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Ethiopia - Renew Insurance Business License


Procedure

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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.





Required Documents

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  • 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

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National Bank of Ethiopia
P.O Box: 5550
Tel: +251 115 517 430
E-mail: nbeinfo@nbe.gov.et
Fax: +251 115 514 588
Contact details: link
Location details link



Eligibility

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




Fees

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


Validity

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  • Validity of the renewed license is for 1 year.




Documents to Use

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Please attach documents that can be used by people. e.g. links





Sample Documents

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Please attach sample completed documents that would help other people.




Processing Time

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




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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

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  • 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

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





Need for the Document

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  • 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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Enter other information which might help.



Other uses of the Document/Certificate

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





External Links

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Place some external links which might help



Others

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More information which might help people.





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