Regulatory Alerts2018-01-01
Insurance (Amendment) Act, 2018
President Danny Faure and the National Assembly issued this legislation to amend the Insurance Act (Cap 98) by repealing section 122 and the Second Schedule. The repealed provisions continue to apply until June 30, 2021 for persons licensed in non-domestic insurance business before October 16, 2017. These licensees may opt out of the transitional application by submitting written notice to the regulatory Authority.
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