Regulatory Alerts2026-01-06
Madagascar Insurance Law No. 2020-005
Enacted by the President of Madagascar following parliamentary approval, this law establishes a comprehensive regulatory framework governing all domestic insurance and reinsurance operations. It designates the Banking and Financial Supervisory Commission as the primary supervisory authority for insurance undertakings, intermediaries, and foreign branches while explicitly exempting designated social funds and tontine entities. The legislation standardizes contractual obligations, classifies business into life and non-life branches, and introduces specific regulatory regimes for reinsurance, co-insurance, microinsurance, digital insurance, and index-based products.
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