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Legislation

Law of the Republic of Armenia on Insurance and insurance activities  (Updated version only in Armenian)

Civil Code of the Republic of Armenia - Chapter 54 INSURANCE  (Updated version only in Armenian)

Law of RA on Compulsory insurance of motor third party liability  (Updated version only in Armenian)

Law on Bankruptcy of banks, credit organizations, investment companies, investment fund managers und insurance companies  (Updated version only in Armenian)

REGULATION 3/01
Licensing of Insurance Activities and Insurance Intermediary Activities; Obtaining the Preliminary Consent to Qualifying Holding in Statutory Capital of Insurance Company; Insurance Company's Business Plan Submission, Procedure and Date; Testing of Qualification of Candidates for Officials and Responsible Persons of Insurance Company and Insurance Intermediary; Themes of Qualification Test for Officials of  Insurance Company and Responsible Persons of Insurance Intermediary
  (Updated version only in Armenian)

REGULATION 3/02
On Limits of Main Prudential Standards of Insurance Activity, Procedure of Formation and Calculation, Criteria for Qualifying Reinsurers as not Prohibited
  (Updated version only in Armenian)

REGULATION 3/03
On Types of Technical Reserves and the Rules of Establishment Thereof
  (Updated version only in Armenian)

REGULATION 3/05
Criteria for Considering Reinsurance Companies Authorized and Reliable
 

REGULATION 3/07
Outsourcing Operations under Insurance Operations Outsourcing Agreement, Documents and Information to be Submitted to the Central Bank of Armenia to Obtain Prior Authorization to Outsource Insurance Operations, their Content, Filing Procedures and Forms. Rules and Conditions for Obtaining Prior Authorization to Outsource Insurance Operations
  (Updated version only in Armenian)

REGULATION 3/08
On Methodology for Computing the Composite Ratings of Activity Indicators (CARAMELS) of Insurance Companies Operating Within the Territory of The Republic of Armenia
  (Updated version only in Armenian)

REGULATION 3/9
on Order of Classification of Assets of Insurance Companies and Formation and Use of Reserves of Possible Losses
  (Updated version only in Armenian)

REGULATION 3/10
on Minimum Requirements Presented to Internal Audit Activities, Internal Control System of Insurance Companies
  (Updated version only in Armenian)

REGULATION 3/11
on Criteria Presented to the Person Conducting Audit of Financial-Economic Activities of Insurance Companies
  (Updated version only in Armenian)

REGULATION 3/13
on “Documents and Information Required for Granting Prior Consent of Self-Liquidation of Insurance Company, for Permission for Self-Liquidation, Liquidation Commission (Liquidator) Report Forms, Procedure, Frequency and Terms for Submission, List of Information Published by the Liquidation Commission (Liquidator), Procedure and Form of Publishing”
  (Updated version only in Armenian)


The activity of the Company is regulated also by Regulations 3/02, 3/03, 3/04, 3/09, 8/03 and the law of RA "On compulsory insurance of motor third party liability". The information on the above mentioned legal documents You may find in the Armenian version of the page. The documents will be placed on this page as soon as their English versions are available.

For more information about CMTPL regulation You can visit the website of LEA "Armenia Motor Insurers' Bureau".

Attention. "INGO ARMENIA" ICJSC is not liable for the content of web pages to which links are made in present page. The Company is also not liable for advertisements, reliability of information as well as for possible consequences of using the information of such web sites.

Updated:   2018-03-13 12:03

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