Regulatory Alerts2020-03-22
Insurance Regulations 1998
The Reserve Bank of Fiji issued these regulations to prescribe operational requirements for insurers, brokers, and agents under the Insurance Act 1998. The rules mandate specific deposit types, investment allocations, and professional indemnity coverage levels while establishing standardized forms for licensing applications and financial reporting. Additionally, the document sets prescribed fees, defines notification classes for policy expiration, and specifies the interest rate for settling life insurance claims.
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