Regulatory Alerts2013-06-25
Law No. 93-40 of July 20, 1993, Establishing the Insurance Code
The Islamic Republic of Mauritania enacted Law No. 93-40 to establish a comprehensive Insurance Code governing all insurance operations under Mauritanian law. The legislation defines key insurance concepts, mandates strict disclosure and documentation requirements for contracts, and outlines the reciprocal obligations of insurers and insured parties. It further regulates contract duration, risk modification, indemnification principles, subrogation, and the legal consequences of fraud or misrepresentation.
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