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).