REGULATION Nº 4230 /2019 - 00026[ 614 ] OF 26/06/2019 ON LICENSING REQUIREMENTS AND OTHER CONDITIONS FOR INSURANCE INTERMEDIARIES

Ingingo ya Mbere: Icyo aya mabwiriza agamije Article One: Purpose Article premier: Objet Ingingo ya mbere: Icyo aya mabwiriza agamije Article One: Purpose Article Premier : Objet Aya mabwiriza agena ibigenderwaho mu kwemerera n’ibindi bisabwa abahuza mu bwishingizi This regulation aims at establishing the licensing requirements and other conditions for insurance intermediaries. Le présent règlement établit les exigences d’agrément aux autres intermédiaires d’assurance. conditions et

Ingingo ya 2: Ibisobanuro by’amagambo Article 2: Definition of terms Article 2: Définitions des termes Ingingo ya 2: Ibisobanuro by’amagambo Article 2: Definition of terms Article 2: Définitions des termes Muri aya Mabwiriza rusange, amagambo akurikira asobanurwa mu buryo bukurikira: In this Regulation, the following terms and expressions are defined as follows: Aux fins du présent Règlement, les termes ci- après ont les significations suivantes: 1° umuhuza mu bwishingizi usanzwe: umukozi utari umuntu w’umwishingizi ushyirwaho kandi agahabwa n’uwo mwishingizi gushishikariza abantu gufatayo ubwishingizi; uburenganzira bwo 1° insurance agent: person other than an employee of the insurer appointed and authorized by the insurer, the to solicit prospective principal, policyholders insurance products; to buy 1° agent d’assurance: une personne autre que l’employé de l’assureur désignée et autorisée par cet assureur, le commettant, à mobiliser des souscripteurs des polices d’assurance auprès de l’assureur; yagiranye 2° umuhuza mu bwishingizi wigenga: umuntu wigenga ukorera umufuragiro imishyikirano iyo y’ubwishingizi n’abishingizi mu izina ry’umufatabwishingizi cyangwa yahagarariye umufatabwishingizi, harimo no kuba umuhuza mu bwishingizi bw’abishingizi wigenga ahagarariye umwishingizi; 2° insurance broker: independent person who, commission, for negotiates insurance business with insurers on behalf of a prospective policyholder or as a representative of a includes reinsurance broker carrying on reinsurance brokerage for an insurer; policyholder and 2° courtier d’assurance: une personne indépendante qui, moyennant une commission, négocie des affaires d’assurance avec des assureurs au nom des preneurs d’assurance potentiels ou en tant que leur représentant et inclut un courtier de réassurance qui fait un courtage de réassurance pour un assureur; 3° impuguke abishyuza: mu umuntu kwishyuriza uhemberwa 3° loss assessor: a person, who, for a fee, provides service related to the 3° expert évaluateur de sinistre: une personne qui, moyennant un paiement, 14 ijyanye n’iperereza imirimo n’ibiganiro kurangiza bigamije ibibazo bishingiye ku masezerano mwanya y’ubwishingizi, cyangwa w’umufatabwishingizi uwishingiwe. Amafaranga yishyurwa iyo serivisi ntashobora kwishyuzwa umwishingizi kandi nta n’aho ahuriye n’ikiguzi cyo gusaba kwishyurwa; mu 4° impuguke mu kugena agaciro k’ibyangiritse: umuntu uhemberwa n’iperereza imirimo n’ibiganiro kurangiza bigamije ibibazo bishingiye ku masezerano y’ubwishingizi, mwanya w’umwishingizi; ijyanye mu Official Gazette no. 33 of 26/08/2019 investigation and negotiation of the settlement of claims under insurance contracts on behalf of insured or beneficiary. The fee for the service is never recoverable from the insurer nor is it associated to cost of the insured’s claim; le mène une enquête et négocie règlement des litiges liés aux contrats d’assurance, pour le compte de l’assuré ou bénéficiaire. Les frais de service ne sont jamais recouvrables auprès de l’assureur et ne sont pas non plus liés au coût de la réclamation de l’assuré; 4° loss adjuster: person, who, for a fee, provides service related the investigation and negotiation of the settlement of claims under insurance contracts on behalf of either the insurer or the insured; to 4° expert évaluateur de dommages: une personne moyennant qui, rémunération, mène une enquête et négocie, pour le compte de l’assureur ou de l’assuré, le règlement des litiges liés aux contrats d’assurance; 5° icyemezo cy’amahugurwa y’ibanze: icyemezo gihamya ko umuhuza mu yahawe bwishingizi amahugurwa y’ibanze ku byerekeye serivisi z’ubwishingizi agurisha; usanzwe 6° impamyabushobozi: icyemezo gihamya ko umuhuza mu bwishingizi usanzwe yahuguwe byimbitse ku byerekeye umurimo w’ubwishingizi; competence: 5° certificate a of certificate an justifying insurance agent has been provided with basic training on insurance product that he/she is selling; that of proficiency certificate 6° certificate in of insurance: professionalism proving that an insurance agent has been adequately trained in insurance; a 7° icyemezo cy’imyitwarire iboneye: icyemezo gitangwa n’Ishyirahamwe ry’Abishingizi mu Rwanda kigaragaza ubunyangamugayo imyifatire, cyangwa ubushobozi by’impuguke mu 7° certificate of good standing: a certificate issued by Association of Insurers of Rwanda issued to a loss loss assessor and risk adjuster, 15 de attestant compétence: que 5° certificat un certificat l'agent d'assurance a reçu une formation de base le produit d'assurance sur qu'il/elle vend; 6° certificat de grande compétence en de assurance: un professionnalisme prouvant qu'un agent d'assurance a eu une formation adéquate en assurance; certificat 7° certificat de bonne conduite : un certificat délivré par l’Association des Assureurs du Rwanda à un expert évaluateur de sinistre, expert en sinistres, expert enquêteur de risques agaciro k’ibyangiritse, kugena impuguke mu kwishyuriza abishyuza n’impuguke mu kugena agaciro k’ibishobora kwangirika; 8° umwishingizi cyangwa umwishingizi w’abishingizi mushya: ni umwishingizi cyangwa umwishingizi w’abishingizi wahawe icyemezo nyuma y’itangazwa ry’aya mabwiriza mu Igazeti ya Repubulika y’u Rwanda; 9° umuhuza: umuntu uwowri we wese uvugwa mu ngingo ya 7 y’aya mabwiriza; 10° umuyobozi mukuru: umukozi uwo ari we wese w’umwishingizi utanga raporo y’imirimo ye ku muyobozi nama mukuru y’ubutegetsi cyangwa komite y’inama y’ubutegetsi; cyangwa ku 11° umwishingizi: ikigo cyemewe gifite icyemezo kiyemerera gukora umurimo w’ubwishingizi; 12° ubunyangamugayo n’ubushobozi: bike mu bisabwa uri mu nama y’ubutegetsi bakuru b’umwishingizi bagomba kuba bujuje; n’abayobozi Official Gazette no. 33 of 26/08/2019 surveyor to indicate his/her moral character, integrity and performance; qui montre son caractère moral, son intégrité et ses performances ; 8° newly insurer licensed or reinsurer: an insurer or reinsurer who has been licensed after the publication of this Regulation in the Official Gazette of the Republic of Rwanda; 8° assureur réassureur ou nouvellement agréé: assureur ou réassureur qui a été agréé après la publication du présent règlement au Journal Officiel de la République du Rwanda; 9° intermediary: any of the person listed in article 7 of this Regulation; 9° intermédiaire : qui que ce soit faisant partie de la liste se trouvant à l'article 7 du présent règlement ; 10° senior officer: Any staff of any insurer reporting directly to the Managing Director/Chief Executive Office or to the Board of Directors and/or to its committees; 10° cadre dirigeant: tout agent d'un assureur qui répond directement de ses résponsabilités à la haute direction ou au conseil d'administrationet/ou à son comité ; 11° insurer: a licensed or authorised legal entity which carries out insurance business as insurer; 11° assureur: personne morale agréée ou autorisée à mener des activités d’assurance comme assureur; 12° fit and proper: minimum requirements that a member of the Board of Directors or senior officer of must fulfil; 12° intégrité et compétence: exigences minimales qu'un membre du conseil d'administration ou un cadre dirigeant doit remplir ; 16 Ubunyangamugayo n’ubushobozi ni: Fit and proper criteria are: Les critères d’intégrité et de compétence sont : Official Gazette no. 33 of 26/08/2019 A. kuba umunyakuri, inyangamugayo no kugaragaza imikorere myiza, birimo, ariko ntibigarukira gusa kuri ibi bikurikira: A. honesty, integrity good reputation include but not limited to: and A. honnêteté, et bonne intégrité réputation mais sans nécessairemet se limiter: (a) kuba atarahamijwe icyaha n’inkiko; (a) no record of criminal conviction; (a) aucune preuve de condamnation (b) kuba ataragaragaweho imyitwarire mibi cyangwa atarakurikiranywe mu manza by’umwihariko ku bifitanye isano n’ishoramari cyangwa imirimo y’imari, igayitse, imyitwarire uburiganya n’ibindi bisa n’ibyo; (b) no reputational adverse finding or any in court proceedings particularly connection with or investment financial business, misconduct, fraud or related matters; pénale; (b) n’a fait l’objet de mauvaise réputation ou implication dans les procédures judiciaires en particulier dans le cadre d’affaires d’investissements financières, mauvaise conduite, fraude ou autres cas similaires. ou (c) kuba ataranyuranyije n’amabwiriza ngenderwaho hamwe n’ibipimo rumwe cyangwa byo ku na/cyangwa bipimo ngenderwaho; rwego ibindi (d) kuba atarigeze akorana n’isosiyete cyangwa ikindi kigo, akaba atarigeze agirana ubufatanye n’abantu cyangwa ibigo nyamara abo bantu cyangwa ibyo bigo byarangiwe kwiyandikisha, byarimwe icyemezo cyo gukora, urwo rwarakuweho, ruhushya yararwambuwe, rwararangiye ibyo bigo cyangwa abo cyangwa abantu n’urwego barirukanywe rw’ubugenzuzi cyangwa urwa Leta; (c) no infringement of any regulatory requirements and standards and/or equivalent and standards; requirements (c) n’a pas enfreint les exigences et les normes exigences et normes équivalentes; réglementaires et/ou (d) has not been involved with a company, partnership or other organization that have been denied registration or license, whose license was revoked, withdrawn or terminated, or has been expelled or a government body; regulatory by (d) n’a pas participé à une société, un partenariat commercial non constitutif de société ou une autre organisation dont un enregistrement /une licence a été refusé, dont la licence a été révoquée, retirée ou résiliée, ou a été expulsée par un organe de régulation ou un organe de l’Etat; 17 (e) kuba atarimwe uburenganzira bwo gukora ubucuruzi, umurimo cyangwa icyemezo, umwuga bisaba kwiyandikisha ubundi burenganzira, kubera ko yavaniweho atiyandikishije urwo ubundi cyangwa burenganzira n’icyo gikorwa; ruhushya, bujyanye cyangwa atahawe (f) kuba atarabaye umwe mu bagize inama y’ubutegetsi, umunyamuryango cyangwa yarabaye mu buyobozi bukuru cyahombye, cyasheshwe cyangwa cyashyiriweho abagicunga; bw’ikigo (g) kuba umuntu baba barakoranye yagizemo cy’ubucuruzi igikorwa uruhare iperereza, barakozweho barafatiwe ibihano byo mu rwego rw’imyitwarire, barakuweho icyizere, cyangwa yarahagaritswe cyangwa baranenzwe na Banki Nkuru cyangwa urwego rushinzwe umwuga, urukiko, haba ku buryo bwa rusange cyangwa bwihariye; (h) kuba atarirukanywe, atarasabwe kwegura kandi ariko akegura, ku murimo ku mwanya w’umurimo wo gucunga no kuragira umutungo w’abandi, gushyirwa mu cyangwa Official Gazette no. 33 of 26/08/2019 (e) has not been refused the right to carry out a trade, business or profession requiring a license, registration or other authorization, as a result of the license, the removal of registration or other authorization; relevant (e) n’a pas été refusée le droit d’exercer le commerce, des affaires ou une profession nécessitant une licence, une inscription ou une autre autorisation, en raison de la révocation de la licence y relative, de l’enregistrement ou de toute autre autorité; (f) has not been a director, partner, or involved in the management of a business that has gone into insolvency, liquidation or administration; (f) n’a pas été administrateur, associé ou impliqué dans la direction d’une entreprise qui est devenue insolvable, qui est tombée en liquidation ou été placée sous administration; (g) a person, or any business with which he has been associated with or involved in have been investigated, disciplined, censured or suspended or criticized or a professional body, a court or Tribunal, whether publicly or privately; regulatory by (h) has not been dismissed, nor asked to resign and resigned, from employment or from a position of trust, fiduciary appointment or similar; 18 (g) la personne avec laquelle il a été associé ou toute entreprise dans laquelle il a été impliquée ont été visées par une enquête, une sanction disciplinaire, censurées ou suspendues ou critiquées par un organe de régulation ou professionnel, une juridiction ou un tribunal, que ce soit en public ou en privé; (h) n’a été ni renvoyée, ni fait l’objet de demande de démission mais a démissionné, d’un emploi ou d’une position d’une nomination fiduciaire ou similaire; confiance, de Official Gazette no. 33 of 26/08/2019 murimo wo kurinda cyangwa undi usa na wo; iby’abandi (i) kuba atarangiwe gukora nk’uri mu cyangwa y’ubutegetsi nama atarangiwe gukora mu mwanya w’ubuyobozi bukuru; (i) has never been disqualified from acting as a director or disqualified from acting in any managerial capacity; (i) n’a jamais été disqualifiée pour agir ou en disqualifié pour agir à titre de cadre dirigeant; qu’administrateur tant (j) kuba mu gihe cyahise atarabaye yose umunyakuri mu mirimo yakoranye rushinzwe n’urwego igenzuramikorere no kuba uwo muntu atagaragaza ko yiteguye kandi afite ubushake bwo kubahiriza ibisabwa na Banki Nkuru. (j) in the past, a he has not been candid and truthful in all his dealings with any regulatory body and whether the person does not demonstrate readiness and willingness to comply with the requirements and standards of the regulatory system. (j) dans le passé, il n’a pas été sincère et véridique dans toutes ses relations avec un organe de régulation et si la personne ne fait pas montre de promptitude et une bonne volonté de se conformer aux exigences et aux normes du système de régulation. B. ububasha n’ubushobozi, birimo ariko ntibigarukira gusa kuri ibi bikurikira: B. Competence and capability including but not limited to: B. Compétence et capacité incluant mais pas se necessairement : limitant ne (a) kuba yagaragaje ubumenyi n’ubunararibonye mu byerekeye bijyanye ibikorwa by’imari n’ibikorwa bigamijwe n’umwishingizi; (a) having demonstrated and experience financial operations commensurate with the intended activities of the insurer; relevant skills in (b) kuba yarahawe amahugurwa ku birebana n’inshingano n’imirimo umuntu ategerejwe gukora; (b) having received trainings in relation to responsibilities and functions he is expected to exercise; (a) avoir démontré ses compétences et les son expérience dans opérations financières pertinentes en fonction des activités prévues de l’assureur; (b) avoir reçu des formations en relation avec les responsabilités et les fonctions qu’elle est censée exercer; (c) kuba afite gusohoza gukora. igihe gihagije cyo ategerejwe imirimo (c) having adequate functions he/she exercise. time is expected to perform to (c) avoir suffisamment de temps pour exercer les fonctions qu’elle est censée d’exercer. 19 Official Gazette no. 33 of 26/08/2019 C. Imari (yifashe) ihagaze neza, birimo ariko ntibigarukira gusa kuri ibi bikurikira: C. Financial soundness, include but not limited to whether that person: C. Solidité financière comprend mais ne se limitant pas necessairement à ce que la personne : (a) kuba nta myenda iri mu manza cyangwa amashimwe asigaye ataratangwa; (a) has not been subject to judgement in award or debt reimbursement remaining outstanding; (a) n’a fait l’objet d’aucun jugement de dette ou récompense restant en souffrance; (b) kuba yagiranye ubwumvikane n’abo abereyemo imyenda; (b) has never done any arrangement with (b) n'a pas fait des arrangements avec his creditors; ses créanciers; (c) kuba imitungo ye itarigeze (c) his assets were not subjected to seizure (c) ses actifs n’ont jamais fait l’objet ifatirwa. . de saisie. 13° ufitanye isano n’umwishingizi: uwo ariwe wese ufitanye isano n’umuyobozi mukuru cyangwa ugize inama y’ubuyobozi bw’umwishingizi yaba ishingiye ku maraso kugera ku rwego rwa gatatu cyangwa ishingiye ku gushyingiranwa. 13° related person: any person having relationship with any of the senior officer or board member of insurer either by kinship to the third degree or by marriage. 13° personne apparentée: toute personne ayant des relations avec l'un des membres de la direction ou du conseil d'administration de l'assureur, que ce soit par parenté au troisième degré ou par mariage.

Ingingo ya 3: Abarebwa n’aya mabwiriza rusange Article 3: Scope Article 3: Champ d'application UMUTWE WA ZIHURIWEHO N’ABAHUZA BOSE II: INGINGO CHAPTER II: COMMON PROVISIONS FOR ALL INTERMEDIARIES II: CHAPITRE COMMUNES A INTERMÉDIAIRES DISPOSITIONS LES TOUS Ingingo ya 3: Abarebwa n’aya mabwiriza rusange Article 3: Scope Article 3: Champ d'application Aya mabwiriza akurikizwa n’abahuza nk’uko bashyizwe mu byiciro n’ingingo ya 7 y’aya mabwiriza, abishingizi ndetse n’abishingizi b’abishingizi bakorera imirimo yabo ku butaka bwa Repubulika y’u Rwanda. This Regulation shall apply to insurance intermediaries as categorized under article 7 of this Regulation, insurers and reinsurers who run their businesses on the territory of the Republic of Rwanda. s'applique Le présent Règlement aux intermédiaires d'assurance comme categorisés par l’article 7 du présent Règlement, aux assureurs et aux réassureurs exerçant leurs activités sur le territoire de la République du Rwanda. 20 UMUTWE WA ZIHURIWEHO N’ABAHUZA BOSE II: INGINGO Official Gazette no. 33 of 26/08/2019 CHAPTER II: COMMON PROVISIONS FOR ALL INTERMEDIARIES II: CHAPITRE COMMUNES A INTERMÉDIAIRES DISPOSITIONS LES TOUS

Ingingo ya 4: Kubuzwa gukora umurimo w’ubuhuza nta ruhushya Article 4: Prohibition intermediaries business without license to carry out Article 4: activités d'intermédiaire sans agrément Interdiction d'exercer des Ingingo ya nk’umuhuza 5: Kubuzwa gukora Ingingo ya 4: Kubuzwa gukora umurimo w’ubuhuza nta ruhushya Article 4: Prohibition intermediaries business without license to carry out Article 4: activités d'intermédiaire sans agrément Interdiction d'exercer des Uretse umuhuza mu bwishingizi usanzwe, nta nk’umuhuza muntu wemerewe cyangwa nk’umuguza cyangwa ngo yifate nk’umuhuza mu Rwanda atabifitiye icyemezo cyo kubikora. gukora yigaragaze ngo Apart from insurance agent, no person shall carry out the business as an intermediary or hold himself out as an intermediary in Rwanda, without a license to do so. Hormis l’agent d’assurance, nul ne peut se exercer présenter comme intermédiaire au Rwanda sans en obtenir l’agrément. l’activité d’intermédiaire ni Ingingo ya nk’umuhuza 5: Kubuzwa gukora

Article 5: Prohibitions intermediary to work as Article 5 : Interdiction de jouer le rôle d’intermédiaire Article 5: Prohibitions intermediary to work as Article 5 : Interdiction de jouer le rôle d’intermédiaire Abari mu nama y’ubutegetsi, abayobozi cyangwa umukozi bakuru, umugenzuzi cyangwa w’ikigo cy’ubwishingizi abujijwe gukora nk’umuhuza w’umwishingizi cyangwa w’umwishingizi w’abishingizi. cy’ubwishingizi bw’abishingizi Directors, senior officers, auditor or employee of an insurance or reinsurance company shall not act as an intermediary of any insurance or of reinsurance company. cadres administrateurs, dirigeants, Les auditeurs ou employés d’une compagnie d’assurances ou de réassureurs ne peuvent agir en tant qu’un intermédiaire de l’assureur ou de réassureur.

Ingingo ya 6: Kubuzwa kugira imigabane Article 6: Prohibitions related to ownership of shares Article 6: Interdictions liées à la propriété d'actions Ingingo ya 6: Kubuzwa kugira imigabane Article 6: Prohibitions related to ownership of shares Article 6: Interdictions liées à la propriété d'actions Umwishingizi umwishingizi cyangwa w’abishingizi uwo ari we wese, amasosiyete yabyawe na we cyangwa uri mu nama y’ubutegetsi cyangwa umuyobozi mukuru be, mu buryo buziguye cyangwa ubutaziguye ntibagomba kugira imigabane mu bucuruzi bw’umuhuza. An insurer or reinsurer, any of its subsidiaries or director and senior officers, shall not, directly or indirectly, hold shares in the affairs of an intermediary. Un assureur, ses filiales ou ses administrateurs et ses membres de la haute direction ne peuvent, directement ou indirectement être actionaire dans les affaires d'un intermédiaire. 21 Official Gazette no. 33 of 26/08/2019

Ingingo ya 7: Ibyiciro by’abahuza Article 7: Categories of intermediaries Article 7: Categories d'intermédiaires 3 Official Gazette no. 33 of 26/08/2019 Ingingo ya 7: Ibyiciro by’abahuza Article 7: Categories of intermediaries Article 7: Categories d'intermédiaires Ibyiciro by'abahuza ni ibi bikurikira: Intermediaries are categorized as follows: intermédiaires sont classés dans les Les categories suivantes de types comme suit : 1° abahuza mu bwishingizi bigenga; 1° insurance brokers; 1° les courtiers d’assurance; 2° abahuza mu bwishingizi 2° reinsurance brokers; 2° les courtiers de réassurance; bw’abishingizi bigenga; 3° abahuza mu bwishingizi basanzwe; 3° insurance agents; 3° agents d'assurance; 4° impuguke mu kíbyangiritse; kugena agaciro 4° loss adjusters; 4° experts évaluateurs de dommage 5° impuguke mu kwishyuriza abishyuza; 5° loss assessors; 5° experts évaluateurs de sinistre; 6° impuguke mu kugena agaciro 6° risk surveyor; 6° enquêteurs de risques; k’ibyakwangirika; 7° ubundi bwoko Banki Nkuru ishobora 7° any other category that the Central Bank 7° toute autre catégorie que la Banque kwemera. may determine. Centrale peut déterminer.

Ingingo ya 8: Gusaba icyemezo Article 8: Application for license Article 8: Demande d’agrément Ingingo ya 8: Gusaba icyemezo Article 8: Application for license Article 8: Demande d’agrément Uretse umuhuza mu bwishingizi usanzwe, umuntu ushaka gukora umurimo w’ubuhuza abisabira icyemezo muri Banki Nkuru. Apart from insurance agent, a person who seeks to carry on business as an intermediary shall apply for a license to the Central Bank. souhaite Sauf pour les agents d'assurance, une personne qui activité exercer d'intermédiaire doit demander un agrément à la Banque Centrale. une Banki Nkuru iha icyemezo umuhuza, iyo isanze usaba yujuje ibisabwa. Icyemezo kigomba kugaragaza neza icyiciro umuhuza abarizwamo. The Central Bank shall grant a license to an intermediary if it is satisfied the applicant meets the requirements. A licence shall clearly state the insurance intermediary’s category. La Banque Centrale octroie un agrément à un intermediaire si elle est convaincue que le demandeur satisfait aux conditions requises. 22

Ingingo ya 9: Amafaranga yo gusaba icyemezo Article 9: Application fee Article 9: Frais de demande d’agrément Ingingo ya 9: Amafaranga yo gusaba icyemezo Uretse umuhuza mu bwishingizi usanzwe, umuntu usaba icyemezo cyo gukora umurimo w’ubuhuza yishyura Banki Nkuru amafaranga ibihumbi ijana (100.000 FRW) adasubizwa. Official Gazette no. 33 of 26/08/2019 Article 9: Application fee Article 9: Frais de demande L’agrément doit clairement catégorie de l’intermédiaire. indiquer la Apart from agent in insurance, any other person applying for license to carry out an intermediary’s business shall pay to the Central Bank a non-refundable application fee of one hundred thousand (FRW 100,000). A part d’un agent en assurance, toute autre personne demandant un agrément pour exercer l’activité d’intermédiaire d’assurance doit payer à la Banque Centrale les frais de demande non remboursables de cent mille francs rwandais (FRW 100.000).

