Insurance
Insurance
G
renada now has a modern insurance legislative framework in keeping with international standards and best practices. The new insurance act of 2010 came into effect in march 2010 and increases the capital and solvency requirements for insurance companies and makes provision for the establishment of statutory funds to protect policyholders liabilities. It also imposes penalties on companies and their officers for noncompliance and brings insurance agents, brokers and adjusters under greater supervision. Whereas the Banki ??????????????????????????????
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