Section 18, The Insurance Act, 2016

(1) An application to be registered as an insurer for anyclass of insurance business shall be made to the Commission in the prescribed form and shall be accompanied by– (a) a certified copy of the memorandum and articles of association or if the applicant is not domiciled in Sierra Leone, the instrument of constitution of the applicant; (b) the name, address and occupation of the directors and where the applicant is not domiciled in Sierra Leone, the full address of the principal office in Sierra Leone and the names and addresses of one or more persons resident in Sierra Leone authorised to accept any notice required to be served on the insurer; (c) a statement of the class or classes of insurance business to be done; (d) a statement duly certified by an auditor that section 28 has been complied with; (e) a statement that the amount required to be deposited under section 29 has been deposited together with a certificate from the Bank of Sierra Leone showing the amount deposited; (f) a certified copy of the published prospectus, if any, and of the standard policy forms of the insurer and statements of the assured rates, advantages, terms and conditions to be offered in connection with insurance policies: Provided that in the case of general insurance business, the Commission may exempt any insurer from the requirements regarding prospectus, forms and statements to such extent and for such period as it may think fit; 14 15 Annual Report. Financial year o f Transfer of assets and liabilities. All insurers to be registered. Failure to register not to invalidate contract. Application registration. No. 12 Insurance Act 2016No. 12 Insurance Act 201616 17 (g) the receipt showing payment in the prescribed manner of the prescribed fee which shall not be more than 1% of the gross premium for each class of insurance (h) such other documents or information as may be prescribed.