About Union Commerciale d'Assurances et de Réassurances SA
UCAR VIE ET CAPITALIZATION S.A is a public limited company which was created by the General Meeting of Shareholders on 05/30/2017. It was created in order to meet the requirements of the law number of 07/01/2014 relating to insurance codes in BURUNDI. This code establishes the separation of the two branches of insurance, namely non-life insurance and personal insurance. Article 279 of the same code stipulates in its penultimate paragraph that "insurance companies which, on the date of application of this code, carry out both life insurance and non-life insurance transactions Have three years to comply. It is therefore clear that UCAR VIE was created to comply with the insurance code in Burundi
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