Ingingo ya 10: Amafaranga y’icyemezo Article 10: License fee Article 10: Les frais d’agrément Ingingo ya 10: Amafaranga y’icyemezo Article 10: License fee Article 10: Les frais d’agrément Iyo uwasabye amaze kumenyeshwa ko azahabwa icyemezo, amafaranga akurikira agomba kwishyurwa muri Banki Nkuru kugira ngo agihabwe: After the decision to grant license is notified to the applicant, the following amounts shall become due and payable to the Central Bank for license fee: Après qu'une décision d'octroi de l’grément a été notifiée au demandeur, les montants suivants sont dus et payables à la Banque Centrale pour à titre de frais d’agrément: 1° amafaranga ibihumbi magana atanu (500.000 FRW) ku muhuza mu bwishingizi wigenga; 2° miliyoni y’amafaranga y’u Rwanda (1000.000 FRW) ku muhuza mu bwishingizi bw’abishingizi wigenga na 3° ibihumbi ijana (100.000 FRW) ku bandi bahuza 1° five hundred thousands Rwandan francs (FRW500,000) for insurance broker; 2° one million Rwadan Francs (FRW 1000,000) for reinsurance broker; and 1° Cinq cent mille frans rwandais (FRW 500.000) pour le courtier d’assurance ; 2° Un million de rwadais (FRW1000.000) pour le courtier de réassurance; et francs 3° one hundred thousands Rwandan francs the other for (FRW 100, 000) remaining intermediaries. 3° Cent mille (100.000 FRW) pour d’autres intermédiaires. Cyakora ibivugwa mu gika cya mbere cy’iyi ngingo ntibireba umuhuza mu bwishingizi usanzwe. However, the provisions of paragraph one in this article are not applicable to an insurance agent. Toutefois, les dispositions du paragraphe premier du présent article ne sont pas applicables à un agent en assurance. 23 Official Gazette no. 33 of 26/08/2019

Ingingo ya 11: Amafaranga y’igenzura ku muhuza mu bwishingizi wigenga Article 11: Supervisions fee for an insurance broker Article 11: Frais de supervision pour un courtier d’assurance ingingo ya 11: Amafaranga y’igenzura ku muhuza mu bwishingizi wigenga Article 11: Supervisions fee for an insurance broker Article 11: Commission de surveillance pour un courtier d’assurance Buri muhuza mu bwishingizi wigenga amafaranga yishyura y’ubugenzuzi atanu by’amafaranga y’u Rwanda (500.000 FRW). Nkuru ibihumbi magana Banki Aya mafaranga agomba kwishyurwa ku itariki 31 z’ukwezi kwa Mutarama buri mwaka cyangwa mbere yaho bigakomeza gutyo kugeza igihe icyemezo gitesherejwe agaciro. Every licensed insurance broker shall pay five hundred thousands Rwandan francs (FRW 500,000) to the Central Bank for supervision fee. Tout courtier d’assurance agréé doit payer cinq cent mille francs rwandais (FRW500.000) à la Banque Centrale pour les frais de supervision. This fee is due and payable on or before the 31st day of January each year until the license is revoked. Ces frais sont dus et payables au plus tard le 31 Janvier de chaque année jusqu'à ce que la licence soit révoquée.

Ingingo ya 12: Gutanga amakuru ayobya cyangwa atari ukuri Article 12: Submitting misleading or untrue information Article 12: Soumission d'informations trompeuses ou inexactes UMUTWE WA III: INGINGO ZIHARIYE KU MUHUZA WIGENGA CHAPTER III: SPECIFIC PROVISIONS FOR INSURANCE BROKER Icyiciro umuhuza mu bwishingizi wigenga cya mbere: Guha icyemezo Section One: Licensing of insurance broker CHAPITRE SPÉCIFIQUES D’ASSURANCE III: AU DISPOSITIONS COURTIER Section Première: Agrément des courtier d’assurances Ingingo ya 12: Gutanga amakuru ayobya cyangwa atari ukuri Article 12: Submitting misleading or untrue information Article 12: Soumission d'informations trompeuses ou inexactes Umuhuza utanga amakuru atari ukuri cyangwa ayobya mu gihe cyo gusaba icyemezo cyangwa mu gihe cyo kugirana amasezerano hagati y’umuhuza mu bwishingizi usanzwe ndetse afatwa bituma n’umwishingizi nk’udafite ubunyangamugayo n’ubushobozi kandi bikaba impamvu yo kwanga ugusaba kwe cyangwa yo gutesha agaciro icyemezo iyo cyamaze gutangwa. usaba The submission of untrue or misleading information by any intermediary during application for license or during contract process between insurance agent and insurer shall render the applicant not fit and proper, and shall constitute grounds for rejection of the application or revocation of the license, where a license has been issued. La soumission de toute information fausse ou trompeuse par un intermédiaire d’assurance pendant la demande d’agrément ou pendant la conclusion du contrat entre l’agent d’assurance et l’assureur conduit au manque d’intégrité et de compétence et constitue un motif de rejet de la demande ou de révocation d’agrément si l’agrément a été déjà délivrée. 24 Official Gazette no. 33 of 26/08/2019 UMUTWE WA III: INGINGO ZIHARIYE KU MUHUZA MU BWISHINGIZI WIGENGA CHAPTER III: SPECIFIC PROVISIONS FORINSURANCE BROKER CHAPITRE SPÉCIFIQUES D’ASSURANCE III: AU DISPOSITIONS COURTIER Icyiciro umuhuza mu bwishingizi wigenga cya mbere: Guha icyemezo Section One: Licensing of insurance broker Première section: Agrément des courtiers d’assurance

Ingingo ya 13: Kubuzwa gukoresha amagambo «ubuhuza bwigenga» Article 13: Prohibitions on the use of expression “brokerage” 13: Article l'expression « courtage » Interdiction d'utiliser Ingingo ya 13: Kubuzwa gukoresha amagambo «ubuhuza bwigenga» Article 13: Prohibitions on the use of expression “brokerage” Article 13: l'expression « courtage » Interdiction d'utiliser Nta muntu wemerewe gukoresha amagambo «ubuhuza bwigenga» cyangwa andi magambo yenda gusa nayo mu rurimi urwo ari rwo rwose cyangwa ngo akoreshe ubundi buryo ubwo ari bwo bwose ku buryo byagaragara ko umuntu akora umurimo nk’umuhuza mu bwishingizi wigenga keretse yarabiherewe icyemezo. No person shall use the words “brokerage” or any of its derivatives in any language or any other manner indicating that the person carries on business as an insurance broker unless that person has been licensed as such. Il est interdit d'employer les mots « courtage » ou l'un de ses dérivés dans n’importe quelle langue ou de toute autre manière indiquant qu'une personne exerce l’activité comme courtier d’assurance à moins que cette personne ait été agréée en tant que telle.

Ingingo ya 14: Ubuzima gatozi bw’umuhuza mu bwishingizi wigenga Article 14: Legal status of an insurance broker Article 14: Statut juridique du courtier d'assurance Ingingo ya ntagibwamunsi 15: Imari shingiro ingingo ya 14: ubuzima gatozi bw’umuhuza mu bwishingizi wigenga Article 14: Legal status of an insurance broker Article 14: Statut juridique du courtier d'assurance Umuhuza mu bwishingizi wigenga agomba kuba isosiyete ifite uburyozwe buhinnye. An insurance broker must be a limited company. Un courtier d’assurance doit être une société à responsabilité limitée. Ingingo ya ntagibwamunsi 15: Imari shingiro

Article 15: Minimum Capital Article 15: Capital minimum Article 15: Minimum Capital Article 15: Capital minimum Imari shinmgiro ntagibwamunsi iteye gutya: The minimum paid-up capital is as follows: Le capital libéré minimum est le suivant: 1° miriyoni mirongo itanu y’amafaranga y’u Rwanda (50.000.000FRW) ku muhuza wigenga mu bwishingizi; na 1° fifty million Rwandan francs (FRW 50,000,000) for insurance broker; and 1° cinquante millions de francs rwandais (RWF 50.000.000) pour le courtier d’assurances; et 25 2° miliyoni Rwanda muhuza bw’abishingizi. ijana z’amafaranga y’u (100.000.000 FRW) ku bwishingizi mu Official Gazette no. 33 of 26/08/2019 2° one hundred million Rwandan francs (FRW100,000,000) for reinsurance broker. 2° cent millions (FRW 100.000.000) pour le courtier de réassurance. Umuhuza mu bwishingizi wigenga agomba kuba afite imari shingiro ivugwa mu gika cya mbere cy’iyi ngingo buri gihe. Aan insurance broker must maintain the minimum capital required under paragraph one of this article at all times. Le courtier d’assurance doit maintenir le capital minimum requis en vertu de l’alinéa premier du présent article à tout moment. Umuhuza mu bwishingizi wigenga agomba kwishyura buri mugabane wose ugize imarishingiro. Every share allocated to the minimum paid-up capital issued by an insurance broker must be fully paid. Chaque action assignée au capital minimum émis par un courtier d’assurance doit être entièrement libéré.

Ingingo ya 16: Ubwishingizi bw’uburyozwe ku muhuza wigenga Article 16: Professional insurance broker indemnity for Article 16: Indemnité professionnelle du courtier d’assurance Ingingo ya 16: Ubwishingizi bw’uburyozwe ku muhuza mu bwishingizi wigenga Article 16: Professional indemnity for an insurance broker Article 16: Indemnité professionnelle du courtier d’assurance Umuhuza mu bwishingizi wigenga wemewe agomba ubwishingizi kuba bw’uburyozwe butari munsi ya: afite A licensed insurance broker shall have a Professional Indemnity Insurance Policy of not less than: Le courtier d’assurance agrée doit avoir une police d’assurance indemnité professionnelle d’au moins : 1° miliyoni magana abiri y’amafaranga y’u Rwanda (200.000.000FRW) buri mwaka na miriyoni makumyabiri y’amafaranga Rwanda y’ (20.000.000 FRW) kuri buri mpanuka cyangwa ikindi gihombo ashobora guteza cyangwa umwishingizi umufatabwishingizi ku muhuza mu bwishingizi wigenga; na u 1° two hundred million Rwandan francs (RWF200,000,000) per year and twenty million Rwandan francs (RWF 20, 000,000) per accident or against any damage that may be caused to insurance companies or insurance policyholders for an insurance broker in insurance; and 1° deux cent millions de francs rwandais (200 000 000 FRW) par an et de vingt millions de francs rwandais (20 000 000 FRW) par accident ou dommages pouvant être causés aux compagnies d’assurance ou aux assurés pour un courtier d’assurance assurance ; et 2° miriyoni magana ane z’amafaranga y’u Rwanda (400.000.000 FRW) buri mwaka na miriyoni mirongwine (FRW40.000.000) kuri buri mpanuka 2° four hundred million Rwandan francs (RWF400,000,000) per year and fourty million Rwandan francs (RWF 40, 000,000) per accident or against 26 2° quatre cent millions de francs rwandais (FRW400.000.000) par an francs et quarante millions de par rwandais (FRW40.000.000) Official Gazette no. 33 of 26/08/2019 cyangwa ikindi gihombo ashobora guteza umwishingizi w’abishingizi cyangwa umufatabwishingizi w’ubwishingizi bw’abishingizi; ku bwishingizi muhuza bw’abishingizi wigenga. mu any damage that may be caused to a reinsurance company or reinsurance policyholder, reinsurance for broker. a tout dommage accident ou par susceptible d'être causé à une société de réassurance ou à un preneur de réassurance, pour un courtier de réassurance.

Ingingo ya 17: Gusaba icyemezo ku muhuza mu bwishingizi wigenga Article 17: Application for license for an insurance broker Article 17: Demande d’agrément pour courtier d’assurance 4 Official Gazette no. 33 of 26/08/2019 Ingingo ya 17: Gusaba icyemezo ku muhuza mu bwishingizi wigenga Article 17: Application for license for an insurance broker Article 17: Demande d’agrément pour courtier d’assurance Umuntu ushaka icyemezo nk’umuhuza mu bwingizi wigenga agisaba Banki Nkuru akoresheje ifishi iteganyijwe ku Mugereka wa 1. Any person seeking a license as an insurance broker shall apply to the Central Bank in a in prescribed Application Form set out Appendix 1. Toute personne désirant un agrément en tant que courtier d’assurance doit présenter sa demande à la Banque Centrale au moyen du formulaire de demande figurant à l’Annexe 1.

Ingingo ya 18: Amakuru asabwa usaba icyemezo nk’umuhuza mu bwishingizi wigenga Article 18: Required licensing an insurance broker information for Article 18: Informations requises pour l’agrément d’un courtier d’assurance ingingo ya 18: Amakuru asabwa usaba icyemezo nk’umuhuza mu bwishingizi wigenga Article 18: Required licensing an insurance broker information for Article 18: Informations requises pour l’agrément d’un courtier d’assurance Haseguriwe ibivugwa mu ngingo ya 17 y’aya mabwiriza, gusaba icyemezo nk’umuhuza mu bwishingi wigenga ariko ntibigarukira ku makuru akurikira: bigaragaza Subject to the provisions of article 17 of this Regulation, an application for license of an insurance broker shall contain the following minimum information: Sous réserve des dispositions de l'article 17 du présent règlement, une demande d'agrément de courtier d’assurance doit les informations minimum suivantes: contenir 1° izina ndetse na aderesi za sosiyete; 1° the name and address of the proposed 1° le nom et l'adresse de la société company; proposée; 2° amazina, ndetse n’ubwenegihugu by’abanyamigabane; aderesi 3° amazina, aderesi n’ubwenegihugu by’abagize y’ubutegetsi; ndetse inama 2° names, addresses and nationality of 2° les noms, adresses et nationalité des shareholders; 3° names, qualification directors; addresses, nationality, and occupation of 27 actionnaires; 3° les noms, qualifications administrateurs; adresses, nationalité, et profession des Official Gazette no. 33 of 26/08/2019 4° amazina, aderesi, amashuri ndetse n’uburambe by’abayobozi bakuru; 4° names, addresses, qualification and experience of senior managers; 4° les noms, adresses, qualifications et expérience des cadres dirigeants; 5° ubwoko bw’ubwishingizi/ ubwishingizi bw’abishingizi yifuza gukoreramo akazi ke; 5° class of insurance/reinsurance business intended to be transacted; 5° la catégorie d'activités d'assurance/de réassurance destinée à être traitée; 6° imiterere y’imari shingiro y’isosiyete; 6° the capital structure of the company; 6° la structure du capital de la société; 7° itegurwa rya gahunda y’imirimo ndetse n’iyi mari nibura mu gihe cy’imyaka itatu; 7° the business and financial plans for at least three years; 7° les plans commerciaux et financiers pour au moins trois ans; 8° amazina na by’umugenzuzi wigenga; ndetse aderesi 8° the names and address of the external auditors; 8° les noms et adresse des auditeurs externes; 9° umubare w’abakozi utegenyijwe; 9° the estimated number of employees; 9° le nombre estimé d'employés; 10° andi makuru Banki Nkuru ishobora gukenera. 10° any other information that the Central Bank may require. 10° toute autre information requise par la Banque Centrale.

Ingingo ya 19: Ibindi bisabwa Article 19: Other required documents Article 19: Autres documents requis Ingingo ya 19: Ibindi bisabwa Article 19: Other required documents Article 19: Autres documents requis Haseguriwe ibiteganywa n’ingingo ya 18 y’aya biherekezwa n’inyandiko zikurikira: ambwiriza, gusaba Without prejudice to Article 18 of this Regulation, be accompanied by the following documents: application shall the Sous réserve des dispositions de l’article 18 du présent règlement, la demande d’agréement doit être accompagnée des documents suivants: 1° inyandiko z’ubwumvikane ndetse n’amategeko shingiro by’isosiyete; 1° the memorandum and articles of 1° le mémorandum d’association et les association; statuts; 2° icyemezo cy’ishingwa ry’isosiyete; 2° the certificate of incorporation; 2° le certificat de constitution; 3° fotokopi y’ubutgetsi y’inama y’imyanzuro igaragaza ko yemeye 3° a certified copy of the resolution of the board of directors authorizing the 3° une copie certifiée conforme à l'original de la résolution du conseil 28 Official Gazette no. 33 of 26/08/2019 itegurwa ndetse no itangwa rya dosiye isaba icyemezo; preparation and submission of the application; la d'administration préparation et le dépôt de la demande; autorisant 4° iyo usaba ari umunyamahanga, y’urwego inyandiko ngenzuramikorere rw’igihugu isosiyete isaba ikomokamo yemeza ko rwabanje kwemeza ko hashyirwaho isosiyete yabyawe n’indi cyangwa ibindi biro mu Rwanda kandi ko abafite imiganane itubutse, abagize inama ndetse y’ubutegetsi n’ubuyobozi bukuru bose bafite ubunyangamugayo n’ubushobozi; 4° for a foreign applicants, a statement from the home supervisory authority declaring that it has given prior approval or a “non objection” for the establishment of a subsidiary or any other office in Rwanda, and that the applicant’s qualifying shareholders, directors and senior management, as a whole, are fit and proper persons; 4° pour les demandeurs étrangers, une déclaration de l'autorité de contrôle du pays d'origine déclarant qu'elle a donné son accord préalable ou une «non objection » de création d'une filiale ou de tout autre bureau au Rwanda, et que les actionnaires qualifiés, les administrateurs et les cadres dirigeants du demandeur la direction, dans son ensemble, est une personne de compétence et d’intégrité; 5° indi nyandiko Banki Nkuru yasanga 5° any other document the Central Bank 5° tout autre document que la Banque ari ngombwa. can find necessary. Centrale peut juger nécessaire.

Ingingo ya 20: Kumenyesha impinduka zibaye mu gihe cy’isaba Article 20: Notification of change during application process Article 20: Notification de changement pendant le processus de candidature Ingingo ya 20: Kumenyesha impinduka zibaye mu gihe cy’isaba Article 20: Notification of change during application process Article 20: Notification de changement pendant le processus de candidature Impinduka iyo ariyo yose ikomeye ibaye mu gihe cy’isaba cyangwa nyuma yo gutanga icyemezo ariko mbere yo gutangira imirimo igomba guhita imenyeshwa Banki Nkuru ariko uko byagenda kose iryo menyesha ntirigomba kurenza iminsi makumyabiri n’umwe uhereye igihe usaba ayimenyeye. Any material changes in the application during the process of application or after the issuance of the license but before the commencement of operations, shall be duly notified to the Central Bank as soon as possible, but in any event, not later than twenty-one (21) days after the change has come to the attention of the Applicant. importante dans Toute modification la demande, au cours de la procédure ou après la délivrance de l’agrément, mais avant le début des opérations, doit être dûment notifiée à la Banque Centrale dès que possible, mais en tout état de cause au plus tard vingt et un (21) jours après que le changement a été porté à l'attention du demandeur. Ku bw’aya mabwiriza, impinduka ikomeye isobanura ariko ntigarukira kuri ibi bikurikira bibaye ku: For the purpose of this Regulation, material change means any change in, but not limited to the following: Aux fins du présent règlement, on entend par changement important tout changement, sans toutefois s'y limiter concernant: 29 Official Gazette no. 33 of 26/08/2019 1° imiterere y’inama y’ubutegetsi; 1° the composition of the Board of 1° la composition du conseil Directors; d'administration; 2° ubuyobozi bukuru; 2° senior management; 2° la haute direction; 3° imiterere y’imari n’iy’imigabane; 3° or capital structure and shareholdings; 3° ou la structure du capital et les actionnaires.

Ingingo ya 21: Ibyitabwaho mu guha icyemezo umuhuza mu bwishingizi wigenga Article 21: Licensing criteria for insurance broker s Article 21: Critères d'agrément des courtier d’assurances Ingingo ya 21: Ibyitabwaho mu guha icyemezo umuhuza mu bwishingizi wigenga Article 21: Licensing criteria forinsurance brokers Article 21: Critères d'agrément des courtiers d’assurance Mu gusuzuma ugusaba icyemezo Banki Nkuru ireba neza niba inyuzwe n’ibi bikurikira: When considering the Application, the Central Bank shall satisfy itself, that: Lorsqu'elle examine la demande, la Banque centrale s'assure que: 1° niba mu miterere y’imigabane y’isosiyete harimo umucyo; 1° there is sufficient transparency in the the structure of shareholding company; rwego 2° abafite imiganane itubutse bahagaze nezamu ari inyangamugayo, bafite amafaranga ahagije ku buryo bakongera muri sosiyete amafaranga biramutse bibaye ngombwa; rw’imari, 2° the qualifying shareholders possess integrity, to financial support, good business standing, financial strength and ability provide should the need arises; further 3° abafite imigabane itubutse, abagize inama y’ubutegetsi, abayobozi bakuru ndetse n’abagenzuzi b’isosiyete bafite n’ubushobozi ubunyangamugayo kugirango buzuze inshingano zabo; 3° the qualifying shareholders, directors, senior managers, and auditors of the company are fit and proper to fulfill their roles; 1° la structure de l’actionnariat de la société est suffisamment transparente; 2° les actionnaires qualifiés possèdent la bonne réputation, l'intégrité, la solidité financière et la capacité de fournir un soutien financier supplémentaire, le cas échéant; 3° les qualifiés, actionnaires les auditeurs de les administrateurs, les cadres dirigeants et société remplissent les critères d’intégrité et de compétence pour s'acquitter de leurs fonctions ; la 4° abagize y’ubutegetsi n’abayobozi bakuru bafite ubumenyi inama 4° directors and senior managers have adequate commercial and professional 4° les administrateurs et les cadres dirigeants ont une connaissance et des 30 Official Gazette no. 33 of 26/08/2019 buhagije mu byerekeye ubucuruzi ndetse n’ubunyamwuga kandi bazwi neza ku buryo bashobora gukora imirimo y’ubucuruzi neza kandi ku buryo buhiganwa; knowledge and ability as well as a good reputation to enable them to conduct the business competently and competitively; commerciales suffisantes, et compétences professionnelles ainsi qu'une bonne réputation pour pouvoir exercer leurs activités de manière compétente et compétitive; 5° uko imirimo ipanze bigaragaza ko ubucuruzi buzaba buhagaze neza kandi bwunguka; 5° the business plans reasonably ensure sound and profitable operations; 5° les plans d'affaires assurent raisonnablement des opérations saines et rentables; 6° igihugu isosiyete ikomokamo kizakora igenzura nyaryo niba usaba ari itsinda mpuzamahanga ry’ibigo by’ubucuruzi kandi 6° there would be adequate and effective supervision by the home country if the Applicant is part of an international group and 6° le pays d’origine exercerait une surveillance adéquate et effective si le demandeur fait partie d’un groupe international et 7° inyungu rusange zizitabwaho igihe 7° the public interest would be served if the 7° l'intérêt public serait servi si icyemezo cyaba gitanzwe. license is granted. l’agrément est octroyé.

Ingingo ya 22: Kugenzura ubushobozi n’ubunyangamugayo Article 22: Fitness and proper Test Article 22: Test d’intégrité et de compétence Ingingo ya 22: Kugenzura ubushobozi n’ubunyangamugayo Article 22: Fitness and proper Test Article 22: Teste d’intégrité compétence et de Abafite imigabane itubutse, abagize inama y’ubutegetsi ndetse n’abayobozi bakuru b’umuhuza mu bwishingizi wigenga bagomba kuba bafite ubunyangamugayo n’ubushobozi. Qualifying shareholders, Directors and senior officers of an insurance broker shall be fit and proper. Les actionnaires, les administrateurs et les cadres dirigeants du courtier d’assurance doivent remplir les critère d’intégrité et de compétence. nama y’ubutegetsi Mu gusuzuma niba abafite imigabane itubutse, abari mu ndetse n’abayobozi bakuru b’usaba bafite ubushobozi n’ubunyangamugayo, Banki Nkuru isuzuma niba umuntu bireba yarakatiwe cyangwa yarabaye umufatanyacyaha mu byaha bya ruswa, ibyaha byerekeye imisoro, uburiganya, iterabwoba, iyezandonke, gutera inkunga While assessing the fitness and propriety of current and proposed qualifying shareholders, directors and senior managers of an applicant, the Central Bank assesses whether the concerned person has been convicted of or has been accomplice of any offence involving evasion, money tax corruption, laundering and financing of terrorism, other fraud, Lorsqu’il évalue la capacité et l’intégrité d’actionnaires, d’administrateurs et les cadres dirigeant d’un demandeur, actuels et proposés, la Banque Centrale vérifie si la personne concernée a été déclarée coupable ou a été complice de toute infraction de corruption, fraude, évasion fiscale, blanchiment d’argent et financement du terrorisme, autres crimes 31 Official Gazette no. 33 of 26/08/2019 cyangwa ibindi byaha bimunga ubukungu, ibyaha byibasiye ibyaha by’intambara, icyaha cya jenoside cyangwa icyaha cy’irabwoba. inyoko muntu, economic and financial crimes, crime against humanity, war crime or crime of genocide or terrorism. économiques et financiers, crime contre l'humanité, crime de guerre ou crime de génocide ou terrorisme. Buri shami rya tekiniki, diviziyo, ishami by’umuhuza mu bwishingzi wigenga bigomba kugira umuyobozi ufite ubunyangamugayo n’aya n’ubushobozi mabwiriza. bisabwa nk’uko Every technical department, division, any branch, of an insurance broker shall have as its head person who is fit and proper as required by this regulation. Chaque département technique, division, tout succursale de courtier d’assurance doit avoir à sa tête un officier doté de l’intégrité et de l’exige ce présent compétence comme règlement.

