed By The Public Prosecutor At The Court Of First Instance ;
  • an Attestation Of Function And Any Other Justification Of Professional Experience;
  • a Descriptive Statement Of The Present Professional Activities And Those Exercised For The Ten Previous Years Preceding The Request For Authorisation ;
  • the Instrument Bearing Designation Of The Manager ;
  • for Foreigners, A Residence Permit Card In Addition To The Above Documents ;
  • any Other Document Judged Necessary.