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Namibia Special Risks Insurance Association (No. 5 of 2017).

Country/Territory
Namibia
Document type
Legislation
Date
2017
Source
FAO, FAOLEX
Long title
An Act to provide for the establishment of the Namibia Special Risks Insurance Association as a public company, with a share capital; to determine the insurance business it may underwrite; and to provide for incidental matters.
Subject
Agricultural & rural development, Land & soil
Keyword
Liability/compensation Disasters Institution Land based credit Ownership
Geographical area
Africa, Southern Africa
Abstract

This Act converts the National Special Risks Insurance Association established in terms section 21 of the Companies Act, 2004 into a public company having a share capital, with shares held by the State. It also determines the nature and ambit of the special risks that the Company may underwrite and the role of the State in the short-term insurance industry as regards special risks and to reduce the reinsurance risk exposure of the State. One of the risks that may be covered is loss in respect of

Full text
English
Website
www.lac.org.na