Ingingo ya 23: Amashuri asabwa ku Muyobozi Mukuru Article 23: Qualifications of Chief Executive Article 23: Qualifications du Directeur Général Ingingo ya 23: Amashuri asabwa ku umuyobozi mukuru Article 23: Qualifications of Chief Executive Article 23: Qualifications du Directeur Général Buri muhuza mu bwishingizi wigenga agomba kugira nibura Umuyobozi Mukuru uhoraho ugomba: Every insurance broker shall have at least a full-time chief executives Officer (CEO) who shall: Chaque courtier d’assurance doit avoir au moins un Directeur Géneral (DG) à temps plein remplissant les critères suivants: 1° kugira impamyabushobozi y’icyiciro cya kaminuza mu byerekeye gucunga imirimo ubukungu, amategeko, imibare y’ubwishingizi kandi akagira nibura; y’ubucuruzi, 1° have a university degree in business law, economics, administration, actuarial science with at least, 1° être titulaire d'un diplôme universitaire en administration des affaires, en économie, en droit, en actuariat avec au moins ; 2° uburambe bw’imyaka by’ubwishingizi ubwishingizi bw’abishingizi. itanu mu cyangwa 2° have five (5) years of experience in insurance or reinsurance sector. 2° avoir cinq (5) ans d'expérience dans le assurances ou de secteur des réassurance Banki Nkuru ishobora igihe icyo ari cyo cyose gusaba umuhuza mu bwishingizi wigenga gutanga inyandiko iyo ariyo yose ihinyuza ibivugwa mu gika kinaziriza iki. The Central Bank may at any time require a licensed insurance broker to submit any document in support of the requirements specified in preceding paragraph. La Banque Centrale peut à tout moment demander à un courtier d'assurance agréé de fournir tout document conforme aux exigences énoncées au paragraphe précédent. 32 Official Gazette no. 33 of 26/08/2019

Ingingo ya 24: Imihango yo gutanga icyemezo ku bahuza mu bwishingizi bigenga Article 24: Licensing procedures for an insurance broker Article 24: Procédures d’agrément des courtiers d’assurance Ingingo ya 24: Imihango yo gutanga icyemezo ku bahuza mu bwishingizibigenga Article 24: Licensing procedures for an insurance broker Article 24: Procédures d’agrément des courtiers d’assurance isaba imaze kwakira dosiye Iyo irimo inyandiko n’amakuru byuzuye, mu gihe irindwi y’akazi, Banki Nkuru cy’iminsi yoherereza uwasabye ibaruwa igaragaza ko rwakiriye dosiye yuzuye isaba cyangwa iyo baruwa ikavuga ko hari ikibura. icyemezo receipt of the complete Upon required application documents and information, th Central Bank shall, within seven (7) working days, send to the applicant a formal letter of acknowledgement of the complete application file or a letter of deficiency. Dès réception des documents de demande complets et des informations requises, la Banque Centrale envoie au demandeur, dans un délai de sept (7) jours ouvrables, un accusé de réception du dossier complet de la demande ou une lettre d’insuffisance. Ibaruwa ivuga ko hari ikibura igaragaza ibibura muri dosiye isaba kandi Banki Nkuru ibyo bibura igatanga umunsi ntarengwa bigomba kuba byatanzweho kandi ikanavuga ko Banki Nkuru nta kindi izongera kubikoraho keretse ibibura byakosowe mu gihe cyagenwe. The letter of deficiency shall outline the deficiencies in the application and shall provide a deadline for submission of the missing document(s)/information and shall state that no further action shall be taken by the Central Bank unless the deficiencies are rectified within the period prescribed. lettre spécifie d’insuffisance la soumission des document (s) La les irrégularités de la demande et fixe un délai / pour information manquant (s) et indique que rien d’autre ne peut être fait par la Banque Centrale à moins que les irrégularités ne soient corrigées dans le délai imparti. Banki Nkuru igomba mu gihe cy’ukwezi uhereye igihe yaakiriye dosiye isaba yuzuye kwanzura ku byerekeye gutanga icyemezo cyangwa kutagitanga kandi uwo mwanzuro ukamenyeshwa uwasabye mu nyandiko. The Central Bank shall, within one (1) month from the date of the receipt of the complete application, decide to approve or refuse the application and notify the decision to the applicant in writing. La Banque Centrale décide, dans un délai d'un mois à compter de la date de réception de la demande complète, d'approuver ou de refuser la demande et notifie la décision au demandeur par écrit. Iyo Banki Nkuru yanze ugusaba icyemezo, ibimenyesha mu nyandiko uwasabye kandi akamenyeshwa impamvu zabyo. If the Central Bank rejects the application for license, it shall provide in writing the grounds for its decision to the applicant. Si la Banque Centrale rejette une demande de licence, elle indique par écrit les motifs de sa décision au demandeur.

Ingingo ya 25: Umwanzuro wo gutanga icyemezo Article 25: Decision of granting license for insurance broker Article 25: Décision d'octroi de licence au courtier d’assurance Ingingo ya 25: Umwanzuro wo gutanga icyemezo Article 25: Decision of granting license for insurance broker Article 25: Décision d'octroi de licence au courtier d’assurance Iyo Banki Nkuru ifashe umwanzuro wo gutanga icyemezo, imenyesha mu nyandiko usaba icyo cyemezo, ikamutegeka gutanga mu Where the Central Bank decides to issue a license, it shall, in the notice communicating the decision to issue a license, require the Dans une communication la décision d’octroi d’agrément et dans un délai de deux semaines à compter de la date de informant 33 Official Gazette no. 33 of 26/08/2019 gihe kitarenze ibyumweru bibiri uhereye igihe yaboneye iryo menyesha, gihamya yerekena ko mu izina ry’usaba hatanzwe amafaranga atari munsi y’imari shingiro ntagibwa munsi idakorwaho cyangwa isabwa kuri konti umutungo wemewe na Banki Nkuru mbere y’uko icyemezo gitangwa. applicant to submit within a period of two weeks from the date of receipt of the notice, a certificate of deposit in the name of the applicant indicating that it has deposited an amount not less than the required minimum paid-up capital, on a fixed accounts, or assets approved by the Central Bank, before the license can be issued. réception de la notification de cette décision, la Banque Centrale exige au demandeur la présentation du certificat de dépôt au nom du demandeur indiquant qu'il a versé au moins un montant égal au capital minimal libéré sur un compte bloqué ou des actifs approuvés par la Banque Centrale avant que l’agrément ne puisse être octroyé.

Ingingo ya 26: Agaciro k’icyemezo gihawe umuhuza mu bwishingizi wigenga Article 26: Validity of insurance broker license of an Article 26: La validité d’agrément d'un courtier d'assurance Ingingo ya 26: Agaciro k’icyemezo gihawe umuhuza mu bwishingizi wigenga Article 26: Validity of insurance broker license of an Article 26: La validité d’agrément d'un courtier d'assurance Icyemezo gihawe umuhuza mu bwishingizi wigenga hashingiwe kuri aya mabwiriza kigumana agaciro kacyo kugeza igihe gitesherejwe agaciro cyangwa gihagaritswe na Banki Nkuru. The license issued to an insurance broker under this Regulation remains valid until revoked or suspended by the Central Bank. L’agrément délivrée au courtier d’assurance en vertu du présent Règlement reste valable jusqu’à sa révocation ou suspension par la Banque Centrale

Ingingo ya 27: Kugaragaza icyemezo cyahawe umuhuza mu bwishingizi wigenga Article 27: Display of the license issued to an insurance broker Article 27: Affichage d’agrément délivré au courtier d’assurance Ingingo ya 27: Kugaragaza icyemezo cyahawe umuhuza mu bwishingizi wigenga Article 27: Display of the license issued to an insurance broker Article 27: Affichage d’agrément délivré au courtier d’asssurance Icyemezo cyahawe umuhuza mu bwishingizi wigenga hashingiwe kuri aya mabwiriza kigomba kumanikwa ahantu hagaragara ku cyicaro cy’umuhuza mu bwishingizi wigenga bireba maze amakopi yacyo akamanikwa ahantu hagaragara kuri buri mashami ye iyo ahari. The license issued to an insurance broker in accordance with this Regulation shall be displayed at all times in a conspicuous place at the head office of the concerned insurance broker, and copies of it shall be similarly displayed in a conspicuous place at each of its branch offices if available. L’agrément délivré au courtier d’assurance conformément au présent Règlement doit être affichée à tout moment à un endroit bien en vue du siège du courtier d’assurance concerné, et des copies de celui-ci doivent également être affichées dans un endroit bien en vue dans chacune de ses branches le cas écheant. 34 Official Gazette no. 33 of 26/08/2019

Ingingo ya 28: Guhindura, gukuraho cyangwa guhagarika icyemezo Article 28: Variation, suspension of license revocation or Article 28: Modification, révocation ou suspension de la licence Ingingo ya 28: Guhindura, gukuraho cyangwa guhagarika icyemezo Article 28: Variation, suspension of license revocation or Article 28: Modification, révocation ou suspension de la licence Banki Nkuru ishobora igihe icyo ari cyo cyose gukuraho kongera, impamvu umuhuza mu bwishingizi wigenga yaherewe icyemezo. guhindura cyangwa The Central Bank may at any time add to, vary or revoke any condition to an existing license of an insurance broker. La Banque Centrale peut à tout moment ajouter, modifier ou annuler toute condition de l’agrément existant d'un courtier d’assurance ou imposer une nouvelle condition à cet agrément.

Ingingo ya 29: Gukuraho icyemezo Article 29: Revocation of license Article 29: Révocation de licence 5 Official Gazette no. 33 of 26/08/2019 Ingingo ya 29: Gukuraho icyemezo Article 29: Revocation of license Article 29: Révocation de licence Banki Nkuru ishobora gukuraho icyemezo cy’umuhuza mu bwishingizi wigenga iyo: The Central Bank may revoke the license of any an insurance broker if: La Banque Centrale peut révoquer l’agrément de tout courtier d’assurance si: 1° umuhuza mu bwishingizi wigenga atatangiye imirimo mu gihe cy’amezi igihe yaherewe atandatu uhereye icyemezo; 2° umuhuza mu bwishingizi wigenga yahagaritse gukora imirimo yaherewe icyemezo; 3° umuhuza mu bwishingizi wigenga n’aya ibinyuranyije yakoze mabwiriza, ibyo yategetswe gukora cyangwa yavuye mu murongo yahawe na Banki Nkuru nk’uko bitegnywa n’aya mabwiriza. 4° umuhuza mu bwishingizi wigenga yaratanze amakuru atari ukuri, ayobya cyangwa atagaragara neza cyangwa yarananiwe akaba yarahishe, 1° an insurance broker has not commenced business within 6 months after being licensed; 1° le courtier d’assurance n'a pas commencé ses activités dans les 6 mois suivant l’octroi de son agrément; 2° an insurance broker has ceased to carry on the business for which it is licensed; 3° an insurance broker has contravened any provision of this Regulation or any condition imposed or any direction given by the Central Bank under this Regulation; 2° le courtier d’assurance a cessé d'exploiter les activités pour lesquelles il est agréé; 3° le courtier d'assurance a contrevenu à l'une des dispositions du présent Règlement ou à une condition imposée ou à une instruction donnée par la Banque Centrale en vertu du présent Règlement; 4° an insurance broker has furnished false, misleading or inaccurate information, or has concealed or failed to disclose 4° le courtier d'assurance a fourni des informations fausses, trompeuses ou inexactes, ou a dissimulé ou omis de 35 guhishura yerekeye isaba rye ry’icyemezo; amakuru y’ingenzi Official Gazette no. 33 of 26/08/2019 material facts, in its application for license; divulguer des faits importants dans sa demande d'agréement; 5° biri mu nyungu rusange; 5° it is in the public interest; 5° c'est dans l'intérêt généra; 6° abayobozi bakuru b’umuhuza mu bwishingizi wigenga barahamijwe kimwe mu byaha bivugwa mu gika cya kabiri (2) cy’ingingo ya 22 y’aya mabwiriza; 7° umuhuza mu bwishingizi wigenga yarasheshwe; 6° the Senior managers have been convicted of any of the offences specified under paragraph 2 of article 22 of this Regulation; 6° les cadres dirigeants ont été déclarés coupables de l’une des infractions citées à l’alinéa deuzième de l’article 22 du présent Règlement; 7° an insurance broker has gone into liquidation; or has been wound up or dissolved; 7° le courtier d’assurance est entré en liquidation ou dissolution; imirimo 8° umuhuza mu bwishingizi wigenga buryo inyungu afasha akora bubangamiye z’abafatabwishingizi nk’umuhuza; ye mu 8° an insurance broker is carrying on its business in a manner likely to be detrimental interests of policyholders for whom it is acting as an agent; the to 8° le courtier d'assurance exerce son activité d'une manière préjudiciable aux intérêts des souscripteurs pour lesquels il agit en qualité de mandataire; 9° umuhuza mu bwishingizi wigenga inshingano atakibashije kubahiriza agomba abandi; 9° an insurance broker is unable to meet its 9° le courtier d’assurance est incapable obligations; de respecter ses obligations; 10° indi mpamvu Banki Nkuru yabona 10° for any other reason that the Central 10° pour toute autre raison que la Banque ikwiye. Bank may judge appropriate. Centrale peut juger appropriée.

Ingingo ya 30: Ibikurikizwa mu gukuraho icyemezo Article 30: Procedures for the revocation of license Article 30: Procédures de révocation de licence Ikiciro cya 2: Raporo z’imari z’umuhuza mu bwishingizi wigenga Section 2: Financial report for an insurance broker Section 2: Rapports financiers pour un courtier d’assurance Ingingo ya 30: Ibikurikizwa mu gukuraho icyemezo Article 30: Procedures for the revocation of license Article 30: Procédures de révocation de licence Mbere yo gukuraho icyemezo cy’umuhuza mu bwishingizi wigenga, Banki Nkuru igomba kwandikira umuhuza mu bwishingizi wigenga Before the revocation of the license of an insurance broker, the Central Bank, in writing, Avant la révocation de l’agrément du courtier d’assurance, la Banque Centrale doit notifier 36 Official Gazette no. 33 of 26/08/2019 imumenyesha icyemezo. ubushake bwo gukuraho shall notify an insurance broker of its intention to do so. par écrit au courtier d’assurance de son intention de le faire. Umuhuza mu bwishingizi wigenga ashobora, igihe gishobora kuvugwa mu yubahirije nteguza ivugwa mu gika cya mbere cy’iyi ngingo, kugira cyo avuga gisobanura impamvu icyemezo kitagomba gukurwaho. Iyo umuhuza mu bwishingizi wigenga nta cyo avuze mu gihe cyavuzwe mu nteguza cyangwa mu gihe Banki Nkuru ishobora kongera, cyangwa iyo umuhuza ananiwe kwerekana impamvu zifatika zerekana ko icyemezo kitagomba gukurwaho, Banki Nkuru, mu nyandiko, imenyesha umuhuza mu bwishingizi itariki ugukurwaho kw’icyemezo wigenga kuzatangira gukurikirizwa. Ugukurwaho ntigukuraho kw’icyemezo inshingano umuhuza mu bwishingizi wigenga agomba w’abishingizi, umwishingizi, umufatabwishingizi cyangwa uwishingiwe. umwishingizi bwishingizi wigenga Umuhuza mu wakuriweho icyemezo agomba mu gihe cy’iminsi itanu ibarwa uhereye igihe icyemezo cyakuriweho gusubiza Banki Nkuru icyemezo cyakuweho. An insurance broker may, within the period as may be specified in the notice referred to in paragraph one of this article, show the cause as to why its license should not be cancelled. Le courtier d’assurance peut, dans le délai spécifié dans l’avis mentionné au paragraphe 1 du présent article, indiquer la raison pour laquelle son agrément ne doit pas être révoqué. If an insurance broker to whom notice has been given fails to show cause within the time given to it to do so or within such extended period of time as the Central Bank may allow or if it fails to show sufficient cause, the Central Bank shall give notice in writing to an insurance broker of the date on which the revocation of the license is to take effect. Si le courtier d’assurance n’explique pas dans le délai imparti, ou dans le délai prolongé que la Banque Centrale lui permet, ou s’il ne parvient pas à démontrer la raison adéquate, le la Banque Centrale donne un avis écrit au courtier d’assurance et la date à laquelle la révocation de l’agrément prend effet. The revocation of the license shall not preclude an insurance broker of its obligations to reinsurer, insurers, policyholders or insured. La révocation de la l’agrément n'empêche pas le courtier d'assurance de s’acquitter de ses obligations envers un réassureur, un assureur, les preneurs d'assurance ou les assurés. An insurance broker whose license has been revoked shall within 5 working days after the effective date of revocation return the revoked license to the Central Bank. Le courtier d’assurance dont agrément a été révoqué doit, dans les 5 jours ouvrables suivant la date de prise d'effet de la révocation, retourner l’agrément révoqué à la Banque Centrale 37 Official Gazette no. 33 of 26/08/2019 Ikiciro z’umuhuza mu bwishingizi wigenga cya kabiri: Raporo z’imari Section 2: Financial report for an insurance broker Section 2: Rapports financiers pour un courtiers d’assurance

Ingingo ya 31: Ibigenderwaho mu gutegura raporo z’imari Article 31: Standards statements preparation for financial Article 31: Normes pour l'établissement des états financiers Ingingo ya 31: Ibigenderwaho mu gutegura raporo z’imari Article 31: Standards statements preparation for financial Article 31: Normes pour l'établissement des états financiers igomba Raporo y’imari y’umuhuza mu bwishingizi wigenga amahame mpuzamahanga ngenderwaho mu gukora raporo z’imari (IFRS) nk’uko yubahirizwa mu Rwanda. kubahiriza The financial statements of an insurance broker shall comply with International Financial Reporting Standards (IFRS) as implemented in Rwanda. Les états financiers d'un courtier d'assurance doivent normes conformer internationales d'information financière (IFRS) telles qu'elles sont applicables au Rwanda. aux se Haseguriwe ibivugwa mu gika cya mebere cy’iyi ngingo, raporo y’imari y’umuhuza mu bwishingizi wigenga igomba kuba igizwe n’ishusho y’umutungo ndetse n’ishusho igihombo nk’uko y’urwunguko cyangwa biteganywa ku Mugereka wa 4 w’aya Mabwiriza. Subject to the provisions of paragraph one of this article, the financial reports of an insurance brokers shall comprise of the balance sheet and the income statement as set on on Annex 4 of this Regulation. Sous réserve des dispositions de l’alinéa les rapports premier du présent article, financiers d’assurance courtiers des comprennent le bilan et le compte de résultat comme établis à l'Annex 4 du présent règlement.

Ingingo ya 32: Ibitabo by’ibaruramari Article 32: Accounting documents Article 32: Documents comptables Ingingo ya 32: Ibitabo by’ibaruramari Article 32: Accounting documents Article 32: Documents comptables Umuhuza mu bwishigizi wigenga agomba kubika amakonti ye akurikije amahame agenga icungamutungo ndetse akurikije amabwiriza yahabwa na Banki Nkuru. An insurance broker shall maintain its accounts in accordance with accounting principles and as may be directed by the Central Bank. Un courtier d’assurance tient ses comptes conformément aux principes comptables et selon les directives de la Banque Centrale. Umuhuza mu bwishingizi wigenga wahawe by’ibaruramari icyemezo kugirango: ibitabo abika licensed A accounting documents to: insurance broker shall keep Un courtier d’assurance agréé doit tenir ses documents comptables pour: 1° kwerekana no gusobanura yishyura n’ibyo yishyurwa; ibyo 1° show and explain its transactions; 1° montrer et expliquer ses transactions; 38 Official Gazette no. 33 of 26/08/2019 2° kugaragaza uko umuhuza ahagaze mu rwego rw’imari mu buryo budateza urujijo; 2° enable the financial position of the intermediary to be determined at any time with reasonable accuracy; 3° enable it to prepare that the financial statements comply with prescribed accounting standards and other reports required by Central Bank 2° permettre que la situation financière de l'intermédiaire soit déterminée à tout moment avec une précision raisonnable; d'assurance 3° lui permettre d'établir des états financiers conformes aux normes comptables prescrites et aux autres la Banque rapports Centrale; requis par 4° enable its financial statements to be audited in accordance with the law and this Regulation. 4° permettre l'audit de ses états financiers conformément à la loi et au présent règlement. 3° gufasha umuhuza mu bwishingizi wigenga gutegura raporo z’imari zubahirije amahame y’icungamutungo cyangwa izindi raporo Banki Nkuru isaba; 4° bifashe raporo z’umuhuza mu gutuma bwishingizi zigenzurwa mu buryo bukurikije amategeko n’amabwiriza. wigenga Banki Nkuru ishobora gutegeka umuhuza mu bwishingizi wigenga uri mu itsinda ry’ibigo by’imari gutanga raporo ya konti ikomatanyije ndetse n’andi makuru yerekeye imiterere rigura n’ibyo y’itsinda ndetse n’y’ibyo rigurisha. The Central Bank may require an insurance broker belonging to a group to submit its consolidated accounts and other information relating to group structure and transactions. La Banque centrale peut demander à un courtier d’assurance appartenant à un groupe de soumettre ses comptes consolidés et d'autres informations relatives à la structure et aux transactions du groupe.

Ingingo ya 33: Igenzura rya raporo z’imari Article 33: Audit of financial statements Article 33: Des états financiers audités Ingingo ya 33: Igenzura rya raporo z’imari Article 33: Audit of financial statements Article 33: Des états financiers audités inshuro Amakonti y’umuhuza mu bwishingizi wigenga agenzurwa imwe mu mwaka n’umugenzuzi wemewe na Banki Nkuru maze igenzuwe ikopi igashyikirizwa Banki Nkuru mu gihe cy’amezi atatu (3) uhereye igihe umwaka w’imari warangiriye. y’shusho y’imari The accounts of a licensed insurance broker shall be audited annually by an auditor approved by the Central Bank and a copy of the audited financial statements shall be submitted to the Central Bank within three (3) months from the end of the financial year. Les comptes d'un courtier d’assurance agréé doivent être audités annuellement par un auditeur agréé par la Banque Central et une copie des états financiers audités doit être remise à la Banque Centrale dans un délai de trois (3) mois à compter de la fin de l'exercice. 39 Official Gazette no. 33 of 26/08/2019

Ingingo ya 34: Inyandiko zituzuye cyangwa raporo z’imari Article 34: Incomplete documents or financial returns Article 34: Documents incomplets ou états financiers Ikiciro cya 3 : Imiyoborere y’umuhuza mu bwishingi wigenga Section 3: Governance of an insurance broker Section 3: Gouvernance d’un courtier d’assurance Ingingo Inshingano z’abanyamigabane n’imiterere y’imigabane 35 : ya Ingingo ya 34: Inyandiko zituzuye cyangwa raporo z’imari Article 34: Incomplete documents or financial returns Article 34: Documents incomplets ou états financiers Iyo Banki Nkuru ibonye ko raporo, inyandiko cyangwa amakuru byatanzwe mu buryo butaboneye, butuzuye cyangwa byarateguwe mu buryo butubahirije amategeko, binyuze mu nyandiko ishobora gutegeka umuhuza mu bwishingizi wigenga kuzuza iyo nyandiko cyangwa akayisimbuza. If the Central Bank considers that any report, document or information was submitted in a manner that is inappropriate, incomplete or prepared in a manner that does not respect the Law, it may in a written form, require an insurance broker to complete such a document or to replace it. Si la Banque Centrale estime que tout rapport, document ou information a été soumis de manière incomplète ou ne respecte pas la loi, il peut, par écrit, exiger le courtier d’assurance qu'il complète ce document ou le remplacer. inappropriée, Ikiciro cya 3 : Imiyoborere y’umuhuza mu bwishingizi wigenga Section 3: Governance of an insurance broker Section 3: Gouvernance d’un courtier d’assurance Ingingo Inshingano z’abanyamigabane n’imiterere y’imigabane 35 : ya

Article 35: Responsibilities of shareholders and shareholding structure Article 35: Responsabilités des actionnaires Article 35: Responsibilities of shareholders and shareholding structure Article 35: Responsabilités des actionnaires et structure de l’actionariat Haseguriwe ibiteganywa n’Itegeko rigenga amasosiyete y’ubucuruzi, abanyamigabane b’umuhuza mu bwishingizi wigenga, bagomba kurinda no kubungabunga isosiyete bashyize hamwe. Bagomba kandi gukoresha ububasha bwabo bw’ikirenga mu nama rusange. Without prejudice to the provisions of the law relating to companies, shareholders of an insurance broker shall jointly protect, preserve the company. They shall also actively exercise the supreme authority over the company in general meetings. les sociétés commerciales, Sans préjudice des dispositions de la loi régissant les actionnaires d'un courtier d’assurance doivent conjointement protègent et préservent leur societé. De même, ils exercent activement leur autorité suprême de la société dans l’assemblée générale. Ku bw’igika cya mbere cy’iyi ngingo, umuntu ku giti cye cyangwa sosiyete ifitewe n’umuntu ku giti cye umbwe ushobora ntashobora cyangwa kurenze uburenganzira bwo gutora muri sosiyete y’ubuhuza mu bwishingizi. by’imigabane 25% For the purpose of paragraph One of this article, no single indivual shareholder or a company whth a single person shall hold 25% in brakarege of shares or voting rights company. Aux fins du paragraphe premier de cet article, un actionnaire personne physique ou une societe unpersonelle ne peut dépasser 25% des actions ou droit de vote dans la socite de courtage. 40 Official Gazette no. 33 of 26/08/2019

Ingingo ya 36 : Imigabane itubutse ku muhuza mu bwishingizi usanzwe Article 36: Qualifying shareholding insurance broker in Article 36: Participation qualifiée au courtier d’assurance et structure de l’actionariat Ingingo ya 36 : Imigabane itubutse ku muhuza mu bwishingizi usanzwe Article 36: Qualifying shareholding insurance broker in Article 36: Participation qualifiée au courtier d’assurance Nta muntu wemerewe kugirana amasezerano yerekeye kugira imigabane itubutse mu kigo cy’umuhuza kigenga atabanje kubimenyesha Banki Nkuru no kubyemererwa na yo. No person shall enter into an agreement that makes him/her a qualifying shareholder of an insurance broker without prior notification to the Central Bank and approval by the latter. Nul ne peut conclure un accord qui lui fait un actionnaire qualifié du courtier d’assurance sans notification préalable au Banque Centrale et approbation de ce dernier. Ibivugwa mu gika kibanziriza iki bikurikizwa n’abantu bose baba abari mu Rwanda cyangwa mu mahanga, baba Abanyarwanda cyangwa atari bo ndetse no ku bigo byose by’ubucuruzi byiyandikishije cyangwa ibitariyandikishije. The provisions of paragraph one shall apply to all individuals whether resident in Rwanda or not and whether citizens of Rwanda or not, and to all bodies incorporate or unincorporated.

Ingingo ya 37: Kwemeza abagize inama y’ubutegetsi n’abayobozi bakuru Article 37: Apporoval of members of Board of Directors and senior managers Article 37: Approbation de membres du Conseil cadres dirigeants d'administration et Ingingo ya 37: Kwemeza abagize inama y’ubutegetsi n’abayobozi bakuru Article 37 Apporoval of members of Board of Directors and senior managers inama y’ubutegetsi Abagize ndetse n’abayobozi bakuru b’umuhuza ntibashobora gutangira imirimo bataremezwa mu nyandiko na Bank Nkuru. Members of the Board of Directors and senior managers of an insurance broker shall not assume the position before securing a written approval from the Regulator. Nibura bitatu bya gatanu (3/5) by’abagize inama y’ubutegetsi bagomba kuba bigenga. At least three fifth (3/5) of the board members shall be independent Directors. 41 Les dispositions du paragraphe premier s’appliquent à individus, qu’ils résident ou pas au Rwanda et qu’ils soient citoyens du Rwanda ou pas, et à toutes les sicieté ou institution non constituées. tous les Article 37: Approbation de membres du Conseil cadres dirigeants d'administration et Les membres du conseil d'administration et les cadres dirigeants du courtier d’assurance ne fonction avant doivent pas assumer d’obtenin l'approbation écrite de la Banque centrale. la Au moins trois cinquième (3/5) des membres du conseil doivent être des administrateurs indépendants.

