Composite Insurance is Not Permitted in Uganda

Date: 2015-09-01

“• The Ugandan insurance industry is regulated by the Insurance Regulatory Authority of Uganda.

• MTPL and workmen’s compensation insurance are the compulsory classes of insurance in the Ugandan insurance industry.

• Composite insurance is not permitted in Uganda.

• Non-admitted insurance is prohibited by the law. However reinsurers are permitted to operate without a license.

• Insurance products and services are exempted from VAT in the Ugandan insurance industry.”

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