Insurers Directive, 2024 🇬đź‡
Ghana
Directive nic-directive-2025-003-rn-coi
Insurers Directive, 2024
- Issued by National Insurance Commission on 1 January 2025
- Commenced on 1 January 2025
- [This is the version of this document from 1 January 2025.]
Part 1 – PRELIMINARY
1. Interpretation
In this directive, unless the context otherwise requires,“accepting insurer” means a direct insurer that enters into a facultative reinsurance contract, as reinsurer, with another direct insurer;“Act” means the InsuranceAct, 2021 (Act 1061);“agent-branded insurance product” means an insurance contract which is marketed and sold under the branding of a licensed insurance agent, rather than the branding of the licensed insurer that is underwriting the contract;“alternative risk transfer arrangement” has the meaning specified in paragraph 58;“associated company” has the meaning specified in paragraph 3;“beneficiary”, in rel…Read the Full Legislation on judy.legal
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