Regulatory Requirements

Botswana Life Insurance Limited is licensed by the Non-Bank Financial Institutions Regulatory Authority. In performing our duties and obligations as an insurer the following key/core regulatory instruments and prudential rules are applicable:

  • Insurance Industry Act, 2015
  • Insurance Industry Regulations, 2019
  • Policyholder Protection Rules, 2019
  • Intermediary Conduct Rules, 2014
  • Non-Bank Financial Institutions Regulatory Authority Act, 2016
  • Retirement Funds Act, 2014
  • Retirement Funds Regulations, 2017
  • Financial Intelligence Act, 2019
  • Financial Intelligence Regulation, 2019
  • Electronic Payment Services Regulations, 2019
  • Consumer Protection Act, 2018
  • Counter-Terrorism Act, 2014
  • Proceeds and Instruments of Crime Act, 2014
  • Administration of Estates Act, 2008

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