Composite Insurance is not Permitted in the Belizean Insurance Industry

Date: 2015-09-01

“•  The Belizean insurance industry is regulated by the Office of the Supervision and International Financial Services Commission

•  Composite insurance is not permitted in the Belizean insurance industry

•  Motor third-party liability insurance and professional liability insurance for insurance brokers are compulsory classes of insurance

•  Non-admitted insurance is prohibited by law. However, reinsurers are permitted to operate without obtaining a license

•  100% FDI is permitted in the Belizean insurance industry”

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