Clearance of outstanding premiums

The CIMA's council of ministers mandated companies of the area's markets to clear their outstanding premiums by 31st December 2014.

A three-year period had been given to insurers, by the circular of July 22, 2011, to conduct the operation. The timescale will come to an end by the end of this year.

Note that Central African insurance companies have been granted a one-year extension to comply with the provision, due to the socio-political situation crrently prevailing in Central African Republic.

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