Regulatory Alerts2021-11-10
INS.R.2.1 The Meaning of Microinsurance
The insurance regulator issued INS.R.2.1 to formally define microinsurance and establish clear compliance standards for licensed entities. This guidance clarifies eligibility criteria, product classifications, and reporting obligations applicable to microinsurance providers. Updated in November 2024, the document supersedes prior interpretations and mandates adherence to the revised definitions for all active microinsurance operations.
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