Insurance Industry Bill gets Parly nod

The Bill seeks to, amongst others, import all provisions relating to the insurance industry from the Non-Banking Financial Institutions Regulatory Act. Currently, the insurance industry is regulated under the Insurance Industry Act of 1987.

The house’s nod for the Bill provides for the licensing, governance and regulation of all insurers, insurance brokers, insurance agents and representatives operating in Botswana and for matters incidental to or connected therewith.