Ingingo ya 38: Gukurwaho kw’uri mu buyobozi inama y’ubutegetsi b’umuhuza mu bwishingizi wigenga bukuru n’ugize Article 38: Removal of senior officer and director of insurance broker Article 38: Révocation d’un cadre dirigeant et d’un membre du conseil d’administration d’un courtier d’assurance 6 Official Gazette no. 33 of 26/08/2019 Ingongo ya 39: Integuza yo gukuraho uri mu nama y’ubutegetsi cyangwa umuyobozi mukuru b’umuhuza mu bwishingizi wigenga Ingingo ya 38: Gukurwaho kw’uri mu buyobozi inama y’ubutegetsi b’umuhuza mu bwishingizi wigenga bukuru n’ugize Official Gazette no. 33 of 26/08/2019 Article 38: Removal of senior officer and director of insurance broker Article 38: Révocation d’un cadre dirigeant et d’un membre du conseil d’administration d’un courtier d’assurance Banki Nkuru ishobora gukuraho umuyobozi mukuru cyangwa uri mu buyobozi bukuru cyangwa uri mu nama y’ubutegetsi iyo isanze yarananiwe inshingano ze cyangwa atagifite ubunyangamugayo n’ubushobozi. The Central Bank may remove the chief executive officer or senior officer or a member of the board if it finds out that he/she has failed to perform his functions or is no longer fit and proper. La Banque Centrale peut relever de ses le directeur général, un cadre fonctions dirigeant ou un membre du conseil d’administration s’il trouve qu’il/elle a falli à ses fonctions ou n'est plus une personne d’integritéet de compétence. Ingongo ya 39: Integuza yo gukuraho uri mu nama y’ubutegetsi cyangwa umuyobozi mukuru b’umuhuza mu bwishingizi wigenga Mbere yo kuvanaho uri mu buyobozi bukuru cyangwa uri mu nama y’ubutegetsi, Banki Nkuru igomba: 1° guha umuhuza mu bwishingizi wigenga integuza yerekeye ubushake bwo kumukuraho; 2° binyuze mu nteguza ivugwa mu gaka (10) kandi mu gihe ka mbere gishobora kuyivugwamo, gusaba umuhuza mu bwishingizi wigenga kugira icyo avuga ku byerekeye impamvu abona uri mu buyobozi bukuru cyangwa uri mu nama y’ubutegetsi atagomba kuvaho.

Article 39: Notice of removal of director or chief executive officer of an insurance broker Article 39: Avis de révocation du membre du conseil d’administration et du directeur général et d’un courtier d’assurance UMUTWE WA IV: RY’ABAHUZA MU BASANZWE ISHYIRWAHO BWISHINGIZI CHAPTER INSURANCE AGENTS IV: APPOINTMENT OF CHAPITRE AGENTS D'ASSURANCE IV: NOMINATION DES Ingingo ya amasezerano y’ubuhuza 40: Gusaba gukorana Article 39: Notice of removal of director or chief executive officer of an insurance broker Article 39: Avis de révocation du membre du conseil d’administration et du directeur général et d’un courtier d’assurance Before removing the chief executive officer or any director, the Central Bank shall: Avant la révocation d’un cadre dirigeant ou d’un membre du conseil d’administration, la Banque Centrale doit: 1° give to an insurance broker a notice in writing of its intention to do so; and 2° in to the notice referred in sub- paragraph one (10), call upon an insurance broker to show cause within such time as may be specified in the notice why the chief executive officer or director, as the case may be, should not be removed. 1° notifier par courtier écrit d’assurance de son intention de le faire; et au (10), inviter 2° dans l'avis visé au sous-paragraphe premier le courtier d’assurance à justifier, dans le délai qui y est précisé, les raisons pour lesquelles le cadre dirigeant ou l’administrateurs, selon le cas, ne devrait pas être enlevé. 42 Official Gazette no. 33 of 26/08/2019 Iyo umuhuza mu bwishingizi wigenga uvugwa mu gika kibanziriza iki atagize icyo avuga mu gihe yahawe cyangwa ntagaragaze impamvu zifatika, Banki Nkuru imenyesha mu nyandiko itariki umuhuza mu bwishingizi wigenga ikurwaho rizatangira gukurikirizwa. If an insurance broker referred to in preceding paragraph fails to show cause within the time given to it or if it fails to show sufficient cause, the Central Bank gives notice, in writing, to an insurance broker of the date on which the removal is to take effect. Si le courtier d'assurance visé à lálinéa premier du présent règlement ne donne pas ses avis dans le délai qui lui est imparti ou ne démontre pas un motif suffisammant sérieux, la Banque Centrale notifie par écrit au courtier d’assurance la date à laquelle l’enlèvement prend effet. IV: UMUTWE WA RY’ABAHUZA MU BASANZWE ISHYIRWAHO BWISHINGIZI CHAPTER INSURANCE AGENTS IV: APPOINTMENT OF CHAPITRE AGENTS D'ASSURANCE IV: NOMINATION DES ya Ingingo amasezerano y’ubuhuza 40: Gusaba gukorana

Article 40: Application for insurance agency Article 40: Demande pour la conclusion de contrat d'agence Article 40: Application for insurance agency Umuntu wese wifuza gukora nk’muhuza mu bwishingizi usanzwe abisaba umwishingizi yifuza gukorana nawe akoresheje ifishi iri ku Mugereka wa 2 Any person intending to act as an insurance agent shall apply to the insurer that he/she intends to serve using an Application Form set out in Appendix 2. Article 40: Demande pour la conclusion de contrat d'agence Toute personne ayant l’intention d’agir en tant qu’agent d’assurance doit présenter une demande à l’assureur qu’elle entend servir en utilisant le formulaire de demande établi à l’Annexe 2. Ifishi ivugwa mu gika kibanziriza iki igomba kuba iherekejwe n’izi nyandiko: The application form referred to in paragraph one of this Article shall be accompanied by the following documents: Le formulaire de demande visé à l’alinéa premier du présent être accompagné des documents suivants:

Ingingo ya 41: Ubwishingizi bw’uburyozwe ku muhuza mu bwishingizi usanzwe Article 41: Professional insurance agents indemnity for Article 41: Indemnité professionnelle des agents d’assurance Ingingo ya 41: Ubwishingizi bw’uburyozwe ku muhuza mu bwishingizi usanzwe Article 41: Professional insurance agents indemnity for Article 41: Indemnité professionnelle des agents d’assurance Umuhuza mu bwishingizi usanzwe agomba kugira ubwishingizi bw’uburyozwe butari munsi ya miliyoni y’amafaranga y’u Rwanda (1.000.000 FRW) buri mwaka kugirango ibyo habashe yakwangiriza cyangwa umukiriya bakorana. hakwishyurwa umwishingizi kuba An insurance agent shall have a Professional Indemnity Insurance Policy of not less than one million Rwandan francs (RWF 1,000,000) per year against any damage that may be caused to insurance companies he/she works with. Un agent d’assurance doit souscrire une police d’assurance indemnité professionnelle d’au rwandais moins un million de (RWF1000.000) par an pour tout dommage pouvant être causé aux sociétés d’assurance ou aux clients avec lesquels il travaille. francs 45 Official Gazette no. 33 of 26/08/2019

Ingingo ya 42: Impamyabushobozi Article 42: Certificate of proficiency in insurance Article 42: Certificat de grande compétence en assurance Ingingo ya 42: Impamyabushobozi Article 42: Certificate of proficiency in insurance Article 42: Certificat de grande compétence en assurance Umuntu uwo ari we wese usaba kuba umuhuza mu bwishingizi usanzwe agomba gushyikiriza umwishingizi impamyabushobozi yatanzwe n’Ishyirahamwe cyangwa urundi rwego bingana. ry’abishingizi ry’abishingizi Ishyirahamwe rikomeza guhugura abahuza mu bwishingizi basanzwe kugirango bakomeze kugira uburenganzira bwo gukora nk’abahuza mu bwishingizi basanzwe. Any person applying for working as an insurance agent shall present to the insurer a certificate of proficiency in insurance issued by an Association of Insurers or its equivalent. The association of Insurers shall maintain continuous for insurance agents in order to maintain the rights to act as insurance agents. professional education Ishyirahamwe rimenyesha Banki Nkuru inshuro ndetse n’uburyo abahuza mu bwishingizi basanzwe bahugurwa. ry’abishingizi The association of Insurers shall inform the Central Bank of the frequency and modalities of professional education for insurance agents. Ibivugwa mu gika cya mebere cy’iyi ngingo bitangira gukurikizwa nyuma y’imyaka itanu (5) uhereye igihe aya mabwiriza rusange atangiriye gukurikizwa. Mu gihe cy’iyi myaka icyemezo itanu cy’amahugurwa umuhuza mu bwishingizi usanzwe. abishingizi y’ibanze baha (5), The provisions of paragraph one of this article shall become binding five (5) years after the coming into force of this of this Regulation. Within the period of these five (5) years, the certificate of insurers competence to their respective agents. issue shall Toute personne qui demande de travaller comme agent d’assurance doit présenter à l’assureur un certificat de grande compétence en assurance délivré par une association des assureurs ou son équivalent. L’Association des Assureurs assure aux agents d’assurance une formation professionnelle continue afin de leur permettre d’agir en tant qu’agents en assurance. L'association des assureurs informe la Banque Centrale de la fréquence et des modalités de la formation agents d'assurance. professionnelle des Les dispositions du premier alinéa du présent article prennent effet cinq (5) ans après l'entrée en vigueur du présent règlement. Dans le délai ces cinq (5) ans, les assureurs délivrent le leurs agents certificat de compétence à respectifs. (4) cy’iyi Nyuma y’imyaka itanu (5) ivugwa mu gika cya icyemezo kane cy’amahugurwa gisimbuzwa impamyabushobozi itangwa n’ishyirahamwe ry’abishingizi. y’ibanze ngingo After five (5) years referred to in paragraph four (4) of this article, the certificate of competence shall immediately be replaced by certificate of proficiency in insurance issued by Association of Insurers. Après cinq ans visés au paragraphe quatre du présent article, le certificat de compétence est immédiatement remplacé par un certificat de grande compétence délivré par l’Association des Assureurs. 46 Official Gazette no. 33 of 26/08/2019 Impamyabushobozi ivugwa muri iyi ngingo itangwa ry’abishingizi hashingiwe kuri gahunda ya CII cyangwa urundi rwego bingana. n’Ishyirahamwe The certificate of proficiency in insurance referred to under this article shall be issued by the Association of Insurers based on UK CII or equivalent program. Le certificat d’aptitude mentionné dans le présent article est délivré par l’Association des Assureurs sur base du programme du (UK CII) ou d’un programme équivalent.

Ingingo ya 43: Amashuri asabwa Article 43: Academic requirements Article 43: Conditions académiques Ingingo ya 43: Amashuri asabwa Article 43: Academic requirements Article 43: Conditions académiques Umuntu uwo ari we wese usaba gukora nk’umuhuza mu bwishingizi usanzwe agomba nibura kuba afite impamyabushobozi cyangwa impamyabumenyi atandatu yisumbuye yatanzwe n’ikigo cyemewe. y’amashuri Any person applying to work as insurance agent shall have at least a senior six secondary diploma or certificate (A level certificates) or its equivalent from accredited high school institutions. exercer souhaitant Toute personne la profession d’agent d’assurance doit posséder au moins un diplôme ou certificat de deuxième cycle des études secondaires (certificats de niveau A2) ou son équivalent, délivré par des établissements d’enseignement secondaire agréés.

Ingingo ya 44: Inshingano zo kugirana amasezerano y’ubuhuza Article 44: Obligation of conclusion of agency contract Article 44: Obligation de conclure un contrat d’agence Ingingo ya 44: Inshingano zo kugirana amasezerano y’ubuhuza Article 44: Obligation of conclusion of agency contract Article 44: Obligation de conclure un contrat d’agence ndetse Umwishingizi n’umuhuza mu bwishingizi usanzwe bagomba kugirana amasezerano y’ubuhuza mbere yo gutangira imirimo y’ubuhuza. Amasezerano y’ubuhuza agomba gushyirwaho umukono hagati y’umwishingizi ndetse n’umuhuza mu bwishingizi usanzwe mu gihe kitarenze ukwezi uhereye igihe umwishingizi yakiriye dosiye yuzuye isaba. insurers and Both insurance agent shall conclude an insurance agency contract prior to the commencement of the agency service. Les assureurs et l'agent d'assurance doivent conclure un contrat d'agence en assurance avant que l’agent ne commence ses activités. The agency contract shall be signed between insurer and agent within one month from the date of reception of the complete application file. Le contrat d'agence doit être signé entre l'assureur et l’agent en assurance dans un délai d'un mois à compter de la date de réception du dossier complet de la demande. Umwishingizi abujijwe kugira uwo ari we wese asaba kwishyura amafaranga kugirango bagirane amasezerano y’ubuhuza. Insurer shall not require any person to pay any fee to conclude an agency contract. Un assureur ne peut exiger, de la part de qui que ce soit, des frais pour la conclusion d’un contrat d’agence. 47 Official Gazette no. 33 of 26/08/2019

Ingingo ya 45: Ingingo z’amasezerano Article 45: Terms and conditions of the contract Article 45: Termes et conditions du contrat Ingingo ya 45: Ingingo z’amasezerano Article 45: Terms and conditions of the contract Article 45: Termes et conditions du contrat Ingingo ziri mu masezerano zigomba kuba zikubiyemo ibi bikurikira: Terms and conditions in agency contract shall take into account the following: Les conditions du contrat d'agence doivent prendre en compte les éléments suivants: 1° uburenganzira ndetse n’inshingano 1° rights and obligations of both parties; 1° droits et obligations des parties; bya buri ruhande; n’umuhuza 2° imvugo ivuga ko amakuru yose akusanyijwe mu bwishingizi usanzwe ari mu kazi ku buhuza, yaba aturutse ku bakiriya, ikigo cyangwa aturutse ahandi aho ari umutungo hose ho w’umwishingizi; ari 2° statement all that information gathered by the insurance agent in the agency services, whether from the customers, institution or from other sources is the property of the insurer; 2° déclaration selon laquelle toutes les informations recueillies par l'agent dans les services de l'agence, que ce soit des clients, de l'institution ou d'autres sources, sont la propriété de l'assureur; 3° ingamba zifatwa n’umwishingizi mu rwego ibibazo rwo gukemura bijyanye no kutubahiriza inshingano umuhuza mu bwishingizi usanzwe yiyemeje; 3° adequate oversight by the insurer to address instances of noncompliance by stipulated agent with the obligation; 3° une surveillance adéquate de la part de l’assureur pour traiter les cas de défaillance aux obligations par l’agent en assurance ; 4° kubuza umuhuza mu bwishingizi abakiriya usanzwe amafaranga ayo ariyo yose; kwaka 4° prohibition to charge customer any fees by insurance agents; 4° interdiction d'imposer des frais aux clients par les agents d'assurance; 5° amasaha y’akazi ku muhuza mu 5° business hours of the agent; 5° heures de service pour l'agent; bwishingizi usanzwe; 6° kugira ibanga ry’akazi; 6° confidentiality; 6° la confidentialité ; 7° umufuragiro w’umuhuza mu 7° commission of the insurance agent; 7° la commission de l'agent bwishingizi usanzwe; d'assurance; 48 8° igihe umuhuza mu bwishingizi gusesa ashobora usanzwe amasezerano; 9° imvugo ivuga ko Banki Nkuru ishobora umushinga gutangiza w’iseswa ry’amasezerano mu rwego rw’akazi ishinzwe hashingiwe ku bubasha ihabwa n’itegeko rigenga y’umurimo imitunganyirize w’ubwishingizi andi mabwiriza rusange; cyangwa Official Gazette no. 33 of 26/08/2019 8° circumstances under which an agent 8° des circonstances dans lesquelles un can terminate the contract ; agent peut résilier le contrat; the 9° a statement that the Central Bank can initiate the contract in the exercise of its power under Insurance Law or any other implementing Regulation; termination of 9° une déclaration indiquant que la Banque Centrale peut engager la résiliation du contrat dans l'exercice de ses pouvoirs en vertu de la loi regissant l’activité d’assurances ou de tout autre règlement d'application; 10° kuvuga ubwoko bw’ubwishngizi 10° specification of the field in which the 10° indication du domaine dans lequel umuhuza yifuza gukoramo; agent is intending to serve; l'agent a l'intention de servir ; 11° ingingo yerekeye gukemura 11° dispute resolution clause; 11° clause de règlement des litiges; amakimbirane; 12° ingingo ivuga ko nta muhuza mu ushobora usanzwe bwishingizi gukorana barenze n’abishingizi umwe urertse igihe bakomoka kuri imwe cyangwa sosiyete mbyeyi umurimo badakora bakaba w’ubwishingizi w’ubwoko bumwe (ubwishingizi kirekire n’ubw’igihe kigufi); bw’igihe 13° imvugo ivuga ko umuhuza mu bwishingizi usanzwe adashobora undi gukorera kuhabwa mwishingizi n’umwishngizi icyemezo uwo murimo atabanje 12° a clause that no insurance agent shall serve more than one insurer unless they are sister or non-competing companies (life and general); 12° la clause selon laquelle aucun agent d'assurance ne doit servir plus d'un assureur à moins qu'il ne s'agisse de sociétés sœurs ou de sociétés non concurrentes (vie et générales); 13° a statement that an agent cannot shift to a new insurance company without a clearance the previous form insurance company; 13° une déclaration selon laquelle un agent ne peut pas changer de compagnie sans compagnie autorisation d’assurance précédente; d’assurance la de 49 Official Gazette no. 33 of 26/08/2019 bakoranaga cyerekana ko nta kibazo bari bafitanye; 14° ingingo y’inzibacyuho ivuga uburenganzira n’inshingano bya buri ruhande igihe cy’iseswa cyangwa cy’irangira ry’amasezerano hagati y’umwishngizi n’umuhuza mu bwishingizi wigenga. 14° a transition clause on the right and obligation of the Insurer and Agent in case of termination of the agency contract. 14° une clause transitoire sur les droits et obligations de l'assureur et de l’agent d’assurance en cas de résiliation du contrat d’agence.

Ingingo ya 46: Ibaruwa imushyiraho Article 46: Appointment letter Article 46: Lettre de nomination Ingingo ya 46: Ibaruwa imushyiraho Article 46: Appointment letter Article 46: Lettre de nomination ryujuje y’isaba ibisabzwa, Nyuma umwishingizi aha umuhuza mu bwishingizi usanzwe ibaruwa imushyiraho nk’ikimenyetso cy’amasezerano bafitanye mu buhuza mu bwishingizi. Upon successful application, an insurer shall issue an appointment letter to insurance agent as a proof of contractual relationship in insurance agency. Une fois la demande acceptée, l’assureur doit adresser une lettre de nomination à un agent d’assurance afin de prouver leur relation contractuelle d’agence en assurance.

Ingingo ya 47: Kumenyesha Banki Nkuru ishyirwaho ry’umuhuza mu ibyerekeye bwishingizi usanzwe Article 47: Notification to the Central Bank about appointment of insurance agent Article 47: Notification à la Banque Centrale de la nomination d'un agent d'assurance Ingingo ya 47: Kumenyesha Banki Nkuru ibyerekeye ishyirwaho ry’umuhuza mu bwishingizi usanzwe Article 47: Notification to the Central Bank about appointment of insurance agent Article 47: Notification à la Banque Centrale de la nomination d'un agent d'assurance Buri mwishingizi ashyikiriza Banki Nkuru urutonde bwishingizi basanzwe yashyizeho mu gihe cy’iminsi 15 uhereye igihe igihembwe kirangiriye. rw’abahuza mu Within fifteen days after the end of reference quarter, every insurer shall submit to the Central Bank a list of its new appointed insurance agents. Dans les quinze jours suivant la fin du trimestre de référence, tout assureur communique à la Banque Centrale la liste de ses nouveaux agents d’assurance nommés. Urwo rutonde rusinywa n’umuyobozi mukuru kandi rukerekana nibura: The list shall be signed by the Chief Executive Officer and shall indicate at minimum: La liste doit être signée par le directeur général et doit indiquer au minimum: 1° amazina y’umuhuza mu bwishingizi 1° names of insurance agents; 1° les noms d’agent d'assurance; usanzwe; 2° igitsina cye; 2° gender; 2° le sexe; 50 Official Gazette no. 33 of 26/08/2019 3° numero y’indangamuntu ya buri muhuza mu bwishingizi usanzwe; 4° nomero ya terefoni na imeri (iyo ihari) kuri buri muhuza mu bwishingizi usanzwe; 3° ID number of every insurance agent; 3° le numéro de carte d'identité pour 4° telephone number and E-mail address(if any) of every insurance agent; chaque agent d'assurance; 4° le numéro de téléphone et l'adresse e- mail (le cas échéant) de chaque agent d'assurance; 5° itariki yashyiriweho; 5° date of appointment for every agent; 5° la date de nomination de chaque agent; 6° amashuri ya kinyamwuga cyangwa 6° professional and academic qualifications( 6° les qualifications professionnelles et amashuri asanzwe yize. if any). académiques (le cas échéant). bw’aya mabwiriza, Ku umuhuza mu bwishimgizi usanzwe mushya ni umuhuza umwishingizi atigeze emenyesha Banki Nkuru nk’uko bivugwa mu gika cya mbere cy’aya mabwiriza.

Ingingo ya 48: Gutangaza urutonde rw’abahuza mu bwishingizi basanzwe Article 48: Publication of appointed agents Article 48: Publication des agents nommés 7 Official Gazette no. 33 of 26/08/2019 Ingingo ya 48: Gutangaza urutonde rw’abahuza mu bwishingizi basaznwe Umwishingizi agomba gutangaza urutonde rw’abahuza mu bwishingizi basanzwe akorana nabo kurubuga rwabo rwa interineti. Article 48: Publication of appointed agents Article 48: Publication des agents nommés Insurers must publish an updated list of their agents on their respective websites. Les assureurs doivent publier une liste mise à jour de leurs agents sur leurs sites Web respectifs.

Ingingo ya 49: Gusesa amasezerano y’uhuhuza UMUTWE WA V: IMPUGUKE MU KUGENA AGACIRO K’IBYANGIRITSE, KWISHYURIZA IMPUGUKE MU ABISHYUZA; N’IMPUGUKE MU KUGENA AGACIRO K’IBISHOBORA KWANGIRIKA Article 49: Termination of agency contract Article 49: Résiliation du contrat d’agence CHAPTER V: LOSS ADJUSTERS, LOSS ASSESSORS AND RISK SURVEYORS CHAPITRE V: EXPERT EVALUATEUR EXPERT DE SINISTRE ET EVALUATEUR DE ENQUETEURS DE RISQUES; DOMMAGES, kugena Ingingo ya 49: Gusesa amasezerano y’uhuhuza For the purpose of this article, the new agent is the one that the insurer has never reported as the new agent the in accordance with provisions of paragraph one of this article. Aux fins de cet article, le nouvel agent est celui que l'assureur n'a jamais déclaré en tant qu’agent conformément aux dispositions de l’alinéa premier du présent article. Article 49: Termination of agency contract Article 49: Résiliation du contrat d’agence Buri ruhande rushobora gusesa amasezerano y’ubuhuza. Every party may terminate the contract of agency. Toute partie peut résilier le contrat d’agence. 51 Official Gazette no. 33 of 26/08/2019 Icyakora amasezerano y’ubuhuza ahita aseswa iyo umuhuza mu bwishingizi usanzwe ahamijwe icyaha cy’uburiganya, kimunga ubukungu. agency contract be However, immediately terminated if an insurance agent is guilty of any fraud, economic and financial crime. shall Umwishingizi amenyesha Banki Nkuru iseswa ry’amasezerano y’ubuhuza n’impamvu y’iryo seswa mu gihe cy’iminsi irindwi uhereye igihe iryo seswa ryabereye. Insurers shall notify the Central Bank of any termination of agency contract and the reasons of such termination within 7 days from the date such termination was effective. UMUTWE WA V: IMPUGUKE MU KUGENA AGACIRO K’IBYANGIRITSE, IMPUGUKE MU KWISHYURIZA ABISHYUZA; N’IMPUGUKE MU KUGENA AGACIRO K’IBISHOBORA KWANGIRIKA CHAPTER V: LOSS ADJUSTERS, LOSS ASSESSORS AND RISK SURVEYORS Toutefois, le contrat d'agence est résilié de plein droit si un agent d'assurance est coupable d'un fraud, crime économique ou financier. Les assureurs notifient la Banque Centrale toute résiliation de contrat d'agence et les motifs de cette résiliation dans un délai de 7 jours à compter de la date à laquelle la résiliation est effective. CHAPITRE V: EXPERT EVALUATEUR EXPERT DE EVALUATEUR DE SINISTRE ET ENQUETEURS DE RISQUES; DOMMAGES, kugena

