License to operate as risk managers ,loss assessors, loss adjusters ,insurance surveyor or claim settling agents.

Regulatory

1. 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, sole proprietorship.  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 as in (iii) above.
  • Date 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. loss assessor, loss adjuster,  etc).
  • Date of commencement of business.
  • Names, addresses, nationality, qualifications and occupation of Directors/Partners/Sole Proprietor.
  • Names, nationality and address of shareholders/Partners/Sole Proprietor.
  • Names, qualifications and experience of Senior Executive and key Management staff (attach organization chart). 
2. License requirements. Fill an application form with the following information:
  • The name of the applicant.
  • Postal address.
  • Physical address. 
  • Telephone numbers, fax number, email. 
  • Incorporation status, state whether partnership, company or sole proprietor.
  • Name and address of bankers.
  • Name and address of external auditor.
  • Insurers with whom business was done in the last preceding year – if any.
  • Number of years of experience.
  • Share capital and paid-up capital (if applicable).
  • Attach detailed and signed CVs of shareholders, directors, partners or associates.
  • Attach detailed signed CVs of Management and technical staff (ensuring compliance with Reg. 11 of the Insurance Regulations 2002).
  • Attach a copy of Profession Indemnity policy of sum insured of at least one hundred million shillings.
  • Attach clearance of membership and subscription to the Uganda Association of Engineers Valuers and Loss Assessors.
  • On being licensed, the company will be required to become a member of the Insurance Institute of Uganda.
  •  If any of the Directors has been convicted of any offence involving fraud or dishonesty give details.
  • If any of the Directors has been adjudged to be bankrupt or compounded with creditors, he/she should give details.
  • For new business - original certificate of registration (Business name) OR certificate of incorporation (Company) - Uganda Registration Services Bureau.
  • If any member of staff have any interest in any firm licensed under the Insurance Act (Cap 213) Laws of Uganda, 2000, provide details.    
  • 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