Act 12 of 2016, assented to on 12 July 2016 and published and commenced in Gazette 34 on 21 July 2016. Continues the Sierra Leone Insurance Commission (s. 2) with the object of effective administration, supervision and regulation of insurance business (s. 3), and bars anyone from carrying on insurance business unless registered (s. 16; contravention carries a fine of up to Le20,000,000, two years' imprisonment, or both). It also licenses agents and intermediaries.
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