Source: Insurance, Banking & Negotiable Instruments Law Teaching Material Art 656 of the Commercial Code provides that the law shall determine the conditions under which physical persons or business organizations may carry […]
The Development of Insurance Systems: General Overview
Towards the end of the seventeenth century, London‘s growing importance as a center for trade increased demand for marine insurance. In the late 1680‘s Mr. Edward Lloyd opened a coffee house that became a popular haunt of ship owners, merchants, and ships‘ captains,
Proclamation No. 799-2013 Vehicle Insurance Against Third Party Risks proclamation
[Article] 30. Penalty Any person who violates the provision of this Proclamation or regulations issued pursuant to this Proclamation shall be punished with a fine from Birr 3,000 up to Birr 5,000 […]
Proclamation No.746-2012 Insurance Business Proclamation
[Article] 57. Penalties Unless otherwise a higher penalty is imposed by the Criminal Code: 1/ any person who contravenes the provisions of sub-article (1) of Article 3 of this Proclamation shall be […]
Recent Comments