Governance, Risk and Compliance – The Antigua and Barbuda Insurance Industry

Date: 2015-12

“• The Antigua and Barbuda insurance industry is regulated by the FSRC.

• Composite insurance is permitted in the country.

• Non-admitted insurance is not permitted. However; reinsurers can operate in the Antigua and Barbuda insurance industry without license.

• Insurance premium tax is imposed at the rate of 3%.

• MTPL, workmen’s compensation and marine third-party liability is compulsory in Antigua and Barbuda.”

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