KYIV, Jan 30 – A life insurance company should have minimum net worth in the amount of UAH 300 million to receive a license for paying in foreign currency on the territory of Ukraine under life insurance policies.

According to a posting on the website of the League of Insurance Organizations of Ukraine (LIOU), the requirement is outlined in National Bank of Ukraine (NBU) Board resolution No. 9 dated January 2, 2019 on the approval of amendments to some legal acts of the NBU that will take effect on February 7, 2019.