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2025-04-30T16:41:22Z

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==Procedure==
'''Apply In-Person:''' 
#To Obtain Insurance Broker License, the applicant has to approach the National Bank of Ethiopia [https://nbebank.com/contact-us/ link]
#Applicant has to get the form from the respective officer.
#Applicant has to fill-in all the necessary details in the application form.
#Make sure that the applicant has to attach the documents mentioned in the “Required Documents” section of this page.
#Applicant has to attach the photocopies along with the application form.
#Submit the completed form and the necessary documents to the officer.
#The applicant has to pay the Investigation fee of Birr 550 and Licensing fee of Birr 1,000.
#The authority officer will review the application and process the application.
#Once the process is completed, the certificate is given to the applicant within the stipulated processing period of time.
 
==Required Documents==
*Professional Indemnity Insurance Policy.
*Names and occupation (including dates of previous employment) of founders, where applicable.
*Four (4) photographs of the proposed Chief Executive Officer.
*Curriculum Vitae and supporting documents of the proposed Chief Executive Officer.
*Duly completed application form as prescribed by the Bank and enclosures specified therein.
*Memorandum and articles of association of the organization if the proposed insurance broker is in the form of business organization.
*Full address of principal place of business and branch offices.
 
 
==Office Locations & Contacts==
'''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 [https://nbebank.com/contact-us/ link] 
 
==Eligibility==
'''In order to be licensed as an insurance broker, the following conditions shall be met:''' 
*An applicant shall be an Ethiopian national or a business organization fully owned by Ethiopian nationals.
*An applicant or the owners, where the applicant is a firm, have not been convicted by court of law, in any country, for an offence involving dishonesty.
*An applicant shall be a person with honesty, integrity, diligence and reputation to the satisfaction of the Bank.
*Chief executive officer of an insurance broker, in any form of establishment, shall:
*Hold, at least a diploma in insurance or any one of business-related field from an institute, college or university acceptable to the Bank; and
*A minimum of eight years’ reputable managerial experience acquired through working at the head office of an insurance company with responsibility to oversee operational areas of underwriting and claims.
 
 
==Fees==
To Obtain Insurance Broker License the applicant should pay 
*Investigation fee of Birr 550; and
*Licensing fee of Birr 1,000.
 
 
==Validity==
*Validity of the license is for 1 year.
 
 
==Documents to Use==
Guidelines [https://nbebank.com/wp-content/uploads/pdf/directives/insurancebusiness/31.pdf link] 

 
==Sample Documents==
Please attach sample completed documents that would help other people.
 
 
==Processing Time==
*The 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==
*Full Name of Applicant
*Address of Applicant
*Contact number
*Email
*Age
*Gender
 
 
==Need for the Document==
“Insurance Broker” or “Broker” shall mean a person licensed as an insurance broker by the Bank who, acting for and on behalf of policyholders or proposers for insurance: 
*Places insurance business with insurers
*Carries out work preparatory to the conclusion of contracts of insurance and reinsurance and
*Where appropriate, assists in the administration and performance of such contracts.
 
 
==Information which might help==
Enter information 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==
Place some other external links 
 
==Others==
More information which might help people.

 

[[Category:Ethiopia]]

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Wesley: Auto