Ingingo ya 50: Guha icyemezo impuguke mu k’ibyangiritse, agaciro impuguke mu kwishyuruza abishyuza agaciro n’impuguke mu k’ibishobora kwangirika kugena mu kugena Article 50: Licensing of loss adjuster, loss assessors and risk surveyor Article expert 50: Agrément pour evaluateur de dommages, évaluateurs de sinistres et enqueteurs de risques; Ingingo ya 50: Guha icyemezo impuguke mu k’ibyangiritse, agaciro impuguke mu kwishyuruza abishyuza n’impuguke mu agaciro k’ibishobora kwangirika kugena mu wese wifuza kugena kwemererwa Umuntu nk’impuguke agaciro k’ibyangiritse, nk’impuguke mu kwishyuriza abishyuza, ndetse nk’impuguke mu kugena agaciro k’ibishobora kwangirika agomba kubisaba Banki Nkuru akoresheje ifishi iri ku Mugereka wa 3. Article 50: Licensing of loss adjuster, loss assessors and risk surveyor Article expert 50: Agrément pour evaluateur de dommages, évaluateurs de sinistres et enqueteurs de risques; Any person proposing to be licensed as a loss adjuster, loss assessors and risk surveyor shall apply to the Central Bank in a prescribed Application Form set out in Appendix 3. Toute personne qui propose d’être agréée en tant qu’expert en sinistres, évaluateurs de sinistres et expert enquêteur risques doit adresser à la Banque Centrale un formulaire de demande prescrit figurant à l’Annexe 3. 52 Official Gazette no. 33 of 26/08/2019 Usaba agomba kuba afite amashuri ajyanye n’ibyo asaba. The applicant shall have relevant academic background in the field he/she applies for. Dosiye isaba igomba kuba ikubiyemo amakuru yerekeye: The Application informations/documents on: file shall contain requérant doit avoir une formation Le académique appropriée dans le domaine pour lequel il / elle postule. Le dossier de demande doit contenir des informations/document concernant: 1° inyandiko ziriho umukono wa noteri zigaragaza amashuri abakozi bakuru sosiyete bize, y’ubucuruzi; usaba iyo ari 1° a certified academic and professional credentials for the senior managers, if the appicant is a company; 1° diplomes académiques et professionnels certifiés pour les cadres dirigeant, si le demandeur est une société commerciale; 2° icyemezo cy’imyitwarire iboneye; 2° the certificate of good standing; 2° certificat de bonne conduites ; 3° ubwoko bw’umurimo yifuza gukora; 3° the field in which she/he seeks to bring 3° le domaine dans lequel il / elle cherche her/his expertise; à apporter son expertise ; 4° fotokopi y’ikarita ndangamuntu y’umunyamuryango ukora yatanzwe n’urugaga iyo ruhari; rw’abanyamwuga, 4° photocopy of the identity card of an a active member proffesional body if that body exist; issued by 5° inyandiko igaragaza ubwishingizi bw’uburyozwe bw’umwuga butari munsi ya miliyoni icumi y’amafaranga y’ u Rwanda (FRW10.000.000) buri mwaka kugirango habe hakwishyurwa ibigo ibyakwangirizwa by’ubwishingizi cyangwa abishingiwe; 5° a proof of a Professional Indemnity Insurance Policy of not less than ten million Rwandan (RWF 10,000,000) per year against any damage to insurance companies or insurance policyholders; that may be caused francs 4° photocopie de la carte d'identité d’un actif délivrée par un membre organisme professionnel, s'il existe; 5° la preuve d'une police d'assurance indemnité professionnelle d'au moins dix millions de francs rwandais (RWF 10 000 000) par an contre tout dommage pouvant être causé aux compagnies d'assurance ou aux assurés; 6° andi makuru Banki Nkuru ishobora 6° any other information that the Central 6° toute autre information requise par la gusaba. Bank may require. Banque centrale. 53 Official Gazette no. 33 of 26/08/2019 Usaba kandi agomba kwemeza ko: The Applicant has to further confirm whether he/she: Le demandeur doit confirmer s'il / elle: 1° atigeze agaragazwa ko yahombye; 1° has not been adjudged bankrupt; 1° n'a pas été déclaré en faillite par le 2° atigeze agambana n’abo abereyemo 2° has not compounded with creditors; 2° n'a pas compromis avec les créanciers; tribunal; imyenda ; 3° atigeze ahamywa icyaha icyo ari cyo cyose kirebana na ruswa, uburiganya, kunyereza imisoro, iyezandonke no gutera inkunga iterabwoba cyangwa ibindi byaha bimunga ubukungu, ibyaha byibasiye inyokomuntu, ibyaha by’intambara jenoside cyangwa ko atabaye umufatanyacyaha muri ibyo byaha; icyaha cya fraud, laundering 3° has not been convicted of any offense tax corruption, involving evasion, money and financing of terrorism, other economic and financial crimes, crime against humanity, and crime of genocide or has not been accomplice in any of those offences; 3° n'a pas été condamné pour infraction de corruption, fraude, évasion fiscale, capitaux blanchiment et de financement du terrorisme, autres crimes économiques et financiers, crime contre l'humanité et crime de génocide, ou n'a pas été complice de ces infractions; 4° atari uri mu umukozi, nama y’ubutegetsi cyangwa umugenzuzi w’umwishingizi uwo ari we wese, umuhuza mu bwishingizi wigenga cyangwa umuhuza mu bwishingizi usanzwe; 4° is not an employee, director or auditor of any insurance company, insurance broker, or insurance agent; 4° n'est un pas employé, un administrateur ou un auditeur d'une compagnie d'assurance, d'un courtier d'assurance ou d'un agent d'assurance; 5° afite uburambe n’ubunararibonye gukora akazi ke neza. buhagije bukenewe mu 5° possesses the necessary experience and expertise to perform his tasks competently. 5° possède l'expérience et l'expertise nécessaires pour s'acquitter de ses tâches avec compétence. 54 mu kugena

Ingingo ya 51: Agaciro k’icyemezo gihabwa agaciro impuguke k’ibyangiritse, impuguke mu kwishyuriza abishyuza n’impuguke mu kugena agaciro k’ibishobora kwangirika n’amafaranga y’icyemezo yishyurwa buri mwaka Article 51: Validity of a license issued to loss adjuster, loss assessor or risk survayor and annual license fee Article 51: Validité de la licence délivrée à l’expert evaluateur de dommages, expert évaluateurs de sinistres et enqueteurs de risques et frais annuel d’agrément icyemezo Ingingo ya 51: Agaciro k’icyemezo gihabwa impuguke agaciro k’ibyangiritse, impuguke mu kwishyuriza abishyuza n’impuguke mu kugena agaciro k’ibishobora kwangirika n’amafaranga y’icyemezo yishyurwa buri mwaka k’ibyangiritse, Icyemezo gihabwa impuguke mu kugena impuguke mu agaciro kwishyuriza abishyuza n‘impuguke mu kugena agaciro k’ibishobora kwangirika kigumana agaciro kacyo mu gihe cy’imyaka itatu uretse cyangwa agaciro cyatesherezwa igihe kigahagarikwa mbere y’icyo gihe. kwishyuriza Buri mpuguke mu kugena agiro k’ibyangiritse, abishyuza impugucye mu n’impuguke mu kugena agaciro k’ibishobora kwangirika, agomba kwishyura Banki Nkuru amafaranga y’icyemezo ya buri mwaka angana n’ibihumbi ijana by’amafaranga y’u Rwanda (FRW100.000) mu gihe cy’amezi atatu uhereye igihe umwaka w’imari warangiriye. Amafaranga yishyurwa buri mwaka afatwa nanone kuvugurura icyemezo. nk’amafaranga yo Official Gazette no. 33 of 26/08/2019 Article 51: Validity of a license issued to loss adjuster, loss assessor or risk survayor and annual license fee Article 51: Validité de la licence délivrée à l’ expert evaluateur de dommages, expert évaluateurs de sinistres et enqueteurs de risques et frais annuel d’agrément A license granted to a loss adjuster, loss assessors and risk surveyor remains valid for three (3) years unless revoked or suspended before the prescribed period. L’agrément délivré à un expert evaluateur de dommages, expert évaluateurs de sinistres et enqueteurs de risques reste valable pendant trois (3) ans, à moins qu’il soit révoqué ou suspendu avant ladite période. Each loss adjuster, loss assessors and risk surveyors shall pay to the Central Bank annual license fee of 100,000 FRW within 3 months after the end of financial year. Chaque evaluateur de dommages, expert évaluateurs de sinistres et enqueteurs de risques doit payer à la Banque Centrale les frais annuels de 100 000 FRW dans les trois mois suivant la fin de l'exercice. The annual fees is also the fee for license renewal. Les frais annuels sont également les frais de renouvellement de licence.

Ingingo ya 52: Kuvugurura cy’impuguke mu agaciro kugena k’ibyangiritse, mu kwishyuriza abishyuza n’impuguke mu agaciro k’ibishobora kwangirika kugena Article 52: Renewal of the license for loss adjuster, loss assessors and risk surveyor Article 52: Renouvellement de l’agrément pour expert evaluateur de dommages, expert évaluateurs de sinistres et enqueteurs de risques Ingingo ya 52: Kuvugurura icyemezo Article 52: Renewal of the license Article 52: Renouvellement de l’agrément Banki Nkuru ivugurura icyemezo cyahawe impuguke mu kugena agaciro k’ibyangiritse, Impuguke mu kwishyuriza abishyuza no mu kugena agaciro k’ibishobora kwangirika iyo The Central Bank shall renew the license of an insurance loss adjuster, loss assessors and risk surveyors where it is satisfied the insurance La Banque Centrale renouvelle l’agrémment d’un expert evaluateur de dommages, expert évaluateurs de sinistres et enqueteurs de le risques lorsqu’elle est satisfaite que 55 Official Gazette no. 33 of 26/08/2019 yizeye neza ko uwo muhuza akomeje kubahiriza ibisabwa mu gutanga icyemezo. to meet intermediary requirements for the issue of a license. continues the intermédiaire d’assurance continue à remplir les conditions requises.

Ingingo ya 53: Gusaba kuvugurura icyemezo Article 53: Application for renewal of license Article 53: Demande de renouvellement d’agrément Ingingo ya 53: Gusaba kuvugurura icyemezo Article 53: Application for renewal of license Article 53: Demande de renouvellement d’agrément Gusaba kuvugurura icyemezo byubahiriza ibisabwa n’ingingo ya 50 y’aya mabwiriza. iboneye nk’uko Icyemezo cy’imyitwarire gisobanuwe muri aya mabwiriza nacyo kigomba guherekeza dosiye isaba. The application for renewal of license shall respect the provisions of article 50 of this Regulation. A certificate of good standing as defined under this Regulation shall also be part of the application file. La demande de renouvellement d’agrément doit respecter les dispositionsde l’article 50 présent règlement. Un certificat de bonne conduite comme le défini le présent règlement doit également faire partie du dossier de demande. Banki Nkuru ishobora gusaba impuguke mu kugena agaciro k’ibyangiritse, impuguke mu kwishyuriza abishyuza cyangwa impuguke mu kugena agaciro k’ibishobora kwangirika gutanga izindi nyandiko n’andi makuru ibona akenewe mu kuvugurura icyemezo. The Central Bank may require an insurance loss adjuster, loss assessors and risk surveyor to provide such other documentation and information that it considers necessary for renewal of the license. La Banque Centrale peut demander un expert evaluateur de dommages, expert évaluateurs de sinistres et enqueteurs de risques de fournir tout autre document et information qu’elle estime renouveller l’agrément. nécessaires pour

Ingingo ya 54: Igihe ntarengwa cyo gusaba kongererwa icyemezo Ingingo ya 54: Time limit for application for license renewal Article 54: Délai de demande de renouvellement de licence 8 Ingingo ya 54: Igihe ntarengwa cyo gusaba kongererwa icyemezo Ingingo ya 54: Time limit for application for license renewal Article 54: Délai de demande de renouvellement de licence Haseguriwe ibiteganywa n’ingingo ya 50 y’aya mabwiriza, kuvugurura icyemezo bishyikirizwa Banki Nkuru mbere cyangwa ku wa 30 Ugushyingo w‘umwaka icyemezo kigomba gutamo agaciro. gusaba Subject to the provisions of article 50 of this Regulation, an application for renewal of license shall be submitted to the Central Bank on or before 30th of November of the year of expiration of the license. 56 une règlement, Sous réserve des dispositions de l'article 50 du présent de renouvellement d’agrément doit être présentée à la Banque Centrale au plus tard le 30 Novembre de l’expiration d’agrément. l’année de demande

Ingingo ya 55: Gukurikirana imyitwarire y’impuguke agaciro k’ibyangiritse, impuguke mu gusesengura agaciro k’ibyangiritse n’impuguke mu kugena agaciro k’ibishobora kwangirika kugena mu Official Gazette no. 33 of 26/08/2019 Article 55: Monitoring of conducts of for loss adjusters, loss assessors and risk surveyor Article 55: Suivi des conduites des expert evaluateur expert évaluateurs de sinistres et enqueteurs de risques dommages, de UMUTWE WA VI: ISANO IRI HAGATI BWISHINGIZI Y’UMUHUZA MU N’ABISHINGIZI UMWISHINGIZI B’ABISHINGIZI Ingingo ya 55: Gukurikirana imyitwarire y’impuguke agaciro k’ibyangiritse, impuguke mu gusesengura agaciro k’ibyangiritse n’impuguke mu kugena agaciro k’ibishobora kwangirika kugena mu Official Gazette no. 33 of 26/08/2019 Article 55: Monitoring of conducts of loss adjusters, loss assessors and risk surveyor Article 55: Suivi des conduites des expert evaluateur expert évaluateurs de sinistres et enqueteurs de risques dommages, de Buri mwishingizi agomba gushyiraho uburyo bwo gukurikirana no gusuzuma imyitwarire y’impuguke mu kugena agaciro k’ibyangiritse, abishyuza impuguke mu n’impuguke mu kugena agaciro k’ibishobora kwangirika akorana nabo. kwishyuriza Insurer shall put in place the mechanism of monitoring and evaluating the conduct of the loss adjusters, loss assessors and risk surveyor they work with. disposer assureurs Les d’un doivent mécanisme de suivi et d’évaluation des conduites de experts dommages, expert évaluateurs de sinistres et enqueteurs de risques avec ils travaillent. evaluateurs lesquels des UMUTWE WA VI: ISANO UMUHUZA AFITANYE N’UMWISHINGIZI N’UMWISHINGIZI W’ABISHINGIZI VI: CHAPTER BETWEEN THE INSURER AND REINSURER RELATIONSHIP INTERMEDIARY, CHAPITRE VI: RELATION ENTRE L'INTERMEDIAIRE ET L'ASSUREUR ET REASSUREUR

Ingingo ya 56: Gukorana n’umwishingizi w’abishingizi cyangwa wahawe icyemezo umwishingizi CHAPTER VI: BETWEEN THE INSURER AND REINSURER RELATIONSHIP INTERMEDIARY, CHAPITRE VI: RELATION ENTRE L'INTERMEDIAIRE ET L'ASSUREUR ET REASSUREUR Article 56: Working with a licensed insurer or reinsurer Article 56: Travailler avec un assureur ou un réassureur agréé Ingingo ya 56: Gukorana n’umwishingizi cyangwa w’abishingizi wahawe icyemezo umwishingizi Buri muhuza agomba igihe cyose kumenya neza ko umwishingizi cyangwa umwishingizi w’abishingizi akorana nawe yemerewe gukora umurimo w’ubwishingizi nk’uko biteganywa imitunganyirize n’itegeko y’umurimo w’ubwishingizi n’amabwiriza arishyira mu bikorwa. ryerekeye Article 56: Working with a licensed insurer or reinsurer Article 56: Travailler avec un assureur ou un réassureur agréé Every intermediary shall at all time ensure that the insurer or reinsurer who arranges business with him/her is licensed to conduct insurance business in accordance with the law governing the organisation of insurance business and implementing regulations. Chaque intermédiaire doit à tout moment s'assurer que l'assureur ou réassureur qui organise des affaires avec lui / elle est autorisé (e) d'assurance conformément à la loi régissant l'organisation de l'activité d’assurance et ses règlements d'application. l'activité exercer à

Ingingo ya 57: Ibibujijwe umwishingizi cyangwa umwishingizi w’abishingizi Article 57: Prohibitions for insurer or reinsurer Article 57: Interdictions relatives aux assureurs ou réassureurs Ingingo ya 57: Ibibujijwe umwishingizi cyangwa umwishingizi w’abishingizi Article 57: Prohibitions for insurer or reinsurer Article 57: Interdictions relatives aux assureurs ou reassureurs Umwishingizi w’abishingizi abujijwe: cyangwa umwishingizi An insurer or reinsurer shall not: Un assureur ou réassureur ne doit pas: 57 Official Gazette no. 33 of 26/08/2019 1° kwishyura umufuragiro uwo ari wo wose umuhuza udafite icyemezo ; 1° pay any commission or fee to an 1° verser une commission ou frais à un unlicensed intermediary; intermédiaire non agréé ; 2° kwishyura umufuragiro uwo ari wo wose cyangwa amafaranga umuhuza mu bwishingizi usanzwe batagiranye amasezerano. 2° pay any commission or fee to an insurance agent with whom no contract was concluded. 2° payer les frais à un agent d'assurance avec qui aucun contrat n'a été conclu;

Ingingo ya 58: Ibibujijwe umuhuza mu bwishingizi wigenga Article 58: Restrictions related to insurance brokers Article 58: Restrictions relatives aux courtiers d’assurance Ingingo ya 58: Ibibujijwe umuhuza mu bwishingizi wigenga Article 58: Restrictions related to insurance brokers Article 58: Restrictions relatives aux courtiers d’assurance Umuhuza mu bwishingizi wigenga ntashobora kwakira, kugumana cyangwa kugira icyo ari cyo cyose akoresha ikiguzi cy’ubwishingizi cyishyuwe ku masezerano y’ubwishjngizi cyangwa ku mazezerano y’ubwishingizi umwishingizi ategenya kugirana n’abakiriya. An insurance broker shall not receive, hold or in any way deal with a premium payable under an insurance policy entered into or to be entered into with an insured. Un courtier d’assurance ne peut recevoir, détenir ou traiter de quelque manière que ce soit une prime payable en vertu d’une police d’assurance souscrite ou à conclure avec un assuré. Umuhuza mu bwishingizi wigenga abujijwe gutanga atabiherewe uburenganzira n’ikigo cy’ubwishingizi bireba. ubwishingizi It is forbidden for insurance brokers to grant insurance coverage without authorization from the concerned insurance institution. Il est interdit aux courtiers d’assurance d’accorder une couverture d’assurance sans l’autorisation de la compagnie d’assurance concernée.

Ingingo ya 59: Ibibujijwe umuhuza mu bwishingizi usanzwe Article 59: Restrictions for Agents Article 59: Restrictions pour les agents Ingingo ya 59: Ibibujijwe umuhuza mu bwishingizi usanzwe Nta muhuza mu bwishingizi usanzwe ushobora gukora ibirenze ibikubiye mu masezerano y’ubuhuza yagiranye n’umwishingizi. Umuhuza mu bwishingizi usanzwe abujijwe, ikiguzi kose uko byagenda cyangwa bwatanzwe cy’ubwishingizi bushobora gutangwa n’uwishingiwe. kwakira Article 59: Restrictions for agents Article 59: Restrictions pour les agents No insurance agent may act outside the terms of an approved agency agreement. Aucun agent d’assurance ne peut oeuvrer en dehors des termes du contrat de représentation. In any way, no insurance agent shall receive in any manner the insurance premium from an insured or potential policyholder. En aucun cas, aucun agent d’assurance ne peut recevoir de quelque manière que ce soit la prime d’assurance d’un preneur assuré ou potentiel. 58 Official Gazette no. 33 of 26/08/2019

Ingingo ya 60: Kubuzwa gukorera umwishingizi umwishingizi cyangwa w’abishingizi utemerewe gukorera mu Rwanda Article 60: Prohibition to act for insurer or reinsurer not allowed to operate in Rwanda Article 60: Interdiction d'agir pour les assureurs ou réassureur non autorisé d’opérer au Rwanda Ingingo ya 60: Kubuzwa gukorera umwishingizi umwishingizi cyangwa w’abishingizi utemerewe gukorera mu Rwanda Article 60: Prohibition to act for insurer or reinsurer not allowed to operate in Rwanda Article 60: Interdiction d'agir pour les assureurs ou réassureur non autorisé d’opérer au Rwanda Nta muntu ushobora, atabyemerewe na Banki Nkuru, gukorera umwishingizi cyangwa umwishingizi w’abishingizi nk’umuhuza mu cyangwa w’ubwishingizi murimo w’ubwishingizi bw’abishingizi nyamara uwo mwishingizi umwishingizi cyangwa w’abishingizi atemerewe gukorera mu Rwanda ryerekeye ashingiye imitunganyirize y’umurimo w’ubwishingizi ndetse n’amabwiriza arishyira mu bikorwa. itegeko ku ku bijyanye n’ibibazo Icyakora, byambukiranya imipaka, Banki Nkuru ifite ububasha bwo guhanahana amakuru ndetse ikanahana ibijyanye n’imyitwarire itaboneye ku bijyanye n’ibibazo byambukiranya imipaka byerekeye abahuza mu bwishingizi bakorera hanze y’u Rwanda bagurisha zerivisi z’ubwishingizi ku bantu bari mu Rwanda. No person shall, without the approval of the Central Bank, act as an insurance intermediary for an insurer or reinsurer in respect of any insurance business that the insurer or reinsurer is not entitled to carry on in Rwanda under Law on organization of insurance business and its implementing Regulations. Nul ne peut, sans l’approbation de la Banque Centrale, agir en tant qu’un intermediaire en assurance pour un assureur ou réassureur dans le cadre d’une activité d’assurance ou de réassurance qu’il n’est pas autorisés à exercer au Rwanda en vertu de la loi regissant l’activité d’assurance et ses règlements d’application. However, in respect of cross border issues, the Central Bank has the authority to exchange information and enforce market conduct rules across borders for located outside of Rwanda that are selling insurance products to persons in Rwanda. intermediaries Toutefois, en ce qui concerne les problèmes transfrontaliers à la Banque Centrale est habilité à échanger des informations et à appliquer des règles de conduite du marché transfrontalières aux intermédiaires situés en dehors du Rwanda qui vendent des produits d’assurance à des personnes au Rwanda.

Ingingo ya 61: Umufuragiro Article 61: Commissions Article 61: Commissions Ingingo ya 61: Umufuragiro Article 61: Commissions Article 61: Commissions Umwishingizi umwishingizi cyangwa w’abishingizi ntashobora kwishyura umuhuza mu bwishingizi wiganga cyangwa umuhuza mu umufuragiro, igihembo cyangwa andi mafaranga birengeje ibipimo by’umufuragiro byemewe na politiki yerekeye umufuragiro yemejwe n’inama bwishingizi usanzwe Insurer or reinsurer shall not pay to an insurance broker or agent a commission, fee, other remuneration or any sum in excess of the commission rates acceptable under policy approved by the insurer or reinsurer’s board of directors and disclosed to intermediary. 59 une Il est interdit à un assureur ou à un réassureur de payer à un courtier d’assurance ou un agent d’assurance une rémunération, d’autres frais ou une somme supérieure au taux de commission acceptables sous la polique de commission approvée par le conseil d’administration de l’assureur ou du commission, y’umwishingizi y’ubutegetsi y’umwishingizi yagaragarijwe umuhuza bireba. w’abishingizi Official Gazette no. 33 of 26/08/2019 cyangwa kandi réassureur et dévoilé à un concerné. intermédiaire kose, nta mufuragiro, Uko byagenda amafaranga cyangwa igihembo gihabwa umuhuza mu bwishingizi wigenga cyangwa umuhuza mu bwishingizi usanzwe yaba mu bwishingizi cyangwa mu bwishingizi bw’abishingizi gishobora kurenga ibipimo bikurikira by’ikiguzi cy’ubwishingizi: fee or In any case, no commission, remuneration to an insurance broker or agent either in insurance or in reinsurance shall be beyond the premium written: the following thresholds of Dans tous les cas, aucune commission, frais ou rémunération versé à un courtier d’assurance ou à un agent d’assurance ou de réassurance peut dépasser les seuils suivant des primes souscrite: 1° ubwishingizi bw’igihe gito hatarimo ubwishingizi butegetswe: ntibijya hejuru 15%; 1° general insurance products except mandatory insurance: maximum 15%; 1° produits d’assurance a l’exception de l’assurance obligatoire : 15% au maximum ; general 2° ubwishingizi butegetswe: ntibijya 2° mandatory insurance products: 2° assurance obligatoire : 10% au hejuru ya 10%; Maximum 10%; maximum ; 3° ubwishingizi bw’igihe kirekire: ntibijya 3° life insurance products: maximum 30%; 3° assurance vie : 30% au maximum ; hejuru ya 30%; 4° pension: ntibijya hejuru ya 5%. 4° pension: Maximum 5%; 4° pension : 5% au maximum ; butaziguye Nta muntu wemerewe guha yaba yose cyangwa igice, bwaba mu buryo buziguye cyangwa amafaranga y’umufuragiro ku buhuza bw’umuhuza mu bwishingizi wigenga, ikiguzi cy’ubwishingizi, mu rwo gutuma umuntu afata, avugurura cyangwa akomeza amazezerano y’ubwishingizi, cyeretse iryo tanga ribanje kwemezwa mu buryo bukurikije itangazo ryo rwego No person shall offer, either directly or indirectly, as an inducement to any person to take out, renew or continue a contract of insurance, any rebate of the whole or part of any brokerage commission or premium except if such rebate as may be allowed in accordance with a published prospectus, manual or schedule of rates of an insurer. 60 ne peut directement ou offrir, Nul indirectement, à une personne comme une incitation à souscrire, renouveler ou prolonger un contrat d'assurance, tout rabais partiel ou total d'une commission de courtage ou d'une prime, sauf si ce remboursement est autorisé conformément à un prospectus publié, à un manuel ou à une grille tarifaire d'un assureur. Official Gazette no. 33 of 26/08/2019 kugurisha imigabane, uburyo bwashyizweho numwishingizi cyangwa ibiciro yashyizeho. Umwishingizi abujijwe guha umufuragiro cyangwa andi mafaranga asa na wo umuhuza mu bwishingizi wigenga cyangwa umuhuza mu bwishingizi usanzwe mbere y’uko akora akazi agomba guhemberwa. An insurer is prohibited to make advance payment of any kind to an insurance broker and insurance agent against the commissions or similar fees. Il est interdit à un assureur de faire des avances de n'mporte quelle sorte que ce soit à un courtier d’assurances et à un agent d’assurance contre les commissions ou des frais similaires.

