If the pledge that is given for a loan is insured and becomes subject to an accident, the creditor can request the insurer to pay compensation even if the money loaned is lesser in amount than the value of the pledged property.
Tag: Ethiopian Insurance law
COUNCIL OF MINISTERS REGULATION NO.482/2021 ESTABLISHMENT AND OPERATION OF ETHIOPIAN DEPOSIT INSURANCE FUND COUNCIL OF MINISTERS REGULATION WHEREAS, for the ongoing economic development of Ethiopia
Whereas, corporate governance gives way to balanced risk taking and enhances business prudence, prosperity and corporate accountability with ultimate objective of realizing long term shareholders’ value, as well as customers and other stakeholders interest
DUBAI, United Arab Emirates–(BUSINESS WIRE)–Ethio Life and General Insurance S.C, (ELiG) a leading composite insurer in Ethiopia, providing innovative life and non-life insurance products in
NATIONAL BANK OF ETHIOPIA LICENSING AND SUPERVISION OF INSURANCE BUSINESS Amendment to Manner and Criteria of Transacting Reinsurance Directive No. SIB/53/2020 Whereas, reinsurance is an
Source: The Doctrine of Subrogation in Ethiopian Insurance Regime: Its Significance and Applicability to Liability Insurance Geremedhn, Mawcha Abstract: The doctrine of subrogation is
LICENSING AND SUPERVISION OF REINSURANCE BUSINESS Reinsurance Company Establishment Directives No. 118/2020 WHEREAS, establishment of national reinsurance companies promotes financial resource mobilization and reduces costs