Regulatory Alerts2007-01-01
Insurance (Statutory Reinsurer) Rules 2007
The Financial Services Commission of Mauritius issued these rules under the Insurance Act 2005 to formally designate the African Reinsurance Corporation as an approved statutory reinsurer. This designation ensures the corporation qualifies for compulsory risk cession under Section 9(5)(b) of the Act, facilitating regulatory compliance for domestic insurers. The rules were executed on 28 September 2007 and are deemed to have come into operation on that same date.
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