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July 07 - Insurance

The FSC is currently having legislation drafted for a new Insurance Act.

This Act will:

  • Regulate providers of domestic insurance in the Cook Islands;
  • Regulate agents and brokers operating in the Cook Islands;
  • Update the current supervisory regime for off-shore insurers.
The Act will be underpinned by Regulations and an Insurance Code.

It is proposed that the Government will put this legislation before the Cook Islands' parliament later in 2007.