eRegistry:Licenses

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