Short title:
The Insurance Act
Long title:
An Act to provide for the regulation of the insurance industry;
provide for the supervision of insurers, reinsurers and
intermediaries; provide for the financial regulation of
insurers, reinsurers and intermediaries; provide for the
regulation and supervision of microinsurance businesses;
provide for the management and shareholding of insurers,
reinsurers and intermediaries; provide for the auditing
and corporate responsibility of insurers, reinsurers and
insurance brokers; continue the existence of the
Policyholders’ Protection Committee and the Insurance
Fidelity Fund; provide for the establishment of the
National Reinsurance Company; give effect to the
Agreement establishing the African Reinsurance
Corporation and the Agreement establishing the ZEP-RE
(Preferential Trade Area Reinsurance Company); repeal
and replace the Insurance Act, 1997; and provide for
matters connected with, or incidental to, the foregoing.
Year of Act:
2021
Number of Act:
No.38 of 2021
Date of assent:
19 May 2021
Date of promulgation:
20 May 2021
Date of commencement:
20 May 2021
Download of Original File:
