FINAL PRESS RELEASE OF THE COUNCIL OF MINISTERS IN CHARGE OF THE INSURANCE SECTOR OF MEMBER STATES OF THE INTER-AFRICAN INSURANCE MARKETS CONFERENCE (CIMA) BRAZZAVILLE (REPUBLIC OF CONGO) FEBRUARY 22, 2022 The Ministers in charge of the insurance sector of the CIMA Member States met by videoconference on Tuesday February 22, 2022, under the chairmanship of Mr. Ludovic NGATSE, Minister Delegate in charge of the budget, Representative Mr. Rigobert Roger ANDELY, Minister of Finance, Budget and Portfolio of the Republic of Congo, President of the Council of Ministers. After taking note of the status of implementation of the decisions of their previous meetings, the Ministers took note of and approved the minutes of the meetings of the Committee of Experts, held from August 16 to 26, 2021 in Abidjan (Republic of Côte d’Ivoire). Ivoire) and from November 29 to December 10, 2021 in Yaoundé (Republic of Cameroon). To this end, the Council of Ministers took note of the activity report of the Secretary General of CIMA as of September 30, 2021, as well as that relating to the activities of the Regional Insurance Control Commission (CRCA) for the same period. The Ministers also approved the action program of the Secretary General of CIMA for the 2022 financial year. After approving the new organization chart of the General Secretariat of CIMA, they approved the budgets of CIMA and the International Insurance Institute (IIA) of Yaoundé in revenue and expenditure respectively at the sum of 4,331,664,796 FCFA an increase of 5.68% compared to the 2021 financial year and the sum of 1,630,314,000 FCFA an increase of 7, 72% compared to fiscal year 2021. Pursuant to the provisions of Article 49 of the Treaty conferring on the Council of Ministers the exclusive power to interpret the Treaty, the Ministers proceeded to interpret the provisions of Article 258 of the Insurance Code as follows: “Future health costs are direct consequences of the bodily injury suffered as a result of the accident and have the same nomenclature as current health costs. Future healthcare costs are transport, hospital, medical, paramedical, pharmaceutical and similar costs, medically foreseeable, made necessary by the pathological condition of the victim after consolidation. They include in particular the costs related to the installation of prostheses or the fitting of specific equipment in order to compensate for the physiological handicap which remains after consolidation. These future healthcare costs are capped under the same conditions as current healthcare costs. These future health costs may not exceed twice the highest tariff for hospitals and public services in the country of the accident and in the event of medical evacuation justified by expertise or by the country of residence of the victim, once the tariff the highest public hospital in the host country. However, when the host country is not an African country, or in the absence of the existence of tariffs for public hospitals in the host country, they cannot exceed once the highest hospital tariff and public services in force in France”. The Ministers adopted the following regulations amending and supplementing the provisions of the Insurance Code: regulation amending and supplementing the provisions of article 258 of the insurance code relating to the assessment and payment of future costs on the compensation of victims of traffic accidents, regulations amending and supplementing the insurance contract and victim compensation schemes, in particular the provisions of articles 65, 74, 230, 231 and 236 of the insurance code, regulation amending and supplementing the insurance code with the new article 328-13 specifying the effects of the cessation of all the approvals of an insurance company. The Ministers extended for a period of five (5) years, expiring on April 30, 2027, their decision n°00011/D/PDT/SG of April 19, 2010 on the tax exemption of premiums ceded in reinsurance in the Member States of the Conference Interafrican Insurance Markets (CIMA). They rejected the appeal brought by Société Générale des Assurances (GA) du Burkina Faso against decisions n°0022/D/CIMA/CRCA/PDT and 0023/D/CIMA/CRCA/PDT of the Regional Insurance Control Commission (CRCA) issuing a warning to its Chairman of the Board of Directors and to its Managing Director. The Ministers re-examined the appeal brought by the company Le Millénaire d’Assurance Vie (SOMAVIE) of Côte d’Ivoire for the annulment of Decision No. 026/D/CIMA/CRCA/PDT/2019 of 02 November 2019 of the CRCA on withdrawal of all of SOMAVIE’s approvals. They extended the suspension of the implementation of said decision and granted an additional period of twelve (12) months expiring on February 21, 2023 to the company to make effective and justify the financing and recovery measures announced in the context of the appeal. in cancellation. Finally, the Ministers approved the appointment of a personality in the organs of the Conference. At the end of their work, the Ministers expressed their gratitude to the Authorities of the Republic of Côte d’Ivoire and the Republic of Cameroon for all the facilities made available to their respective delegations on the occasion of the meetings of the Committee of Experts. . Done in Brazzaville, February 22, 2022 For the Council of Ministers The President Rigobert Roger ANDELY Share via:
