Regulatory Alerts2008-01-01
Consolidated Insurance Act, 2008 to 20th December 2018
The Central Bank of Seychelles issues this consolidated legislation to comprehensively regulate insurance operations by mandating licensing, solvency margins, and corporate governance standards for insurers and related professionals. The Act requires licensed entities to maintain financial soundness through technical reserves, fit-and-proper management, and strict internal controls while ensuring transparent policyholder disclosures. It further empowers the Authority to enforce compliance through targeted inspections, investigations, and structured winding-up or rehabilitation procedures.
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