1. 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.
Share capital (i) Authorized and (ii)Paid-up capital.
Name and address of auditors.
Insurance business intended to be transacted for.
Names and address of Bankers.
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 should give full details.
2. In addition, the applicant should submit:
A copy of the Professional Indemnity Insurance Policy cover to protect
the business interests against claims for error or omissions,
professional neglect for both principals and employees, of at least
Ushs.100 million for the said staff.
Details of the company Accountant who should be recognized as such by ICPAU and approved IRA.