Act 2010

Insurance Act, Cap. 150 (Act No. 5 of 2010)

Summary

Prohibits insurance business without registration (s.9) and defines GARFIN as the Supervisor of Insurance (ss.2 and 5). It sets minimum capital for local, foreign and mutual insurers (s.12), requires annual returns within four months of each financial year-end (s.38(1)), and covers pension fund plans in Part VIII (ss.185-196).

Topics: Prudential & Capital Insurance & Pensions

Who it applies to

Insurance

Official source

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