OBLIGATIONS OF THE INSURED
The insured shall in accordance with the CIMA code be obligated: The above time limit may be extended by mutual agreement between the contracting parties.
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INSURANCE LAW PRACTICE Blogs
INSURANCE LAW PRACTICE IN CAMEROON
The insurance law in Cameroon is governed by the CIMA code of February 15, 1995, which is applicable in 15 West and Central African states, and the Merchant Marine Community Code of 2012 applicable in the CEMAC region.
The CIMA Code which is known as the Inter-African Conference for Insurance Markets governs non-marine insurance and life insurance whilst the Merchant Marine Community Code of 2012 is applicable to marine insurance in Cameroon.
The blog on insurance law practice is aimed at providing a full appraisal for clients, investors, companies, professionals, advocates, consultants and finance institutions on the various aspects of insurance law in Cameroon.
The blogs below will touch on key aspects of insurance law in Cameroon such as the contracts, companies, agents, brokers, investment intermediaries and the accounting rules applicable to insurance companies in Cameroon.
INFORMATION ON THE INSURANCE CONTRACT
Insurance policies shall in accordance with the CIMA Code contain the following information;
FORWARDING OF THE INSURANCE POLICY AND EXCEPTIONS
The insurance policy may be underwritten on behalf of a named person or the bearer. It may also be underwritten on order. Policies underwritten policy
INSURANCE PROPOSAL-MODIFICATION OF THE CONTRACT
The insurance proposal shall commit neither the insured nor the insurer; only the policy or the cover note shall establish their reciprocal commitment. Prior to
INSURANCE-PROXY ON ACCOUNT
The insurance may be contracted in pursuance of a general or special proxy or even without a proxy, on behalf of a named person. In