Mozambique Insurance Legislation Overview
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LSFP001 - Excerpts from the Constitution of the Republic of Mozambique of 2004 - Contains amendments
introduced and was republished by Law No. 1/2018, June 12 - Constitutional Revision Law.
N/A 5.1.2. Organic System N/A
LSFP002 - Ministerial Diploma nº 116-2015, of December 23 - Regime of Responsibilities and
Competencies of the Ministry of Economy and Finance
LSFP003 - Resolution No. 27-2015, of December 4 - Organic Statute of the Ministry of
Economics and Finance
LSFP004 - Decree No. 53-2019 of June 13 - Regime of Attributions, Management, Budget
Supervision, Organization and Operation of the Insurance Supervision Institute of Mozambique
(ISSM)
LSFP005 - Resolution No. 9-2018 of March 22 - Organic Statute of the Institute of Supervision
of Mozambique Insurance
LSFP006 - Ministerial Diploma No. 300-2012 of November 14 - Internal Regulations of
Mozambique Insurance Supervision Institute
LSFP007 - Dispatch from the Ministry of Economy and Finance dated November 18, 2015 - Delegates
from the Punitive Competence to the President of the Board of Directors of the Institute of
Supervision of Insurance in Mozambique.
N/A 5.1.3. Share Capital
N/A
LSFP008 - Decree No. 39-2018, of July 5 - Regulation that Approves the Table of Values
Minimums for Share Capital and Guarantee and Establishment Fund required for Entities
Enabled to carry out the Insurance Activity and Insurance and Reinsurance Mediation.
N/A 5.1.4. Access Regime and Activity of Insurance and Pension Fund N/A
LSFP009 - Decree-Law No. 1-2010, of December 31 - Legal Regime of Insurance
LSFP010 - Decree No. 30-2011 of August 11 - Regulation approving the Conditions of
Access and Exercise of Insurance Activity and its Respective Mediation
LSFP011 - Decree No. 25-2009, of August 17 - Regulation on the Constitution and Management of
Pension Funds within the scope of Complementary Social Security
LSFP012 - Ministerial Diploma No. 261-2009, of December 22 - Rules and General Principles
related to the Definition, Implementation and Control of the Investment Policy and Composition of
Assets that are part of the Pension Funds' Heritage
LSFP013 - Ministerial Diploma No. 101-2014 of July 2, 2014 - Regulation that approves
the License Models for the Exercise of Insurance Activity, Brokerage and
Insurance Brokerage by Agents in the Form of a Commercial Company and Also of the Card
of Singular Person Agent
N/A 5.1.5. Special Regimes N/A
N/A Automobiles and Accidents N/A
LSFP014 - Decree Law No. 1-2011 of March 23 - Highway Code - Contains amendments
introduced by Law No. 8/2019 of July 8
LSFP015 - Law No. 2-2003, of January 21 - Legal Regime of Mandatory Insurance
Automobile Civil Liability
LSFP016 - Decree No. 47-2005, of January 22 - Regulation of Law No. 2/2003, of 21
January that Approves the Legal Regime of Mandatory Civil Liability Insurance
Automobile
LSFP017 - Ministerial Diploma no. 59-2017, September 15 - Regulation that approves the
Adjustment of the Minimum Coverage Capital Values of the Mandatory Insurance of
Civil Liability in Automobiles
N/A Work and Sports Accidents N/A
LSFP018 - Decree No. 62-2013, of December 4th Legal Regime of Work Accidents and
Occupational Diseases
LSFP019 - Dispatch from the Minister of Economy and Finance dated June 4, 2018 - Bases
Applicable techniques for the calculation of remission capital for work accident pensions and
Professional Diseases and the Amounts of Pension Guarantees
LSFP020 - Law No. 11-2002, of March 12 - Legal regime of sports activity.
LSFP021 - Decree 3-2004, of March 29 - Regulation of the Sports Law - Contains
changes introduced by Decree 41/2008, of November 4, Decree 43/2012, of 20
December and Decree 49/2013, of September 13
LSFP022 - Decree No. 65-2007 of December 24 - Sports Insurance Regulation
N/A 5.1.6. Insurance and Pension Fund Accounting System N/A
LSFP023 - Ministerial Diploma No. 222-2010 of December 17 - Chart of Accounts applicable to
entities enabled for the exercise of insurance activity, as well as the managing entities
of Pension Funds
LSFP024 - Ministerial Diploma No. 262-2009, of December 22 - Accounting standards to which
subject to the management activity of pension funds, within the scope of social security
complement
LSFP025 - Decree No. 42-2003, of December 10 - Regulation of the Legal Regime of
Financial Guarantees Required by entities authorized to exercise the Insurance Activity -
Contains amendments introduced by Ministerial Diploma No. 112/2004, of June 23
N/A 5.2 COMPLEMENTARY LEGISLATION
N/A
N/A 5.2.1. General Legislation N/A
LSFP026 - Law No. 23-2007, of August 1 - Labor Law
LSFP027 - Law No. 4-2007, of February 7 - Social Protection Law
LSFP028 - Law No. 14-2013, of August 12 - Law for the Prevention and Combating of Money Laundering
Capital and Financing of Terrorism - Contains amendments introduced by Law 21/2019,
November 11
LSFP029 - Decree No. 66-2014, of October 29 - Regulation of Law No. 14/2013, of 12
August, which establishes the Legal Regime and the Measures of Prevention and Repression in Relation
The Use of the Financial System and Non-Financial Entities for Purposes of
Money Laundering
LSFP030 - Decree No. 53-2015, of December 31 - Regulations for Travel Agencies
Tourism and Tourism Information Professionals
LSFP031 - Decree No. 9-2007, of April 30 - Regulation of Private Security Companies
Contains changes introduced by Decree 69/2007, of December 21 and Decree no.
61/2014 of October 24
LSFP032 - Decree No. 41-2007, of August 24 - Tourism Transportation Regulations
LSFP033 - Decree No. 17-2013, of April 26 - Regulation of the Legal Regime of
Condominium
N/A [Link] from the Institute of Supervision of Insurance of Mozambique (ISSM) N/A
LSFP034 - Notice No. 1-2015, of July 1 - Procedures to be observed within the scope of
collection of insurance premiums by authorized brokers for this purpose.
LSFP035 - Notice No. 2-2015, of July 1 - Financial Reporting Model, for compliance
the accounting regime applicable to the management of pension funds
LSFP036 - Notice No. 3-ISSM-2015, of July 1 - Value limits for venture capital in
insurance branches, in the micro-insurance segment.
LSFP037 - Notice No. 1-2016, of March 4 - Uniform Policy for Mandatory Insurance
Work Accident and Occupational Diseases.
LSFP038 - Notice No. 2-2016, of March 4th - Uniform Policy of Mandatory Insurance of
Automobile Civil Liability.
LSFP039 - Notice No. 3-2016, of August 22 - Supervision and Inspection Regulation of
Insurer Activity.
LSFP040 - Notice No. 1-2018, August 2018 - Table of minimum share capital values
the entities authorized to exercise the insurance activity.
LSFP041 - Notice No. 1-CA - ISSM-2019, dated May 30 - Guidelines on Prevention and Combat
to Money Laundering and Terrorism Financing, applicable to the insurance sector.
