Submit to legislature a revised Insurance Act
Introduced at R0. Justification: Streamline regulation in the insurance sector and establish the central bank as the sole regulator of all insurance agencies. (Target date - by the second review). At R1, on-track. At R2, Not met. Following discussions with discussions with the Ministry of Justice concerns related to the application of other laws, the revised Insurance Act is expected to be submitted to the Legislature in January 2014. Proposed to be re-set for end-March 2014