Ingingo ya 62: Guhagararirwa n’umuhuza mu bwishingizi Article 62: Representation by insurance intermediary Article 62: l'intermédiaire d'assurance Représentation par 9 UMUTWE WA BYEREKEYE IHAMYE NO GUCUNGA INGORANE VII: IMARI IBISABWA SHINGIRO Official Gazette no. 33 of 26/08/2019 CHAPTER REQUIREMENTS VII: PRUDENTIAL CHAPITRE VII : LES EXIGENCES PRUDENTILLES Ingingo ya 62: Guhagararirwa n’umuhuza Article intermediary 62: Representation by an Article intermédiaire 62: Représentation par un amafaranga Umuhuza abujijwe kuvuga ibinyoma cyangwa gutanga amakuru atariyo cyangwa ayobya ku kuba byerekeye yishyurwa amasezerano yerekeye y’ubwishingizi ategenywa gukorwa cyangwa ku ngaruka zerekeye ingingo z’amasezerano y’ubwishingizi z’amasezerano cyangwa y’ubwishingizi ateganywa kuba. yagombye Intermediary shall not deceive, make a false or misleading statement in whatever manner in regards to any amount that would be payable in respect of a proposed contract of insurance or on the effect of any provision of a contract of insurance or a proposed contract of insurance. intermédiaire ne doit faire une Aucun déclaration fausse ou trompeuse concernant à ce qui est le montant qui serait payable à l'égard d'un contrat d'assurance proposé ou à l’égard toute disposition d'un contrat d'effet de d'assurance ou d'un projet de contrat d'assurance. Ibivugwa mu gika kibanziriza iki byerekeye kudatanga amakuru ayobya bikubiyemo no kwirengagiza amakuru y’ingenzi. gutanga nkana A reference in paragraph one to making a misleading statement includes a reference to omitting to disclose any material information. Dans le paragraphe premier, une mention de déclaration trompeuse inclut une référence à l’omission informations matérielles. divulguer de Umuhuza abujijwe, kubijyanye n’amasezerano y’ubwishingizi y’ubwishingizi cyangwa bw’abishingizi ateganyijwe kuba: An intermediary shall not, in relation to a proposed contract of insurance or reinsurance: Intermédiaire est interdit, en ce qui concerne un contrat d’assurance ou de réassurance proposé, de: 1° kuzuza ifishi, yaba igomba guhabwa cyangwa kohererezwa umwishingizi cyangwa umwishingizi w’abishingizi, ikintu icyo ari cyo cyose gikomeye mu 1° fill in a form, being a form that is given or sent to an insurer or reinsurer, any matter that is material to the contract while is false or misleading; 1° compléter un formulaire, étant une formulaire qui est donné ou envoyé à toute un assureur ou réassureur, 61 masezerano nyamara kitari ukuri cyangwa kiyobya; 2° kwirengagiza kugaragariza umwishingizi cyangwa umwishingizi w’abishingizi amakuru akomeye mu masezerano agiye gukorwa; 3° kugira inama cyangwa gukangurira ushaka gufata ubwishingizi cyangwa ubwishingizi bw’abishingizi kuzuza ifishi, yaba fishi igomba guhabwa cyangwa kohererezwa umwishingizi cyangwa umwishingizi w’abishingizi, amakuru atari ukuri cyangwa ayobya ku makuru y’ ingenzi; cyangwa 4° kugira inama cyangwa gukangurirwa ushaka gufata ubwishingizi ngo agire amakuru kubwira yirengagiza umwishingizi nyamara ayo makuru ari ingenzi mu masezerano agiye gukorwa. UMUTWE WA BYEREKEYE IHAMYE NO GUCUNGA INGORANE VII: IMARI IBISABWA SHINGIRO Official Gazette no. 33 of 26/08/2019 information importante dans le contrat alors qu’elle fausse ou trompeuse; 2° omit to disclose to the insurer or reinsurer any matter that is material to the proposed contract; 2° omettre de divulguer à l'assureur ou information toute réassureur importante pour le contrat proposé; 3° advise or induce the intending insured or reinsured to fill in on a form, being a form that is given or sent to an insurer or reinsurer, any matter that is false or misleading on a material fact; or 3° conseiller ou l'assuré ou inciter réassuré potentiel à remplir un formulaire, étan formulaire qui est donné ou envoyé à un assureur ou réassureur, toute information fausse ou trompeuse sur un point important; ou 4° advise or induce the intending insured to omit to disclose to the insurer any matter that is material to the proposed contract. 4° conseiller ou inciter l'assuré potentiel à ne pas divulguer à l'assureur toute question importante pour le contrat proposé. CHAPTER REQUIREMENTS VII: PRUDENTIAL CHAPITRE VII : LES EXIGENCES PRUDENTILLES

Ingingo ya 63: Imari ihamye no gucunga ibyateza ingorane Article 63: Financial soundness and risk management Article 63: Solidité financière et gestion des risques Ingingo ya 63: Imari ihamye no gucunga ibyateza ingorane Article 63: Financial soundness and risk management Article 63: Solidité financière et gestion des risques Umuhuza mu bwishingizi wigenga cyangwa umuhuza mu bwishingizi bw’abishingizi wigenga agomba kugira politiki yerekeye A licensed insurance broker shall have in place risk management policies and internal control Un courtier d’assurance agréé doit mettre en place des politiques de gestion des risques et des systèmes de contrôle interne adaptés à la 62 ibyateza n’uburyo gucunga bw’imicungire y’imbere bijyanye n’urusobe, ingano n’ubwoko bw’umurimo w’ubuhuza. ingorane Official Gazette no. 33 of 26/08/2019 systems that are appropriate to the complexity, size and nature of his business. complexité, à la taille et à la nature de son entreprise. ibyateza ingorane Uburo bwo gucunga bugomba gushyirwaho kugirango buhangane nibura n’ibyateza ingorane byakomoka ku mari cyangwa ku buryo bw’imikorere burimo ibyateza ingorane zaturuka ku iyezandonke no gutera inkunga iterabwoba. At the minimum, risk management policies and internal control systems shall be in place to cover financial and operational risks including those risks arising from money laundering and financing of terrorism. Au minimum, des politiques de gestion des risques et des systèmes de contrôle interne doivent être en place pour couvrir les risques financiers et opérationnels, y compris ceux liés au blanchiment de capitaux et au financement du terrorisme.

Ingingo ya 64: Impinduka mu bafite imigabane itubutse Article shareholding 64: Change in qualifying Article 64: Changement dans l’actionnariat qualifiant UMUTWE WA VIII: KUGENZURA ABAHUZA MU BWISHINGIZI CHAPTE VIII: SUPERVISION OF INSURANCE INTERMEDIARIES CHAPITRE VIII: CONTRÔLE DES INTERMÉDIAIRES D'ASSURANCE Ingingo ya 64: Impinduka mu bafite imigabane itubutse Article shareholding 64: Change in qualifying Article 64: Changement dans l’actionnariat qualifiant ukora nk’isosiyete Umuhuza agomba kumenyesha mu nyandiko Banki Nkuru iby’impinduka zibaye mu byerekeye abafite imigabane itubutse ndetse no mu miterere y’ubuyobozi mu gihe cy’iminsi cumi n’ine (14) uhereye igihe iyo mpinduka yabereye. An intermediary that operates as a company shall inform the Central Bank in writing of any change that may arise in its qualifying shareholding and management structure within fourteen (14) days from the date of such a change. Un intermédiaire opérant en tant qu’une société doit informer par écrit la Banque Centrale de tout changement dans la structure de son actionnariat qualifiés et de sa direction dans les quatorze (14) jours à compter de la date dudit changement. UMUTWE WA VIII: KUGENZURA ABAHUZA MU BWISHINGIZI CHAPTE VIII: SUPERVISION OF INSURANCE INTERMEDIARIES CHAPITRE VIII: CONTRÔLE DES INTERMÉDIAIRES D'ASSURANCE

Ingingo ya 65: Inshingano zo guha amakuru Banki Nkuru Article 65: Obligation information to Central Bank to furnish Article 65: Obligation de fournir des informations à la banque centrale Ingingo ya 65: Inshingano zo guha amakuru Banki Nkuru 65: Obligation Article information to Central Bank to furnish Article 65: Obligation de fournir des informations à la banque centrale Banki Nkuru ishobora gutegeka umuhuza kuyiha amakuru ku kibazo icyo ari cyo cyose kerekeye umurimo akorera mu Rwanda cyangwa hanze ya rwo. The Central Bank may any intermediary to furnish it with information about any matter related to the business carried on in Rwanda or elsewhere. require La Banque Centrale peut obliger tout intermédiaire à lui fournir des informations sur toute affaire relative à son activité exercée au Rwanda ou ailleurs. 63 Official Gazette no. 33 of 26/08/2019

Ingingo ya 66: Kubuzwa gukora umurimo w’ubuhuza Article 66: Prohibition from carrying on business as an intermediary Article 66: Interdiction d'exercer l'activité d'intermédiaire Ingingo ya 66: Kubuzwa gukora umurimo w’ubuhuza Article 66: Prohibition from carrying on business as an intermediary Article 66: Interdiction d'exercer l'activité d'intermédiaire Banki Nkuru ishobora kubuza uwo ari we wese gukomeza gukora umurimo w’ubuhuza cyangwa kugira uruhare, rwaba uruziguye cyangwa urutaziguye, mu micungire y’umuhuza mu bwishingizi: The Central Bank may prohibit any person from continuing carrying on business as an intermediary or from taking part, directly or indirectly, the management of any intermediary: in 1° iyo umuntu yahamijwe n’inkiko, zaba izo mu Rwanda cyangwa mu mahanga, uburiganya, icyaha kimunga ubukungu bivugwa nk’uko n’amategeko; 2° iyo Banki Nkuru isanze uwo bireba: 1° if the concerned person has been convicted, whether in Rwanda or elsewhere; of economic and financial crime orinternational as defined by appropriate law; crimes 2° where the Central Bank is satisfied that the concerned intermediary; La Banque Centrale peut interdire à toute personne de continuer d'exercer une activité d'intermédiaire ou de participer, directement ou tout intermédiaire: indirectement, à la gestion de 1° si la personne concernée a été condamnée, que ce soit au Rwanda ou ailleurs; d’un crime économiques et financier ou les crimes internationaux comme définis par les lois appropriés; 2° lorsque convaincue concernée : la Banque Centrale est 'intermédiare que imikono ubwishingizi (a) yarahimbye y’uwafashe cyangwa y’umufatabwishingizi bw’abishingizi; (a) forged insured or reinsured (a) a contrefait la signatures de signatures; l’assuré ou du réassuré; (b) yarakoze ibinyuranyije n’aya (b) contravened any provision of this (b) a enfreint une disposition du mabwiriza; Regulation; présent règlement; (c) yarahaye umwishingizi, umwishingizi w’abishingizi Nkuru Banki cyangwa amakuru atari ukuri, ayobya cyangwa atumvikana mu gihe cy’isaba rye nk’umuhuza; (c) furnished false, misleading or inaccurate information in his/her application to Central Bank or to the insurer as an intermediary; (c) a fourni des informations fausses, trompeuses ou inexactes dans sa demande à la Banque Centrale ou à tant l'assureur qu'intermédiaire; en 64 Official Gazette no. 33 of 26/08/2019 (d) wilfully misled any insured or reinsured when assisting him/her to fill up the relevent form; (d) a délibérément induit en erreur un preneur d’assurance pendant son assistance dans le processus de remplir de le proposition; formulaire (d) abigambiriye kandi mu guhe cyo kumufasha, yarayobeje umufatabwishingizi cyangwa umufatabwishingizi bw’abishingizi mu gihe cyo kuzuza impapuro mbanzirizamasezerano; (e) yarakoreshe uburiganya ku girango yuzuze ibyo asabwa n’aya mabwiriza; (e) used dishonest means to meet the requirements set up by the this regulation; (e) a utilisé des manœuvres frauduleuses pour satisfaire aux exigences établies par le présent règlement; (f) yarakoze icyo ari cyo cyose n’amahame kinyuranyije ndemyagihugu; (f) been involved in any activity prejudicial to the public interest; (f) été impliqué dans une activité préjudiciable à l'intérêt public; (g) ikindi gikorwa cyangwa impamvu yose Banki Nkuru ibona ko ikwiye. (g) any other acts or cause that the Central Bank may deem justified. (g) tout autre acte ou cause que la juger Banque Centrale peut justifié.

Ingingo ya 67: Igenzura ry’itumanaho ryanditse zakoreshejwe n’umuhuza Article communication used by intermediary Control 67: of written UMUTWE WA IX: IBONEYE KU ISOKO IMYITWARIRE CHAPTER IX: MARKET DISCIPLINE Article 67: Contrôle de la communication écrite utilisée par l'intermédiaire CHAPITRE MARCHÉ IX: DISCIPLINE AU Ingingo ya 67: Igenzura ry’itumanaho ryanditse zakoreshejwe n’umuhuza Banki Nkuru ishobora, ikoresheje inyandiko, gutegeka umuhuza uwo ari we wese, kuyishyikiriza inyandiko izo ari zo zose zikoreshwa n’umuhuza zerekeye inyungu ziri cyangwa zishobora kuboneka mu masezerano y’ubwishingizi. Article communication used by intermediary Control 67: of written The Central Bank may, by notice in writing, require any intermediary to submit to it any written communication which is being used by an intermediary in relation to the benefits to be or likely to be derived from insurance policies. Article 67: Contrôle de la communication écrite utilisée par l'intermédiaire tout intermédiaire à La Banque Centrale peut, par notification écrite, obliger lui soumettre toute communication écrite utilisé par l’intermediaire en relation avec des avantages éventuels ou futurs dérivé de polices d’assurance. izo nyandiko Iyo Banki Nkuru cyangwa zinyuranyije n’aya mabwiriza zishobora kuyobya, Banki Nkuru ibinyujije mu isanze If it appears to the Central Bank that any such written communication contravenes any provision of this regulation, or likely to S'il apparaît à la Banque Centrale qu'une telle communication écrite contrevient à l'une des dispositions du présent règlement ou est 65 Official Gazette no. 33 of 26/08/2019 ishobora gucyebura umuhuza nyandiko imubuza gukomeza kuzikoresha kandi bigahita bitangira gukurikizwa umunsi wavuzwe na Banki Nkuru. mislead, the Central Bank may by a written notice, direct the insurance intermediary to immediately discontinue their use or from such date as may be specified in the notice. susceptible d'induire en erreur, elle peut, par notification écrite, enjoindre à l'intermédiaire d'assurance l'utiliser immédiatement ou à compter de la date indiquée dans l'avis. cesser de de iyi ngingo’’inyandiko’’ Muri ikubiyemo boroshire, inyandiko zirimo amakuru ahinnye, inyandiko zamamaza zaba iza eregitoronike cyangwa izanditseho zasohowe n’imashini cyangwa izindi z’ubwoko ubwo ari bwo bwose. In this article, “written communication” includes any brochure, leaflet, circular or advertising matter, whether in electronic, print or any other form. Dans cet article, le terme « communication écrite » comprend toute brochure, dépliant, circulaire ou matériel publicitaire, sous forme électronique, imprimée ou sous toute autre forme. UMUTWE WA IX: IBONEYE KU ISOKO IMYITWARIRE CHAPTER IX: MARKET DISCIPLINE CHAPITRE MARCHÉ IX: DISCIPLINE DE

Ingingo ya 68: Politiki yerekeye ubuhuza Article 68: Intermediation policy Article 68: La politique d’intermédiation Ingingo ya 68: Politiki yerekeye ubuhuza Article 68: Intermediation policy Article 68: La politique d’intérmediation gihe atandatu cy’amezi Mu nyuma y’itangazwa ry’aya mabwiriza mu Igazeti ya Leta ya Repubulika y’u Rwanda, buri mwishingizi umwishingizi cyangwa w’abishingizi agomba kuba afite politiki yerekeye ubuhuza. Within six months after the publication of this Regulation in the Official Gazette of the Republic of Rwanda, every insurer or reinsurer shall have an intermidiation policy. Tout assureur ou réassureur doit, dans les six mois suivant la publication du présent règlement au Journal Officiel de la République du Rwanda, mettre en place politique d’intermediation. Politiki igomba kubanza kwemezwa n’inama y’ubutegetsi maze igashyikirizwa Banki Nkuru mu gihe cy’amezi atandatu avugwa mu gika kibanziriza iki. The policy shall be approved by the board and submitted to the Central Bank within 6 months specified in the preceding paragraph. La politique doit être approuvée par le conseil d’administration et soumise à la Banque Centrale endéans six mois spécifiés au paragraphe précédent. politiki igomba Iyi uko umwishingizi azagenzura n’uko azakurikirana imikorere y’abahuza mu bwishingizi basanzwe kugaragaza The policy shall indicate how the insurer shall manage and track performance of the agents as well as mitigating factors in place to manage any arising risks. La police doit indiquer comment l’assureur doit gérer et suivre les performances des agents ainsi que les facteurs atténuants en place pour gérer les risques éventuels. 66 Official Gazette no. 33 of 26/08/2019 ndetse n’ingamba azashyiraho zo gucunga ibyateza ingorane. Ku mwishingizi cyangwa umwishingizi w’abishingizi mushya, iyi politiki igomba kuba ari imwe mu nyandiko zigize dosiye isaba icyemezo. For newly licensed insurer or reinsurer, this policy shall be part of the license application file. les assureurs ou Pour réassureurs nouvellement agréés, cette politique doit faire partie du dossier de demande d’agrément. les Iyo politiki igomba kongera kuvugururwa nibura itanu maze igashyirikizwa Banki Nkuru nyuma y’amezi abiri nyuma y’iyo myaka. y’imyaka nyuma The policy shall be reviewed every 5 years and the revised policy shall be submitted to the Central Bank two month after that period. La politique doit être révisée tous les 5 ans et la politique révisée doit être soumise à la Banque Centrale deux mois après cette période.

Ingingo ya 69: Gusangira amakuru Article 69: Information sharing Article 69: Partage d'informations Ingingo ya 69: Gusangira amakuru Article 69: Information sharing Article 69: Partage d'informations Binyujijwe mu mashyirahamwe yabo abishingizi cyangwa abishingizi b’abishingizi ndetse n’abahuza mu bwishingizi bigenga bagomba gusangiza Banki Nkuru amakuru yerekeye uburiganya, ruswa, cyangwa indi byakozwe migirire n’umuhuza uwo ari we wese. ibangamiye isoko their Through respective Associations, Insurers and reinsurers as well as insurance broker s shall share with Central Bank information concerning fraud, corruption or any other malpractice committed by any intermediary. Par le biais de leurs associations respectives, les assureurs et les réassureurs ainsi que les courtier d’assurances partagent avec la Banque Centrale les informations relatives à la fraude, à la corruption ou à toute autre faute commise par tout intermédiaire. Iyo ishyirahamwe ry’abishingizi b’abishingizi ridahari, basangira amakuru na Banki Nkuru binyuze mu ishyirahamwe ry’abishingizi. Reinsurers shall share information with the Central Bank through association of insurers if their association is not available. 67 doivent réassureurs Les des informations avec la Banque Centrale par le biais d'une association des assureurs si leur association n'est pas disponible. partager Official Gazette no. 33 of 26/08/2019

Ingingo ya 70: Kubuzwa gushyiraho umuntu mufitanye isano nk’umuhuza mu bwishingizi usanzwe Article 70: Prohibition to appoint related person as an insurance agent Article 70: Interdiction de désigner comme agent une personne liée d'assurance 10 Official Gazette no. 33 of 26/08/2019 Ingingo ya 70: Kubuzwa gushyiraho umuntu mufitanye isano nk’umuhuza mu bwishingizi usanzwe Nta mwishingizi wemerewe gushyiraho umuntu bafitanye isano nk’umuhuza mu bwishingizi usanzwe cyeretse aho amategeko abiteganya. Article 70: Prohibition to appoint related person as an insurance agent Article 70: Interdiction de désigner comme agent une personne liée d'assurance No insurer shall appoint related person as its own except where agents insurance permissible by the Laws. Aucun assureur ne doit nommer des personnes liées comme agents d’assurance, sauf si la loi le permet. abahuza mu

Article 71: Database for insurance broker or loss adjuster, loss assessor and risk surveyor ya mu Ikusanyirizo 71: Ingingo yerekeye abahuza basanzwe, abahuza mu bwishingizi mu impuguke impuguke k’ibyangiritse, abishyuza k’ibishobora kwangirika kugena mu kugena ry’amakuru bwishingizi bigenga, agaciro kwishyuriza agaciro n’impuguke mu courtiers Base de données pour des agents des expert de de sinistres d’assurance, dommages, enqueteurs evaluateur de et assurance, Article 71: en expert évaluateurs risques Ingingo ya 71: Ikusanyirizo ry’amakuru yerekeye bwishingizi basanzwe, abahuza mu bwishingizi bigenga, agaciro impuguke k’ibyangiritse, impuguke mu kwishyuriza abishyura n’impuguke mu kugena agaciro k’ibishobora kwangirika kugena mu Article 71: Database for insurance agents, insurance broker or loss adjuster, loss assessor and risk surveyor Article 71: Base de données pour des agents en assurance, courtiers d’assurance , des experts evaluateur de dommages, expert évaluateurs de sinistres et enqueteurs de risques Ishyirahamwe ry’abishingizi rigomba kugira kandi rikagumana ikusanyirizo ry’amakuru yerekeye abahuza mu bwishingizi basanzwe, abahuza mu bwishingizi bigenga, impuguke mu kugena agaciro k’ibyangiritse, impuguke mu kwishyuriza abishyura n’impuguke mu kugena agaciro k’ibishobora kwangirika kandi muri iryo kusanyirizo buri muhuza agahabwa ikimuranga kihariye kuri buri muntu. Association of insurers shall have and maintain a database for insurance agent or insurance brokers, loss adjuster, loss assessor and risk surveyor with a unique ID for each. L'association des assureurs doit avoir et maintenir une base de données pour des agents en assurance, des courtiers d’assurance ou evaluateur de réassurance, des dommages, expert évaluateurs de sinistres et enqueteurs de risques avec une identification unique pour chacun. expert Iryo kusanyirizo rigomba kujyanishwa n’igihe nibura buri mezi atatu. The data base shall be updated at least on three months basis. La base de données doit être actualisé au moins une fois par tois (3) mois. Ikusanyirizo rigomba nibura kugaragaza: The database shall contain at a minimum: La base de données doit contenir au minimum: 1° numero imuranga yihariye; 1° a unique ID; 1° identification unique; 68 Official Gazette no. 33 of 26/08/2019 2° nomero y’indangamuntu cyangwa ya 2° ID number or passport number; 2° numéro d'identification ou numéro de pasiporo ; passeport; 3° amazina n’amakuru yuzuye y’aho 3° names and full contact details; 3° noms et coordonnées complètes; abarizwa ; 4° igitsina ; 4° gender; 4° le gender; 5° igihe yatangiriye akazi/itariki 5° date of recruitment/date of initial yahereweho icyemezo cya mbere ; license; 5° date de l’agrément initial; recrutement/date de 6° abakiriya yazaniye umwishingizi n’amafaranga umwishingizi yinjije yinjijwe amukuyeho/amafaranga nyuma agaciro yo k’ibyangiritse ; kugena 7° umufuragiro buri yahawe kazi/amafaranga yahembewe akazi yakoze ; kuri 8° umwishingizi cyangwa umwishingizi w’abishingizi yakoreye mbere (iyo ahari) mu bwishingizibasanzwe; bahuza ku 6° acquired business and amount the them/the insurer acquired money saved after loss adjustment; from 7° commission for acquired/fees for rendered service each business 6° les affaires acquises et le montant d’argent que lassureur a gagné d’elles/le montant de l’argent sauvé après l’evaluation des dommages; 7° commission pour chaque affaire acquise/ les frais de service rendu ; 8° previous insurers or reinsurer( if any) 8° assureurs ou réassureur antérieurs (le for agents; cas échéant) pour les agents; 9° amashuri yize yerekeranye n’umwuga; 9° professional qualification; 9° qualification professionnelle ; 10° inshuro yahuguwe; 10° frequency of training; 10° la fréquence de formations ; 11° amashuri yize. 11° academic qualification. 11° qualification académique. 69

Ingingo ya 72: Ibyerekeye gutanga raporo Article 72: Reporting requirements Article 72: Exigences en matière de rapport UMUTWE WA IHANAGURABUSEMBWA Igihe ya Ingingo ihanagurabusembwa bikorwamo 73: X: CHAPTER X: REHABILITATION CHAPITRE X: REHABILITATION gusaba Ingingo ya 72: Ibyerekeye gutanga raporo Article 72: Reporting requirements Article 72: Exigences en matière de rapport Official Gazette no. 33 of 26/08/2019 Buri mwishingizi cyangwa umwishingizi w’abishingizi agomba gushyikiriza Banki Nkuru amakuru yerekeye imirimo u’ubuhuza, buri gihembwe ariko bitarengeje iminsi cumi n’itanu (15) y’ukwezi gukurikiyeho. Every insurer or reinsurer shall, at the end of every calendar quarter and not later than 15th day of the next month, submit to the Central Bank information on insurance intermediary. À la fin de chaque trimestre civil et au plus tard le 15 du mois suivant, chaque assureur ou réassureur trasnmet à la Banque Centrale les informations l'intermédiaire d'assurance. relatives à Iyo raporo igomba kugaragaza: That report must indicate: Ce rapport doit indiquer: 1° urutonde n’igihe rujyanishijwe rw’abahuza mu bwishingizi bakorana nabo; 2° amafaranga yazanywe na buri muhuza mu bwishingizi usanzwe cyangwa umuhuza mu bwishingizi wigenga; 1° an updated list for every category of 1° une intermediary it works with; liste actualisée pour chaque avec d’intermédiaires catégorie lesquels il travaille; 2° amount of business that were brought in by an individual agent, or insurance broker; 2° le montant des affaires introduites par un agent individuel ou un courtier d'assurance; 3° igipimo cy’umufuragiro; 3° commission rates; 3° les taux de commission ; 4° ingano y’umufuragiro wishyuwe buri muhuza usanzwe cyangwa wigenga mu bwishingizi; 4° amount of commission paid to each agent, in insurance or reinsurance or to an insurance broker; 4° le montant de la commission payé à chaque agent en assurance ou réassurance ou courtier d’assurance; agaciro 5° amafaranga yishyuwe impuguke mu k’ibyangiritse kugena n’ayishyuwe mu kwishyuriza abishyuza, n’impuguke mu kugena agaciro k’ibishobora kwangirika; impuguke 6° umubare w’ibyagenewe n’impuguke mu kugena k’ibyangiritse amafaranga agaciro agaciro (hagaragazwa kwishyurwa usaba 5° service fee for loss adjuster, loss assessor or risk surveyor; 5° frais de service pour chaque expert évaluateur de dommages, expert evaluateur de sinistre et enquêteurs de risques; 6° number and amount of assessed claims by loss adjuster (money claimed and the money paid after loss adjustment); 6° nombre et montant des sinistres évalués par expert en sinistre (argent après et réclamé ajustement de sinistre); argent versé 70 yishyuje n’amafanga yishyuwe nyuma y’akazi agaciro k’ugena k’ibyangiritse); 7° umubare w’ugusaba kwishyurwa ndetse n’umubare w’amafaranga umukiriya yishyurijwe n’ impuguke mu kwishyuriza abishyuza; 8° ibyerekeye uburiganya, cyangwa indi myitwarire n’imigirire bidahwitse byahungabanya urwego rw’ubwishingizi kuri buri muhuza. Official Gazette no. 33 of 26/08/2019 7° number of the claims and amount won for the client by a loss assessor; 7° nombre de réclamations et montant gagné pour le client par un évaluateur de sinistres; 8° incidents of frauds or any other misconduct/malpractice that is likely to cause harm insurance to business for each intermediary. the 8° incidents de fraude, toute autre faute ou faute professionnelle susceptible de nuire aux activités d'assurance pour chaque intermédiaire. UMUTWE WA IHANAGURABUSEMBWA X: CHAPTER X: REHABILITATION CHAPITRE X: REHABILITATION Ingingo Igihe ihanagurabusembwa bikorwamo 73: ya gusaba

