EXPLANATORY DOCUMENT SUPPORTING …

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Page 1 of 90 EXPLANATORY DOCUMENT SUPPORTING consultation amendment OF THE REGULATIONS UNDER THE long -TERM insurance ACT, 1998 AND SHORT-TERM insurance ACT, 1998 December 2016 Page 2 of 90 Contents PART I: INTRODUCTION ........................................ ........................................ ................................... 3 1. BACKGROUND ........................................ ........................................ ........................................ 3 2. insurance REGULATORY REFORMS IN THE CONTEXT OF TWIN PEAKS ......... 3 3. CONDUCT OF BUSINESS REGULATORY REFORMS TO BE GIVEN EFFECT TO IN TRANCHES ........................................ ........................................ ........................................ . 4 4. SCOPE OF TRANCHE 1 CONDUCT OF BUSINESS REGULATORY REFORMS: REGULATIONS AND PPRs.

page 1 of 90 explanatory document supporting consultation amendment of the regulations under the long-term insurance act, 1998 and short-term insurance …

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