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==Procedure==
#To obtain a license as Insurance Broker the applicant have to approach the Uganda Insurance Regulatory Authority(UIRA).
#The applicant for the Licence of insurance broker business shall apply to the Authority, in a prescribed form 3B, for a Licence, which application shall be considered by the Authority.
#Application forms can be obtained from the respective offices which have to be filled in and submitted along with the documents that are listed under the Required Documents section.
#Before submitting the application processing fee has to be paid in the bank and receipt has to be attached with the application.
#Following links provide you information about office locations and more information about the process.
#If the applicant does not provide all the relevant information or if clarification is necessary, the applicant may be called upon to provide the information or Clarification to complete the application.
#If the Authority is satisfied that the applicant complies with the provisions of the Act, then a licence to the applicant is granted on the payment of the prescribed fee;
*In case the Authority refuses to grant a Licence , reasons must be given in writing for its decision.

==Required Documents==
'''Registration requirements. Fill a form with the following information'''
*The name and address of the company/firm.
*The legal status (e.g. limited company, partnership). Also, you indicate whether the firm is local or foreign.
*The physical location of the proposed Head office showing the plot No., the street, town, telephone number, fax, postal address and email address.
*The physical location of Branch offices showing the information.
*Date and Number of incorporation/registration
*Attach a copy of the Certificate of Incorporation/Registration and a copy of the Memorandum and Articles of Association.
*Nature of business (e.g. insurance or reinsurance brokerage).
*Date of commencement of business.
*Names, addresses, nationality, qualifications and occupation of Directors.
*Names, nationality and address of shareholders.
*Names, qualifications and experience of Senior Executive and key Management staff (attach organization chart).
'''License requirements. Fill an application form with the following information:''' 
*The name of the applicant.
*Postal address of the Head office.
*Telephone numbers, fax number, email.
*Physical address.
*Share capital.
*Authorized and paid-up capital of not less than 75,000,000- Seventy five million shillings of which 17,500,000 -Seventeen million five hundred thousand shillings shall be invested in Government securities and on which the Authority shall have a lien.
*Insurance business intended to be transacted for (state whether life or non-life).
*Names and address of Bankers.
*External auditors.
*Names, nationality and address of the directors of the applicant.
*If any of the directors has been convicted of any offence involving fraud or dishonesty he/she give details.
*If any of the directors has been adjudged to be bankrupt or compounded with creditors, he/she give details.
*If any of the directors have an interest in any firm licensed under the Statute, he/she should state the nature of the interest.
*Names of the Chief Executive Officer of the applicant.
*Total number of employees to be employed (managerial, supervisory, others).
*Attach photocopy of professional indemnity insurance cover.
'''In addition to the above information, the following enclosures should be attached accordingly:''' 
*Detailed and signed curriculum vitae of all directors and the Chief Executive Officer and technical staff (ensuring compliance with Reg. 11 of the Insurance Regulations 2002).
*List of other personnel.
*Address, telephone numbers and details of any branch office.
*Documentary evidence of paid-up capital.
*Evidence of payment of statutory deposit with Bank of Uganda. (You will need an introductory letter from the IRAU).
*For new business - original certificate of registration (Business name) OR certificate of incorporation (Company) - Uganda Registration Services Bureau.
*On being licensed, the company will be required to become a member of the Insurance Institute of Uganda.

==Office Locations & Contacts==
'''The Insurance Regulatory Authority Of Uganda - Head Office''', 
Insurance Towers Plot 6, 
Lumumba Avenue 
Kampala Uganda 
P.O Box 22855 
Kampala Uganda 
Tel: +256 417-425500 
Email: ira@ira.go.ug 
WebsiteL [https://ira.go.ug/contact-us/ Link] 
 
==Eligibility==
*Persons who at the time of effecting the insurance contract are residents of Uganda;
*Goods or assets situated in Uganda;
*Ships, aircraft or other vehicles registered in Uganda; or
*Goods imported from other countries except personal effects and donations.

==Fees==
Application Fees:
*500,000 Ugsh. - Registration
License Fee: 
*Insurance broker:- 400,000 Ugsh.
*Re-Insurance Broker:- 800,000 Ugsh.

==Validity==
Validity: The 31st day of December of the year in which it is issued (Valid for 1 year)
==Documents to Use==
Please attach documents that can be used by people. e.g. links

==Sample Documents==
*[https://businesslicences.go.ug/uploads/documents/Application%20form%20-%20licensing%20renewal%20of%20license%20as%20an%20insurer%20reinsurer%20broker.pdf Application Form]
*[https://businesslicences.go.ug/uploads/documents/Application%20form%20for%20registration.pdf registration Form]

==Processing Time==
Maximum Processing Time: 2 Weeks.

==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==
*A person shall not carry on ,or purport to carry on, insurance business, reinsurance business or the business o f a H M O in U ganda without a valid licence issued by the Authority.

==Required Information==
*Name and Address of Company/Firm/Person
*Legal Status(e.g.Limited Company, sole proprietor,partnership)mutual insurance company, also indicate whether local or foreign.
*Physical location of Head office
*Physical location of Branch Offices
*Date and number of incorporation/registration
*Attach copy of certificate of incorporation/registration and copy of Memorandum and Articles of Association.
*In case of mutual Insurance Company, also attach instruments of subscription for members).
*Nature of business (e.g. Life insurance, Non-life insurance, reinsurance, brokerage, agency, loss assessors, loss adjuster etc.)
*Date of commencement of business.
*Names, addresses, nationality, qualifications and occupation of Directors
*Names, nationality and address of shareholders
*Names, qualifications and experience of senior executive and key management staff.

==Need for the Document==
Please provide the need for the procedure. e.g. Birth Certificate - why do we need to have a birth certificate?

==Information which might help==
Enter other informations which might help.

==Other uses of the Document/Certificate==
Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

==External Links==
[https://businesslicences.go.ug/index.php/license/id/1705 link] 
[https://ulii.org/ug/legislation/act/2017/6 link1] 
[https://ulii.org/system/files/legislation/act/2017/6/Insurance%20Act%206%202017.pdf link2]

==Others==
More information which might help people.

[[Category:Uganda]]

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