Article 73: Time rehabilitation for application for 73: Article réhabilitation Délai de demande de Ingingo ya ubusembwa 74: Gusaba guhanagurwaho Article 73: Time rehabilitation for application for Article 73: Délai de demande de réhabilitation cyangwa Umuhuza uwo ari we wese wirukanywe na Banki akirukanwa Nkuru n’umwishingizi umwishingizi cyangwa w’abishingizi kubera ikosa cyangwa imigirire idahwitse mu rwego rw’imari ku buryo aba atagifite ubunyangamugayo n’ubushobozi ashobora guhanagurwaho ubusembwa na Banki Nkuru nyuma y’imyaka itanu ahawe igihano. Guhanagurwaho ubusembwa kubera ikindi gihano kitari ukwirukanwa bikorwa nyuma y’imyaka itatu (3) uhereye igihe igihano cyarangirijwe, iyo cyatanzwe, cyangwa nyuma Any intermediary who was revoked by the Central Bank, or dismissed by insurer or reinsurer due to a financial fault/misconduct in a financial sector in such a manner that he/she is no longer fit and proper may be rehabilitated by the Central Bank 5 years after the sanction. Toute intermédiaire qui a été révoqué par la Banque Centrale, ou licencié par un assureur ou réassureur en raison d'une faute / inconduite financière dans un secteur financier de telle manière qu'il / elle ne remplit plus les critères d’intègrité et de compétence peut être réhabilitée par la Banque Centrale après cinq ans d’exécution de la pénalité. Rehabilitation due to a punishment other than revocation or dismissal is done three (3) years after the execution of a sanction where La réhabilitation après la punition autre que la révocation ou le renvoi fait trois (3) ans après l'exécution de la peine, le cas échéant, ou après que la cause qui le fait ne pas cremplir les 71 y’iyo myaka uhereye igihe udafite imenyekanye. ubuyangamugayo impamvu ituma aba n’ubushobozi amakosa gusaba Uwasubiriye guhanagurwaho ubusembwa nyuma y’imyaka 10 yirukanwe cyangwa ashobora igihano. ahawe ikindi Official Gazette no. 33 of 26/08/2019 applicable or after the cause that makes him/her not fit and proper is known. critères d’intégrité et de compétence est connue. A receidivist can only apply for rehabilitation 10 years after the dismissal or after the imposition of another sanction. la récidiviste ne peut postuler à Un réhabilitation qu’après 10 ans de la sanction ou après l’imposition d’une autre anction. ya Ingingo ubusembwa 74: Gusaba guhanagurwaho

Article 74: Application for rehabilitation Article 74: Demande de réhabilitation Ingingo ya guhanagura ubusembwa 75: Ibigenderwaho mu Article 74: Application for rehabilitation Article 74: Demande de réhabilitation guhanagurwaho Gusaba Guverineri wa Banki Nkuru mu nyandiko. ubusembwa bisabwa Application for rehabilitation is addressed to the Governor of the Central Bank in writing. La demande de réhabilitation est addressée au Gouverneur de la Bank Centrale par écrit. Ingingo ya guhanagura ubusembwa 75: Ibigenderwaho mu

Article 75: Criteria for rehabilitation Article 75: Critères pour réhabilitation Article 75: Criteria for rehabilitation Article 75: Critères pour réhabilitation Gusaba guhanagurwaho ubusembwa bigomba kugaragaza ko: Application demonstrate that: for rehabilitation must La demande de réadaptation doit démontrer que: 1° 2° yishyuye indishyi usaba yasubije byategekwqa iby’abandi n’urukiko; cyangwa nku’ko 1° the applicant paid damages or restituted any property ordered by the court; 1° le requérant a payé des dommages- intérêts ou a fait réstitution des biens comme ordonné par le tribunal; yakomeje myiza usaba imyitwarire cy’irangiza-gihano yaho ; ndetse kugaragaza gihe mu nyuma na 2° the applicant has shown continued good behavior and there is no adverse information during and after the punishment; 2° le requérant a montré de bon comportement continu et il n'y a pas d'informations défavorables pendant et après la sanction; 3° usaba yishyuye yategetswe kwishyura nk’ igihano; amafaranga 3° the applicant paid the sum imposed as pecuniary sanction; 72 3° le requérant a payé des sommes sanction tant que imposées en pécuniaire; Official Gazette no. 33 of 26/08/2019 4° usaba yarangije igihano cyo mu rwego rw’ubutegetsi nk’uko cyatanzwe na Banki Nkuru; 4° applicant executed all administrative sanction imposed by the Central Bank; 4° le demandeur s'est conformé à la sanction administrative imposée par la Banque Centrale; 5° usaba yashyize muri dosiye isaba idosiye uburyo igaragaza yirukanywemo cyangwa ibindi bihano yahawe; 5° the applicant included in the application file the document under which he/she was dismissed or other penalty was imposed; 5° le requérant a inclus dans le dossier de la demande les documents en vertu desquels il a été révoqué ou autre anction sanctionnété infligée; 6° ikindi Bank Nkuru yasanga ari 6° any other requirement that the Central 6° toute autre exigence que la Banque ngombwa. Bank may deem necessary. Centrale peut juger nécessaire.

Ingingo ya 76: Ihanagurabusembwa Article76: Rehabilitation Article 76 : Réhabilitation Ingingo ya wahamijwe icyaha 77: Ihanagurabusembwa ku Ingingo ya 76: Ihanagurabusembwa Article 76: Rehabilitation Article 76 : Réhabilitation Nkuru ishobora Banki gutanga ihanagurabusembwa iyo, nyuma yo kugisha ikosa ibigo bireba ku byerekeye inama ryatumye habaho kwirukanwa cyangwa guhabwa ikindi gihano isanze nta shiti ko usaba yicuza kandi akaba yaragaragaje imyitwarire myiza kandi yujuje ibigenderwaho mu guhanagura ubusembwa bivugwa muri aya mabwiriza. The Central Bank may grant rehabilitation if, after receiving the opinion of all relevant institutions about misconduct/fault, which resulted into dismissal or into the imposition of another penalty it is satisfied that the concerned applicant has demonstrated remorse and good behavior and meet all the criteria enumerated under this regulation. cencernées La Banque Centrale peut accorder la réhabilitation si après la reception de l’avi des des à institutions fautes/inconduites qui ont la révocation ou à l’imposition d’une autre sanction elle est convaincue que, le demandeur concerné a fait preuve de remords et de bons comportements et repond au critères enumereé dans ce règlement. l’egard resulté à Banki Nkuru ifite uburenganzira bwo gutanga cyangwa kudatanga ihanagurabusembwa. The Central Bank reserves the exlusive rights to grant or to deny rehabilitation. La Banque Centrale se réserve de droit exclusif d’octroi ou de réfus de réhabiliatation.

Article 77: Rehabilitation of a convict Article 77: Réhabilitation d'un condamné Ingingo ya 77: Ihanagurabusembwa ku wahamijwe icyaha Article 77: Rehabilitation of a convict Article 77: Réhabilitation d'un condamné Guhanagurwa ubusembwa kw’abahamijwe ibyaha hubahirijwe amategeko agenga imiburanishirize y’imanza nshinjabyaha. gukorwa n’inkiko Rehabilitation of persons convicted by criminal courts is done in accordance with the provisions of the code of criminal procedure. La réhabilitation des personnes condamnées par des tribunaux pénaux se fait conformément aux dispositions du code de la procédure pénale. 73 Official Gazette no. 33 of 26/08/2019

Ingingo ya 78: Gusesa ihanagurabusembwa Article 78: Revocation of rehabilitation Article 78: Révocation de la réhabilitation UMUTWE WA XI: ZINYURANYE N’IZISOZA INGINGO CHAPTER XI: MISCELLANEOUS AND FINAL PROVISIONS CHAPITRE DIVERSES ET FINALES XI: DISPOSITIONS Ingingo ya 78: Gusesa ihanagurabusembwa Article 78: Revocation of rehabilitation Article 78: Révocation de la réhabilitation Ihanagurabusembwa ntirikuraho igihano gusa ahubwo risubizaho n’ uburenganzira bwose bwari bwarambuwe. Rehabilitation shall extinguish not only a penalty but also all the deprivation of rights. La réhabilitation efface la condamnation et fait cesser pour l’avenir toutes les incapacités qui en résultent. Icyakora, riherako ihanagurabusembwa rikurwaho iyo mu gihe cy’imyaka itatu (3), uwari wararihawe akoze, andi makosa mu rwego rw’imari. However, rehabilitation shall be automatically revoked if, within a period of three (3) years, the person granted rehabilitation commits a financial misconduct in a financial sector. Toutefois, la réhabilitation est révoquée de plein droit si la personne réhabilitée comet, dans les trois (3) ans, une faute qualifiée inconduite financière. Igihe ihanagurabusembwa rikuweho, rifatwa nk’iritarigeze ritangwa. In case of revocation, rehabilitation shall be as if it had never been granted. En cas de révocation, la réhabilitation est été comme n’ayant considérée accordée. jamais UMUTWE WA XI: ZINYURANYE N’IZISOZA INGINGO CHAPTER XI: MISCELLANEOUS AND FINAL PROVISIONS CHAPITRE DIVERSES ET FINALES XI: DISPOSITIONS

Ingingo ya 79: Ibihano byo mu rwego rw’ubuyobozi Article 79: Administrative sanctions Article 79: Sanctions administratives 11 Official Gazette no. 33 of 26/08/2019 Ingingo ya 79: Ibihano byo mu rwego rw’ubuyobozi Article 79: Administrative sanctions Article 79: Sanctions administratives usanzwe, Banki Nkuru ishobora guhana umuhuza mu bwishingizi umuhuza mu bwishingizi wigenga, impuguke mu kugena impuguke mu agaciro kwishyuriza abishyuza cyangwa impuguke mu kugena agaciro k’ibishibora kwangirika iyo ananiwe kubahiriza ibisabwa n’aya mabwiriza. k’ibyangiritse, The Central Bank may impose a sanction to an insurance agent, loss adjuster, loss assessor or risk surveyor for failure to comply with this regulation. insurance broker, courtier La Banque Centrale peut sanctionner un agent d’assurance, un évaluateur de dommages , expert évaluateur de sinistres ou enquêteur des risques en cas de non-respect de cette réglement. d'assurance, Ibihano bishobora abavugwa mu gika kibanziriza iki: bikurikira gufatirwa The following sanctions can be imposed on the persons specified in the preceding paragraph: Les sanctions suivantes peuvent être infligées aux personnes spécifiées dans le paragraphe précédent: 74 Official Gazette no. 33 of 26/08/2019 1° guhagarikwa byagateganyo gukora 1° temporary suspension from practicing 1° suspension temporaire de l'exercice de umwuga; the profession; la profession; 2° guhagarikwa kugaba amashami 2° suspension of branching or establishing cyangwa gushyiraho ibindi biro; other offices; 2° suspension du établissement d'autres bureaux; branchement ou 3° gutegekwa kongera imari shingiro igihombo hakurweho kugirango gishobora kubaho; 4° kubuzwa kugurisha service z’ubwishingizi nshya cyangwa; 3° requiring additional capital injection to absorb probable losses; 4° prohibition against selling new or and insurance products certain services; 3° demande d’injection supplémentaire pour absorber pertes probables; de capital les 4° interdiction de vendre nouveaux ou services produits et certains d'assurance; 5° gutegekwa ko habaho amahugurwa; 5° requiring training or taking refresher 5° nécessitant une formation ou des cours courses; de recyclage; 6° guhagarika kwirukanwa y’ubutegetsi bakuru; cyangwa kw’abagize cyangwa cyangwa inama abayobozi 6° suspend or dismiss directors or senior 6° suspendre ou managers; administrateurs dirigeants; révoquer les ou les cadres 7° izindi ngamba Banki Nkuru yabona ko 7° any other action as the Central Bank 7° toute autre action que la Banque zikwiye. may deem appropriate. centrale jugera appropriée.

Ingingo ya 80: Ibihano by’amafaranga Article 80: Pecuniary sanctions Article 80: Sanctions pécuniaires Ingingo ya 80: Ibihano by’amafaranga Article 80: Pecuniary sanctions Article 80: Sanctions pécuniaires Haseguriwe n’amategeko ibiteganywa mpanabyaha akirikizwa mu Rwanda, amakosa n’imigirire idahwitse bihanishwa ibihano byo mu rwego rw’amafaranga nk’uko Umugereka 4 ubigaragaza. Without prejudice to the provisions of the criminal laws applicable in Rwanda, the faults and malpractices specified in the Appendix 4 shall be sanctioned with a pecuniary penalty as set on same appendix. Sans préjudice des dispositions du droit pénal applicable au Rwanda, les fautes et fautes professionnelles ennoncées dans l’Annex 4 sont sanctionnées par les penaltés indiquées à la même annex. 75 Official Gazette no. 33 of 26/08/2019

Ingingo ya 81: Ingingo zikuraho Article 81: Repealing provisions Article 81 : Dispositions abrogatoires Ingingo ya 81: Ingingo zikuraho Article 81: Repealing provisions Article 81 : Dispositions abrogatoires Amabwiriza N° 06/2009 yo kuwa 29/07/2009 ku iyemezwa n’ibindi bisabwa ku bahuza zose n’izindi b’ubwishingizi zinyuranyije n’aya mabwiriza zikuweho. ngingo Regulation Nº 06/2009 of 29/07/2009 on licensing requirements and other requirements for insurance intermediaries and all previous provisions contrary to this Regulation are hereby repealed. Règlement Nº6/2009 du 29/07/2009 relatif aux conditions d‟agrément et autres conditions requises pour intermédiaires d’assurance et toute autre disposition contraire à ce présent Règlement sont abrogés.

Ingingo ya 82: Ingingo z’inzibacyuho Article 82: Transitional period Article 82: Période de transition Ingingo ya 82: Ingingo z’inzibacyuho Article 82: Transitional period Article 82: Période de transition Umuntu utujuje ibisabwa byerekeye amashuri asabwa n’aya mabwiriza igihe ahawe cy’imyaka itanu ngo abe abyubahirije. Any person concerned who does not fulfil the academic requirements as required under this Regulation is given a transitional period of 5 years for compliance. Toute personne concernée qui ne remplit pas les conditions académiques et requises par le présent règlement est accordé une période de transition de cinq ans à compter de cette date.

