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Maroc Maroc - HARNEYS.COM - A La Une - 30/Jan 21:44

The Bermuda Insurance Act 1978

The Bermuda Insurance Act 1978 is a foundational framework governing Bermuda's insurance sector, dealing comprehensively with regulatory oversight and operational standards for insurers, brokers, agents, and other key entities involved in the industry. The Act’s primary objective is to safeguard the interests of clients and potential clients, ensuring robust consumer protection while fostering a well-regulated and resilient insurance environment. To achieve this, the Bermuda Monetary Authority is entrusted with supervisory authority, granting it the power to monitor compliance, enforce regulations, and uphold prudential standards.

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