Mozambique
1 regulator · 10 laws & regulations · 6 obligations · 4 enforcement actions · 2 upcoming deadlines
| Date | Entity | Regulator | Action | Penalty | Source | Summary |
|---|---|---|---|---|---|---|
| 6 May 2024 | Diamond Companhia de Seguros, SA (insurer) | ASFPM | Monetary Penalty | MZN 500,000 | official | |
Fined 500,000 meticais for not establishing the assets representing its technical provisions for the financial year ended 31 December 2022. |
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| 6 May 2024 | Arko Companhia de Seguros, SA (insurer) | ASFPM | Monetary Penalty | MZN 500,000 | official | |
Fined 500,000 meticais for not establishing the assets representing its technical provisions for the financial year ended 31 December 2022. |
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| 6 May 2024 | Phoenix Companhia de Seguros, SA (insurer) | ASFPM | Monetary Penalty | MZN 500,000 | official | |
Fined 500,000 meticais for not establishing the assets representing its technical provisions for the financial year ended 31 December 2022. The ISSM avisos page lists the insurer as Phoenix Companhia de Seguros de Moçambique, SA. |
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| 13 Dec 2023 | Companhia de Seguros da África Austral, SA (insurer) | ASFPM | Licence Action | — | official | |
The Minister of Economy and Finance decided on 13 December 2023 to revoke the insurer's authorisation, and the ISSM published the notice on 19 December 2023. The grounds were lack of the required financial guarantees (art. 24 of the Insurance Legal Regime) and failure to update share capital (art. 3 of Decreto n.º 39/2018). |
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| No enforcement actions match these filters. | ||||||