Ingingo ya 83: Igihe aya mabwiriza atangira gukurikizwa Article 83: Commencement Article 83: Entrée en vigueur 12 Official Gazette no. 33 of 26/08/2019 [614]/2019 AMABWIRIZA RUSANGE Nº 4230 /2019 – 00026 02/07/2019 YEREKEYE IBIGENDERWAHO MU KWEMERERA N’IBINDI BISABWA ABAHUZA MU BWISHINGIZI OF REGULATION Nº 4230 /2019 - 02/07/2019 REQUIREMENTS CONDITIONS INTERMEDIARIES AND FOR ON 00026[ 614 ] LICENSING OTHER INSURANCE - Nº 4230 02/07/2019 00026[614] REGLEMENT AUX DU CONDITIONS ET AUTRES EXIGENCES REQUISES POUR INTERMEDIAIRES D’ASSURANCE /2019 RELATIF D’AGREMENT Ishingiye ku Itegeko N° 48/2017 ryo ku wa 23/09/2017 rigenga Banki Nkuru y’u Rwanda cyane cyane mu ngingo zaryo, iya 6, 8,9,10 n’iya 15; Pursuant to Lawss N° 48/2017 of 23/09/2017 governing the National Bank of Rwanda especially in its articles 6, 8, 9, 10 and 15; Vu la loi N° 48/2017 du 23/09/2017 régissant la Banque Nationale du Rwanda, notamment en ses articles 6, 8, 9, 10 et 15; Ishingiye ku Itegeko Nº 52/2008 ryo ku wa 10/09/2008 imitunganyirize y’umurimo w’ubwishingizi cyane cyane mu ngingo zaryo za 39, 40, 41, 42 n’iya 54; rigenga Pursuant to the Law Nº 52/2008 of 10/09/2008 governing insurance the organization of business, especially in its articles 39, 40, 41, 42 and 54; Vu la loi N° 52/2008 du 10/09/2008 portant organisation de l’activité d’assurance, en particulier en ses articles 39, 40, 41, 42 et 54 ; Isubiye ku Mabwiriza N°06/2009 yo kuwa 29/07/2009 ku iyemezwa n’ibindi bisabwa ku bahuza b’ubwishingizi; isoko Imaze kubona ko hakenewe uburyo bwo kubungabunga ry’umurimo w’ubwishingizi rikora neza, rikorera mu mucyo, ryizewe kandi ritajegajega no guteza imbere imyitwarire myiza y’abahuza mu bwishingizi, bagira uruhare rukomeye mu gukoreshwa nk’inzira yo gukwirakwiza serivisi z’ubwishingizi, Banki Nkuru y’ u Rwanda muri aya mabwiriza yitwa «Banki Nkuru» itegetse: Having reviwed Regulation Nº 06/2009 of 29/07/2009 on licensing requirements and other insurance intermediaries; requirements for Considering the need to maintain an efficient, fair, safe and stable insurance market in the country and to foster good conduct among insurance intermediaries, which serve as important distribution channels of insurance, the National Bank of Rwanda herein referred to as “Central Bank”, decrees: 13 Revu le Règlement Nº6/2009 du 29/07/2009 relatif aux conditions d’agrément et autres conditions intermédiaires d’assurance ; requises pour Considérant la nécessité de maintenir un marché de l'assurance efficace, equitable, sûr et stable dans le pays et de favoriser le bon comportement des intermédiaires d'assurance, qui constituent d'importants canaux de distribution de la Banque Nationale du Rwanda, ci-après dénommée « Banque Centrale », édicte: l'assurance, Official Gazette no. 33 of 26/08/2019 UMUTWE WA MBERE: RUSANGE INGINGO CHAPTER PROVISIONS ONE: GENERAL CHAPITRE PREMIER: DISPOSITIONS GENERALES Ingingo ya 83: Igihe aya mabwiriza atangira gukurikizwa Article 83: Commencement Article 83: entrée en vigueur Aya mabwiriza atangira gukurikizwa uhereye itariki atangarijweho mu Igazeti ya Leta ya Repubulika y’u Rwanda. This regulation shall come into force on the date of its publication in the Official Gazette of the Republic of Rwanda. Le présent règlement entre en vigueur à la date de sa publication au Journal officiel de la République du Rwanda. Kigali ku wa 02/07/2019 Kigali, on 02/07/2019 Kigali, le 02/07/2019 (sé) RWANGOMBWA John Guverineri (sé) RWANGOMBWA John Governor (sé) RWANGOMBWA John Gouverneur 76 Official Gazette no. 33 of 26/08/2019 APPENDIX 1 OF REGULATION REGULATION Nº4230 /2019 – 00026 [614] 02/07/2019 ON LICENSING REQUIREMENTS AND OTHER CONDITIONS FOR INSURANCE INTERMEDIARIES APPLICATION FOR LICENSE/RENEWAL OF LICENCE AS AN INSURANCE BROKER The Governor, Central Bank of Rwanda P.O Box 531, KIGALI address/ telephone/email. 1. I, the undersigned, acting as principal/promoter/in the capacity of duly authorised agent on behalf of ……………………………, a Company incorporated under the Companies Law of Rwanda ("the principal"), hereby apply for a licence in terms of the Law governing the organization of insurance Business , to engage in insurance broker’s business. 2. I submit the documentation specified in article …………….. of the regulations N° …../2019 on licensing and other requirements for insurance intermediaries. ……………………… ……………………… Date Applicant’ Signature Applicant’s ………………………………………………………………………………………………………………………......……………………………………… ………………………………….…………………………… ……………………......………………………………………….. Certification and Undertaking I, the undersigned, …………………………….. hereby certify that all information contained in and accompanying this application is complete and accurate to the best of my knowledge and belief. I undertake to forthwith notify the Central Bank, of any material change in the particulars of this application. Sworn at …………….. this …......day of …………………20…… _______________________ _______________________ Signature of Deponent Principal/ Promoter/Agent Deponent understands the contents of this declaration. Before me, ___________________________ NOTARY FOR OATH address/telephone/email. Principal’s 77 Official Gazette no. 33 of 26/08/2019 ATTACHMENT 1 - INFORMATION SHEET ( For the Applicant company or qualifying corporate shareholders) 1. Name and address of the company ………………………………………………………………………………………………… ………………………………………………………………………………………………… 2. Former name(s) (if any) by which the applicant has been known: ………………………………………………………………………………………………… 3. Any name the applicant proposes to use for purposes of or in connection with any business carried on by it, including any name the applicant is or will be obliged to disclose in connection with any business carried on by it by virtue of applicable business registration requirement. …………………………………………..……………………………………………………… 4. Principal brokerage business activities. …………………………………………………………… 5. Head/main office: …………………………………..…………………………………………… (a) Address: ………………………………………………………………………………………… (b) Telephone/Fax No: ………………………………………………………………………………..… (c) Email/Web-site ……………………………………………………………………………………... 6. Management: (1) Board of Directors Name: Designation Present term No. of years as board member …………… …………… …………… ……………… …………… …………… …………… ……………… …………… …………… …………… ……………… (2) Board Committees Name and purpose of committee(s): Name of members: ………………………………… …………………………. ………………………………… …………………………. ………………………………… ………………………… (3) Officers: Name: Position: No. of years as officer ………………ss… ………………… ……………………… 78 ………………… ………………… ……………………… ………………… ………………… ……………………… Official Gazette no. 33 of 26/08/2019 7. Ownership Profile: Name Country of Residence Paid up capital % citizenship 1. ………… ……………… …………… ……………… ……… 2. ………… ……………… …………..… ……………… ……… 3. ………… ……………… …………..… ……………… ………. 4. ………… ……………… ……………… ……………… ………. 8.Other shareholders owing less than 5% (Number………………) TOTAL ……………… ……….. 9. Shareholding in any other Financial Institutions Name of shares owned % of Institution amount number capital …………………… … …………… … …………… …………… …………………… … …………… … …………… …………… …………………… … …………… … …………… …………… 10. The following information and documentation must be attached to the application. Statements showing– (a) A list of all insurers with whom an insurance broker holds brokerage agreements; (b) Personal Declaration Form for each individual qualifying shareholder, director and manager and Information Sheet for each qualifying corporate shareholder; (c) Documentary evidence of paid up capital. (d) Certified copies of Memorandum and Articles of Association and a copy of certificate of incorporation (if new applicant) (e) Certified copy of the resolution of the board of directors authorising the Application. (f) The business plans and financial plans for at least three years; (g) For foreign Applicants, the Application shall be accompanied by a statement from the home supervisory authority, certifying the approval of establishing a subsidiary in Rwanda (h) The last audited accounts (including those of all subsidiary companies). (i) Proof of Professional indemnity. 79 Official Gazette no. 33 of 26/08/2019 DECLARATION We certify that we have read the provisions of Insurance Law on intermediaries. We are aware under the terms of this Regulation and other elevant legal and regulatory instruments that we should not knowingly or recklessly provide to the Central Bank or any other person any false or misleading information in connection with the application for a licence under this Regulation. We certify that all the information contained in and accompanying this form is complete and accurate to the best of our knowledge. We undertake to inform the Central Bank of any material changes to the application which arise while the Central Bank is considering the application. We recognise the institution’s obligation to provide the Central Bank with any information in our possession relevant to the exercise to its functions under the Insurance Law. Consistent with this obligation, we undertake, in accordance with this Regulation and when we are granted a license under the Insurance Law, that we will notify the Central Bank of any material changes to, or affecting the completeness or accuracy of the answers to the questions facts above as soon as possible as required by relevant Regulations. Sworn at Kigali this …………………day of ……………………… 1. Name Position held:…...………………………… ……………………………… 2. Signed Date: ………………………… ……………………………… 1. Name Position held: ………………………… ……………………………… 2. Signed Date: ………………………… ……………………………… ___________________________________________________________________________ The Deponent understands the contents of this affidavit. Before me, ………………………………… NOTARY FOR OATHS 80 Official Gazette no. 33 of 26/08/2019 N:B: 1. All sections of this form must be filled. 2. If any space provided is inadequate, the required information or data needed may be supplied as an attachment. 3. All attachments should be labelled using the relevant section requiring the attachment. ATTACHMENT 2 - PERSONAL DECLARATION FORM [For individuals who are, or are proposing to become directors, managers or qualifying shareholders of an insurance broker] Name and capacity of person making this declaration: 1. Name of institution in connection with which this form is being filled (“the institution”) ………………………………………………………………………………………………… ………………………………………………………………………………………………… 2. Full names:………………………………….…………………………………………… 3. Former surname(s) and /or forenames by which you may have been known: ………………………………………………………………………………………………… 4. Please state the capacity under which you are completing this form, i.e. as a current or prospective director, or manager or any combination of these, qualifying shareholder. Please state your full title and describe the particular duties and responsibilities attaching to the position(s), which you hold or will hold. If you are completing this form in the capacity of director, indicate whether, in your position as director, you have or will have executive responsibility for the management of the institution’s business. In addition, please provide a copy of your curriculum vitae. ………………………………………………………………………………………………… ………………………………………………………………………………………………… ……………………………………………………………………………………………… 5. Your date and place of birth: ………………………………………………………………………………………………… ………………………………………………………………………………………………… 6. (1) Citizen of:………………… (2) Resident of:…………… (Country) (Country) since: ………………………… since:……………………… (Year) (Year) 7. Addresses: (1) Present business address (Rwanda since……………) (Outside Rwanda since...……) ……………………………… …………………………… 81 Official Gazette no. 33 of 26/08/2019 ……………………………… …………………………… (2) Present residential address: (Rwanda since…………...…) (Outside Rwanda since………) ……………………………… …………………………… ……………………………… …………………………… ……………………………… …………………………… (3) Last two addresses in Rwanda, if any, during the past ten (10) years: (since………………………) (since………………………) ……………………………… …………………………… ……………………………… …………………………… ……………………………… …………………………… 8. Professional & academic qualifications: Particulars Year obtained ……………………………… …………………………… ……………………………… …………………………… ……………………………… …………………………… (1) Highest academic qualification ……………………………… …………………………… ……………………………… …………………………… ……………………………… …………………………… (2) Special awards or honours(if any) ……………………………… …………………………… ……………………………… …………………………… (3) Training courses and seminars ……………………………… …………………………… ……………………………… …………………………… (4) Membership in professional bodies ……………………………… …………………………… ……………………………… …………………………… 9. Occupation or employment (present or most recent and for the past ten years) Inclusive date (month &year) Name & business of employer Positions held From Year 82 Official Gazette no. 33 of 26/08/2019 ……………………………… ……………… ……...……… ……………………………… ……………… ……...……… 10. Names and address(es) of your bankers within the last 10 years ……………………………… ………………………………………………………………………………………………… ………………………………………………………………………………………………… 11.Bodies corporate (other than the institutionfor which you apply a license); where you are now a director, officer, shareholder, or manager? ……………………………………..…………………………………………………………… …...…………………………………………………………………………………………………...… 12. Bodies corporate other than the institution and those listed above where you have been a director, shareholder, controller or manager at any time during the last ten years. Give relevant dates……………………………………………………………………… …………………………………………………………………………………………………………………………………………………………………… ………………………………………………………………………………………………………………….. 13. Have you, in Rwanda or elsewhere, been dismissed from any office or employment, or subjected to disciplinary proceedings by your employer or barred from entry to any profession or occupation? If so, give details: ………………………………………………………………………………………………… ………………………………………………………………………………………………… 14. Past and present business affiliations (direct and indirect): Nature of affiliation (specify)………………………………….. (E.g. director, officer, shareholder with percentage (%) of holding) From …...to …………….(month and year) 15. Do any of the above business affiliations maintain a business relationship with the institution? If so, give particulars……………………… ……………………………………………………………………………………………………………………………………………………… 17. State whether the institution with which you are, or have been, associated as a director, officer, shareholder or manager , has ever held or applied for a licence or equivalent authorisation to carry on any business activity? If so, give particulars. If any such application was refused, or was withdrawn after it was made or any licence revoked, give details ….……………………………………………………………………………………………………………………………………………………… ………………………………………………………………………………………………………………………………………………………… 18. State whether any of your past or current employer(s) or institution in which you were affiliated as shareholder, director, officer, etc has ever been under criminal investigation, placed under receivership or administration by any regulatory body or court of law 83 Official Gazette no. 33 of 26/08/2019 .………………………………………………………………………………………………… ………………………………………………………………………………………………… ………………………………………………………………………………………………… 19. Family group: Business affiliation (State name of business and nature of affiliation i.e. director, officer, shareholder with…% holdings specified) Name: (1) Spouse: ……………………………………………………………… ………………………………………………………………. (2) Children: ………………………………………………………………. ……………………………………………………………… ………………………………………………………………. (3) Parents: ………………………………………………………………. ……………………………………………………………… (4) Brothers and sisters: ………………………………………………………………. ……………………………………………………………… ………………………………………………………………. ………………………………………………………………. 20. Have you failed to satisfy any debt adjudged due and payable by you as a judgment debtor under an order of a court in Rwanda or elsewhere, or made any compromise arrangement with your creditors within the last ten years? If so, give particulars. ………….……………………………………………………………………………………… ………………………………………………………………………………………………… ……… 21.Have you been adjudicated bankrupt by a court in Rwanda or elsewhere, or has a Bankruptcy petition ever been served on you? If so, give details. ………………………………………………………………………………………………… ………………………………………………………………………………………………… 22. Have you, in connection with the formation or management of any body corporate, partnership or unincorporated institution, been adjudged by a court in Rwanda or elsewhere, civilly liable for any fraud, misfeasance or other misconduct by you towards such body or company or towards members thereof? If so, give particulars. …………………….…………………………………………………………………………… 84 Official Gazette no. 33 of 26/08/2019 ………………………………………………………………………………………………… 23. Has any body corporate, partnership or unincorporated institution with which you are associated as a director, shareholder, controller or manager, in Rwanda or elsewhere, been wound up? Alternatively, has it ever been subjected to administrative penalties? 24. Have you ever been, with regards to the management or conduct of affairs of any institution of which you were a director, warned as to future conduct, disciplined or publicly criticized by, or made the subject of a court order by regulatory authority in Rwanda or elsewhere? If so, give details ……………………………….…………………………………………………………………………………………………………………………………… ………………………………………………………………………………………………………………………………… 25. How many shares in the institution are registered in your names or the names of a related party? If applicable, give name(s) in which registered and class of shares ………………………………………………………………………………………………… ………………………………………………………………………………………………… 26. What proportion of the voting power, at any general meeting of the institution (or another body corporate of which it is a subsidiary) are you or any related party entitled to exercise or control the exercise of ? ………………………………….…………………………………………………………… ………………………………………………………………………………………………… ………………………………………………………………………………………………… 27. Documentary requirements: (1) a certified statement of assets and liabilities; (2) latest tax compliance certificate or certified true copy of income tax returns; (3) two letters of character references from individuals other than relatives who have personally known the undersigned for at least ten years; and (4) letters, duly certified from financial institutions with whom the undersigned has had dealings for the last five years on the performance of past and present accounts. 29. If this questionnaire is submitted in connection with an application for licensing, please provide any other information which may assist the Central Bank in reaching a decision on the application. In any other case, please provide any other information, which may assist the Central Bank in deciding whether the director, shareholder, controller or manager fulfils the criteria required by Insurance law. 85 Official Gazette no. 33 of 26/08/2019 DECLARATION I certify that I have read the provisions of Insurance Law on licensing of intermediaries and I am aware that wilful or reckless provision, to the Central Bank or to any other person, of any misleading or false information, which is material in connection with the application for a licence under this Regulation, is prohibited. I certify that all the information contained in and accompanying this form is complete and accurate to the best of my knowledge, and that there are no other facts relevant to this application that I have willingly denied to reveal. I undertake to inform the Central Bank of any material changes to the application which arise while the Central Bank is considering the application. I recognize my obligation to provide the Central Bank with any information in my possession relevant to the exercise of its functions under the Insurance Law and relevant and other elevant legal and regulatory instruments. . Consistent with this obligation, I undertake in accordance with the provisions of this regulation that, in case the institution is granted a licence under the Insurance law, I will notify the Central Bank of any material changes to, or affecting the completeness or accuracy of, the answers to the questions above as soon as possible as required by relevant Regulations. Done at Kigali this …………………………………………day of ……………………………… Name Position held …………………………… ……………………………………………… Signed Date I know and understand the contents of this declaration and that I am making it under oath. Sworn at Kigali, Rwanda this ……………day of ………………………………………………………………. ………………………………… …………………………… ………………………………………………………………. Signature of deponent (Position) The Deponent understands the contents of this affidavit. Before me, …………………………………… NOTARY FOR OATHS 86 Official Gazette no. 33 of 26/08/2019 N.B: 1. All sections of this form must be filled. 2. If the space on the form is inadequate, the required information may be provided on an attachment labelled accordingly. 3. Reference shall be made to the relevant section of the form by placing the words “REFER TO ANNEX___”. 4. Information provided in this form is confidential and cannot be made available for inspection without the written consent of the Governor of the Central Bank. 87 Official Gazette no. 33 of 26/08/2019 APPENDIX 2. OF REGULATION Nº4230 /2019 - 00026[614] 02/07/2019 ON LICENSING REQUIREMENTS AND OTHER CONDITIONS FOR INSURANCE INTERMEDIARIES APPLICATION FOR TO BE APPOINTED AS ANINSURANCE AGENT BY INSURER The CEO/MD : Insurer’s name: P.O Box …..,..; I/We the undersigned, hereby apply to act as Insurance Agent of ………………………….(name of insurance company). 1. Name of individual applicant:………………………………………………… Postal address (head office):……………………………………………………… Residential address Telephone No:…………………………………E-Mail:…………… Physical address:…………………………………………………………………. Nationality: …………………………………………………………… Attach a passport size photo……………………………………………… 2. If it is a company: Name of Company:……………………………………………. Name and address of Person Representing the Company: Names and addresses directors and senior officers and their relevant experience:……………………………………. Attach a copy of the Memorandum and Articles of Association …………… 3.Classes of insurance to be transacted:……………………………………. 4. Names of the individual agents who is proposed to work with an insurer (if an applicant is a company) 5. Certificate of Competence/proficiency signed by the Chief Executive Officer of the insurance company which the agent is to represent stating that said agent is acceptable as a representative of his company. Declaration I/We declare the above particulars to be true and correct and agree to notify the intended insurer of any material alteration in the information supplied and in terms of any law in force in Rwanda. I/We further declare that I/we: a) have not been adjudged bankrupt; 88 Official Gazette no. 33 of 26/08/2019 b) have not compounded with creditors; c) have not been convicted by a court in any country of any offense involving corruption, fraud, tax evasion, money laundering, other economic and financial crimes, crime against humanity, and crime of genocide or terrorism; d)I am not an administrator, director, auditor or employee of any insurance company or insurance broker. e) I am not a loss adjuster, loss assessor or a loss surveyor. Date……………………………………… Signed……………………….. I know and understand the contents of this declaration and that I am making it under oath. Sworn at Kigali, Rwanda this ……………day of ……………………………………………… Signature of deponent (Position) The Deponent understands the contents of this affidavit. Before me, …………………………………… NOTARY 89 Official Gazette no. 33 of 26/08/2019 APPENDIX 3 OF REGULATION Nº4230 /2019 - 00026[614] 02/07/2019 ON LICENSING REQUIREMENTS AND OTHER CONDITIONS FOR INSURANCE INTERMEDIARIES APPLICATION FOR LICENCE/RENEWAL OF LICENCE AS A LOSS ADJUSTER, LOSS ASSESSOR, LOSS SURVEYOR The Governor, Central Bank of Rwanda P.O Box 531, KIGALI I/We the undersigned, hereby apply for license in terms of Insurance Law, to act as a loss adjuster, loss assessor, loss surveyor (tick what is relevant to you) 1. Name of individual applicant:…………………………………………………… Postal address (head office):……………………………………………………… Residential address Telephone No:…………………………………E-Mail:…………… Physical address:…………………………………………………………………. Nationality: …………………………………………………………… Attach a passport size photo………………………………………………… 2. If it is a company: Name of Company:……………………………………………. Name and address of Person Representing the Company: Names and addresses of qualifying shareholders and their shareholdings:………………… Names and addresses of directors, managers and external auditors and their relevant experience; Attach a copy of the Memorandum and Articles of Association …………………. 3. Classes of insurance to be transacted:……………………………………. 4. Name of insurer represented:………………………………………… Declaration I/We declare the above particulars to be true and correct and agree to notify the Central Bank of any material alteration in the information supplied and in terms of any law in force in Rwanda. 90 Official Gazette no. 33 of 26/08/2019 I/We further declare that I/we: f) have not been adjudged bankrupt; g) have not compounded with creditors; h) have not been convicted by a court in any country of any offense involving corruption, fraud, tax evasion, money laundering, other economic and financial crimes, crime against humanity, and crime of genocide or terrorism; i) am/we not an administrator, director, auditor or employee of any insurance company or insurance broker. Date……………………………………… Signed……………………….. I know and understand the contents of this declaration and that I am making it under oath. Sworn at Kigali, Rwanda this ……………day of ……………………………………………… ………………………………… Signature of deponent (Position) The Deponent understands the contents of this affidavit. Before me, …………………………………… NOTARY 91 APPENDIX 4 OF REGULATION Nº4230 /2019 - 00026[614] 02/07/2019 ON LICENSING REQUIREMENTS AND OTHER CONDITIONS FOR INSURANCE INTERMEDIARIES Official Gazette no. 33 of 26/08/2019 Name of Insurance broker :…………………………………… Balance sheet as at Quarter ended: ………………………….. Due Date: Within 21 days from end of reference quarter CURRENT QUARTER Rwf ('000) PREVIOUS QUARTER ('000) Rwf 1 2 ASSETS1 Cash and deposits in banks Receivables from insurers Loans and other receivables Investments Land and buildings Motor vehicles Office furniture & equipment Intangible assets Other assets TOTAL ASSETS LIABILITIES Borrowings Due to insurers Dividend payable Other liabilities TOTAL LIABILITIES 3 CAPITAL & RESERVE Paid-up capital 1 Please provide more details on your accounts where necessary 92 Official Gazette no. 33 of 26/08/2019 Share premiums Retained earnings Profit/Loss summary Other reserves Total Capital & Reserve Certified correct: Chief Financial Officer Chief Executive Officer (Name & signature) (Name & signature) Name of Insurance broker :…………………………………… Income statement as at Quarter ending: Due Date: Within 21 days from end of reference quarter CURRENT QUARTER Rwf ('000) PREVIOUS QUARTER Rwf ('000) 1 REVENUES (a) Commissions received Fees Other insurance related income Other income TOTAL REVENUES REVENUES (a) 2 EXPENSES (b) Commissions paid Administration expenses Other insurance related expenses Other expenses 93 Official Gazette no. 33 of 26/08/2019 3 NET INCOME (a - b) Corporate income tax Net income after tax Certified correct: Chief Financial Officer Chief Executive Officer (Name & signature) (Name & signature) 94 Official Gazette no. 33 of 26/08/2019 UMUGEREKA WA 5 W’AMABWIRIZA RUSANGE Nº 4230 /2019 – 00026 [614] /2019 OF 02/07/2019 YEREKEYE IBISABWA MU KWEMERERWA N’IBINDI BISABWA ABAHUZA MU BWISHINGIZI IBIHANO BYO MU RWEGO RW’AMAFARANGA Ikosa Igihano mu mafaranga y’u Rwanda/ FRW 1. gukora nk’umuhuza nta cyemezo 2. umuhuza mu bwishingizi ukoranye ibikorwa by’uburiganya n’umwishingizi cyangwa umwishingizi w’abishingizi 5.000.000 FRW no kubuzwa gukora 1.000.000 FRW cy’uburiganya; kuri buri gikorwa 3. kutubahiriza ibisabwa ku cyemezo cyahinduwe bihanishwa; 1.000.000 FRW 4. kubona imigabane itubutse mu muhuza wigenga bitamenyeshejwe Banki Nkuru ngo inabyemeze 200.000 FRW 5. Gusaba kuvugururirwa icyemezo bikozwe bikerewe 100.000 6. Gutangira imirimo ye nk’uri mu nama y’ubutegetsi cyangwa nk’uri mu buyobozi bukuru bw’umuhuza mu bwishingizi cyangwa ubwishingizi bw’abishingizi mbere yo kubyemererwa na Banki Nkuru 50.000 FRW kuri buri uri mu nama y’ubutegetsi cyangwa umuyobozi mukuru 7. Umuhuza utangira ibikorwa by’ukwihuza kw’amasosiyete bitaramenyeshejwe Banki Nkuru ngo ibyemere 1.000.000 FRW 8. Gutanga raporo zirimo amakosa cyangwa zituzuye 50.000 FRW 9. Kutamanika icyemezo ahantu hagaragara n’amakopi yacyo aho bitegetswe 100.000 FRW 10. Kutubahiriza ibihe bitegetswe byo kwishyura amafaranga y’ubugenzuzi 100.000 11. Umwishingizi ukorana n’umuhuza utarabiherewe icyemezo 4.000.000 FRW 95 Official Gazette no. 33 of 26/08/2019 12. Umwishingizi w’abishingizi ukorana n’umuhuza utarabiherewe icyemezo 4.000.000 FRW 13. Umwishingizi ukoresha umuhuza mu bwishingizi utujuje ibisabwa 14. Umwishingizi ukoresha umuhuza mu bwishingizi usanzwe kandi bafitanye isano 15. Kudashyira mu bikorwa ibyemezo nama bya Banki Nkuru 16. Umwishingizi wishyura umufuragiro umuhuza mu bwishingizi usanzwe nta masezerano bafitanye 1.000.000 FRW kuri buri muhuza utujuje ibisabwa 1.000.000 FRW 10.000 FRW kuri buri cyemezo kuri buri munsi kidashyizwe mu bikorwa 500.000 FRW kuri buri muhuza 17. Umuhuza unaniwe gushyikiriza raporo Banki Nkuru nk’uko bisabwa n’amategeko 10.000 FRW buri munsi w’ubukererwe ndetse n’amabwiriza 18. ukunyuranya kose n’amategeko, amabwiriza rusange, amabwiriza n’ibyemezo 100.000 FRW kuri buri kosa 96 Official Gazette no. 33 of 26/08/2019 APPENDIX 5 OF REGULATION REGULATION Nº4230 /2019 – 00026 [614] 02/07/2019 ON LICENSING REQUIREMENTS AND OTHER REQUIREMENTS FOR INSURANCE INTERMEDIARIES PECUNIARY SANCTIONS 1. 2. Breach carrying out business as intermediary without license Penalty in Rwandan Francs/ FRW 5,000,000 FRW and banning the business any intermediary that colludes with insurers or reinsurer in fraudulent acts or malpractices 1,000, 000 FRW each malpractice or fraudulent act 3. failure to comply with variation or suspension of license conditions 1,000,000 FRW 4. Acquisition of qualifying shareholding of insurance broker without notification to the Central Bank and securing its approval 200,000 FRW 5. An application for license renewal which does not respect the set deadline 100,000 FRW 6. Start discharging his/her responsibilities for a directors or senior managers of an insurance broker without prior witten approval of the Central Bank. 50,000/ every director or senior manager 7. Entering megers or acquisitions transactions without notification to the Central Bank and its authorization 1,000,000 FRW 8. Submission erroneous and incomplete report 50,000 FRW 9. failure to display the license and its copies in a conspicuous and required 100,000 FRW 10. failure to observe the required deadline to pay the supervision fee 100,000 FRW 11. An insurer working with unlicensed intermediary 12. a reinsurer working with unlicensed intermediary 4,000,000 FRW 4,000,000 FRW 97 Official Gazette no. 33 of 26/08/2019 13. an insurer employing insurance agent who does not fulfil the requirements 1,000,000 FRW 14. insurer employing the insurance agents while the latter is a related party 1,000,000 FRW 15. failure to emplement the recommendations and resolutions of the Central Bank 16. An insurer paying commission to an insurance agent with who it has no agency agreement 10,000 FRW per recommendation and per day of non-compliance 500,000 FRW /each agent 17. Failing of intermediary to give the report to the Central Bank as required under 10,000 FRW for every day of delay applicable Law and Regulations 18. any other contravention with the applicable Law or Regulation, Directive and Decisions 100,000 FRW by a lilcensed intermediary 98 Official Gazette no. 33 of 26/08/2019 ANNEX 5 DU REGLEMENT Nº4230 /2019 - 00026[614] DU 02/07/2019 RELATIF AUX CONDITIONS D’AGREMENT ET AUTRES CONDITIONS REQUISES POUR INTERMEDIAIRES D’ASSURANCE PENALTÉS PÉCUNIAIRES Violation Pénalités en Francs Rwandais/FRW 1. exercer les activités en tant qu'intermédiaire sans agrément 5.000.000 FRW et l’interdiction de l’activité 2. tout intermédiaire qui collabore avec des assureurs ou des réassureurs à la suite d'actes frauduleux ou de malversations 1.000.000 FRW chaque faute professionnelle ou acte frauduleux 3. non-respect de la variation des conditions de la licence 1.000.000 FRW 4. Acquisition d'une participation qualifiée dans un courtier d'assurance sans l'accord de la Banque Centrale 200.000 FRW 5. Non-respect de la date limite requise pour la demande de renouvellement d’agrément 100.000 FRW 6. Commence à s'acquitter de ses responsabilités à l'égard des administrateurs ou des cadres supérieurs d'un courtier d'assurance sans l'accord préalable de l'autorité de réglementation. 50.000 pour chaque administrateur ou cadre supérieur 7. Saisie d'opérations d'acquisition ou d'acquisition sans notification au à la Banque Centrale et son autorisation 1.000.000 FRW 8. Soumission des rapports erronés ou incomplets 50.000 FRW 9. non-affichage de la licence et de ses copies de manière visible et obligatoire 100.000 FRW 10. non-respect du délai requis pour payer les frais de supervision 11. Un assureur travaillant avec un intermédiaire sans licence 100.000 FRW 4.000.000 FRW 99 Official Gazette no. 33 of 26/08/2019 12. un réassureur travaillant avec un intermédiaire de réassurance sans licence 4.000.000 FRW 13. un assureur employant un agent d'assurance qui ne satisfait pas aux exigences 1.000.000 FRW 14. assureur employant les agents d'assurance alors que ce dernier est une partie liée 1.000.000 FRW 15. defaut d'appliquer les recommandations et les résolutions de la Banque Centrale 16. Un assureur qui paie une commission à un agent d’assurance avec lequel il n’a pas de contrat d’agence 10.000 FRW par recommandation et par jour de non-conformité. Toutefois, aucune pénalité ne doit dépasser 2.000.000 à cet égard. 500.000 FRW pour chaque agent 17. défaut de transmettre le rapport à la Banque Centrale, comme le prévoit la loi 10.000 FRW pour chaque jour de retard applicable et le présent règlement par un intermédiaire 18. toute autre violation de la loi ou du règlement applicable par un intermédiaire, à 100.000 FRW l'exclusion des agents d'assurance 100 Official Gazette no. 33 of 26/08/2019 Bibonywe kugira ngo bishyirwe ku mugereka w’amabwiriza rusange Nº 4230 /2019 – 00026 [614]/2019 OF 02/07/2019 YEREKEYE IBIGENDERWAHO MU KWEMERERA N’IBINDI BISABWA ABAHUZA MU BWISHINGIZI – 00026 Seen to be annexed to the regulation /2019 LICENSING OTHER INSURANCE INTERMEDIARIES REQUIREMENTS REQUIREMENTS [614] 02/07/2019 Nº 4230 ON AND FOR au être pour - règlement DU annexé 00026[614] Vu /2019 RELATIF D’AGREMENT EXIGENCES INTERMEDIAIRES D’ASSURANCE Nº 4230 02/07/2019 CONDITIONS AUTRES POUR ET REQUISES AUX (sé) RWANGOMBWA John Guverineri (sé) RWANGOMBWA John Governor (sé) RWANGOMBWA John Gouverneur 101

article doit 1° icyemezo cyerekana ubudakemwa mu 1° valid tax clearance certificate; 1° attestation de non-créance fiscale misoro kigifite agaciro; valide; 2° ikimenyetso cy’uburambe bufitanye isano n’imirimo agiye gukora, iyo gihari; 2° proof of available; relevant experience, if 2° une preuve d'expérience appropriée, si disponible; 43 Official Gazette no. 33 of 26/08/2019 3° icyemezo cy’amahugurwa y’ibanze cyangwa impamyabushobozi nk’uko bisabwa n’aya mabwiriza; 3° certificate of competence or of proficiency in insurance as required under this Regulation; 3° certificat de compétence ou de grande compétence en assurance requis par le présent Règlement; 4° icyemezo cyerekana ko usaba atigeze akatirwa igifungo kingana cyangwa kirenze amezi atandatu; 4° a criminal record certificate indicating that the applicant has not been sentenced to a term of imprisonment equal to or exceeding six (6) months; 4° un casier extrait du judiciaire indiquant que le demandeur n'a pas été condamné peine d'emprisonnement égale ou supérieure à six (6) mois; une à 5° fotokopi y’indangamuntu/cyangwa 5° a copy of National Identity ya pasiporo igifite agaciro; Card/photocopy of a valid passport; 5° une copie de la carte d'identité nationale ou une photocopie d'un passeport en cours de validité; 6° ikimenyetso cy’uruhushya rumwemerera kuba mu gihugu ku banyamahanga; 6° proof of resident permit for persons other than Rwandan nationals; 6° la preuve du permis de résidence pour les autres que les personnes ressortissants rwandais; 7° icyemezo kigaragaza uko umuntu rwego imyenda mu yishyura rw’imari; aderesi 8° ku masosiyete y’ubucuruzi, amazina by’abanyamigabane, y’ubutegetsi, ndetse na abagize amayobozi n’abagenzuzi bigenga; bakuru inama 7° clean credit Reference Bureau (CRB) 7° Rapport favorable du Bureau de report; Référence sur le Crédit (CRB); 8° for companies, names and addresses of shareholders, directors, senior officers and external auditors; 8° pour les sociétés, noms et adresses des actionnaires, d’administrateurs, des cadres dirigeants et d’auditeurs externes; 9° ubwoko bw’ubwishingizi umuhuza mu bwishingizi usanzwe ashaka gukoramo; 9° insurance business intended to be 9° les activités d'assurance destinées à transacted; être traitées; 10° umwirondoro wa vuba uriho 10° current signed curriculum vitae; 10° curriculum vitae courrant signé; umukono; 44 Official Gazette no. 33 of 26/08/2019 11° inyandiko z’ubwumvikane n’amategeko ishingwa ry’isosiyete (iyo usaba ari isosiyete); yerekeye 11° memorandum of and association (if the applicant is a company); articles 11° acte constitutif (si le demandeur est une société); 12° icyemezo cy’iyandikwa (iyo usaba ari 12° certificate of incorporation (if the isosiyete); applicant is a company); 12° certificat de constitution demandeur est une société); (si le 13° ikopi y’impamyabushobozi iriho 13° copy of the certified academic 13° copie de diplôme certifiée; umukono wa noteri; credentials; 14° ubwishingizi bw’uburyozwe nk’uko 14° a professional indemnity cover as 14° la police busabwa n’aya mabwiriza; required by this Regulation; professionnelle présent règlement ; de conformément responsabilité au 15° indi nyandiko cyangwa amakuru ishobora gukenera imirimo yayo irangize Banki Nkuru kugirango neza. 15° any other document or information that the Central Bank may need in smooth execrise of its functions. 15° Tout autre document ou information dont la Banque Centrale peut avoir besoin pour bien exercer ses fonctions.