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| Topic: |
Business
|
| Number of pages / Number of words: |
5 / 1289 |
Essay's paper body
Definition (Article 2)
In order to make insurance-related terminology more precise, such words as insurance business, insurance company, foreign insurer, life insurance solicitor, non-life insurance agent, and insurance broker are defined individually.
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License (Article 3)
No person shall carry on insurance business without obtaining a license from the Minister of Finance.
There shall be two types of licenses available - one for life insurance business and another for non-life insurance business.
No person shall hold both licenses for both life and non-life insurance concurrently...
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General points of the essay
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