Ethiopia - Renew Insurance Business License

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Procedure

Apply In-Person:

1. To Renew Insurance Business License, the applicant has to approach National Bank of Ethiopia contact link
2. Applicant has to get the form from the respective officer.
3. Applicant has to fill-in all the necessary details in the application form.
4. Make sure that the applicant has to attach the documents mentioned in the “Required Documents” section of this page.
5. Applicant has to attach the photocopies along with the application form.
6. Submit the completed form and the necessary documents to the officer.
7. The applicant has to pay the prescribed fee as per the authority request.
8. The authority officer will review the application and process the application.
9. Once the process is completed, the renewed license is given to the applicant within the stipulated processing period of time.

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Required Documents

• Insurance business license
• A duly completed application form
• The name and occupation (including date and address of previous employment) of the applicant.
• Two passport size recent photographs of the applicant or the chief executive officer
• Curriculum Vitae of the applicant or the chief executive officer

Office Locations & Contacts

National Bank of Ethiopia
P.O Box: 5550
Tel: +251 115 517 430
E-mail: [email protected]
Fax: +251 115 514 588
Contact details: link
Location details link

Eligibility

• Any person or a company that holds insurance business license are eligible to renew their license before a month or week of expiry.

Fees

Fee for the procedure has to be paid as per the authority request.

Validity

• Validity of the renewed license is for 1 year.

Documents to Use

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Sample Documents

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Processing Time

• Processing time of this procedure takes up to 30 days.

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external 
websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

• Applicant must complete the application form before submitting. Incomplete applications will not be accepted.
• Applicant must provide genuine information while applying for this procedure.

Required Information

• Name
• Address
• Contact number
• Email
• Gender
• Age

Need for the Document

• An insurance license is renewed after expiry or before a month or week of expiry.
• An insurance business license gives the person an authority to seek and sell insurance items. State insurance commissioner is responsible to issue the license for the purpose of seeking and selling the insurance and is isolated into various insurance types, including life and inability, health, auto or worker’s compensation. For anybody living in one state and selling insurance in neighbouring states needs a license for each particular state. You don't have to subsidise with an enlisted office to get the license, however this is required once you plan to work together.

Information which might help

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Other uses of the Document/Certificate

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e.g. Birth Certificate can be used as proof of identity.

External Links

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Others

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