License to operate as an insurance agent/ Corporate insurance agency

Regulatory

The applicant has to declare that he:
  • has not been adjudged bankrupt;
  • has not compounded with creditors;
  • has not been convicted by a court in any country of any offence involving fraud or dishonesty or misconduct;
  • is not a civil servant or municipal employee;
  • is not an Administrator, Director, Auditor or employee of any insurance company or broking company; and
  •   is not a risk inspector nor loss adjuster nor an insurance valuer.
  • Must produce evidence of membership to the Insurance Institute of Uganda.
  • The Principal Officer of the insurer the agent is to represent has to sign a Certificate of Competency that the said agent is acceptable as a representative of his company and that if issued with a licence he/she is:
  • duly authorized to secure proposals and to collect moneys by way of premiums for an on behalf of the insurance company;
  • competent to explain:
  • the conditions of the policies issued by the company;
  •   the meanings of questions asked in the proposal forms issued by the company.
License requirements: Fill an application form with the following information.
  •  Name of the applicant.
  • Address (physical, residential and postal).
  • Name of insurer represented.
  • The legal status of the applicant.
  • Classes of insurance to be transacted.
  • A detailed and signed/dated curriculum vitae.
  • An agency agreement with the insurer represented.
  • Attached a recent passport size photograph.
  • Phone: +256 312-266364, +256 414346712, +256 414253564
  • Physical Address: Plot5,Kyadondo Road, Nakasero. Legacy Towers, Block B, 2nd Floor
  • Postal Address: P.O.Box 22855 Kampala, Uganda
  • Jurisdiction: National
  • Email Address: ira@ira.go.ug
  • Website: http://www.ira.go.ug
  • Operating Hours: Moday to Friday, 8:00am-5:00pm (excluding weekends and public holidays)
  • Directions: View Directions