Articles

Secondary Legislation International Treaties

Issue 12, 29 December 2005

Rules for issuing the Licenses and the License Terms in the Insurance Field, as approved by Resolution No: 183 of the Government of Georgia, dated 14 October 2005, regulates licensing terms and conditions and below is a brief summary of the said act:

  • Licensing Insurance Activity
  • The license shall be issued only for the following activities:
  • Life Insurance;
  • Insurance (excluding Life Insurance);
  • Reinsurance (Article 1(1) of the Resolution of Government of Georgia regarding the License Issuance Rule and License Terms in the Field of Insurance).       
                                                              


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