Summary
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The Insurance Proclamation No. .../2026 is a legal framework for the regulation and supervision of the insurance market in Ethiopia, aiming to protect policyholders, promote a fair and stable insurance market, and contribute to the country's financial stability. The proclamation establishes the Ethiopian Insurance Regulatory Authority, outlines licensing requirements for insurers and insurance intermediaries, and sets forth rules and penalties for non-compliance, repealing previous insurance business proclamations and transferring regulatory powers to the new authority.
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