Insurance Act, 2006 (Act 724)

Section 43: (1) An insurer shall submit its business plan to the Commission for approval.(2) An insurer shall carry on its business substantially in accordance with the recent business plan lodged with and approved by the Commission.(3) An insurer may, at any time, submit an amended business plan to the Commission together with an application for the Commission to approve the amended business plan.(4) On receipt of an application for approval of an amended business plan, the Commission may require the insurer to provide it with such further information or documentation as the Commission requires to determine the application.(5) The Commission may refuse to approve an amended business plan or may approve it subject to conditions the Commission considers appropriate.

Procedures to Follow

Not Avaiable

Responsible Institution

National Insurance Commission


Relevant Forms to Download

Not Available

Fees / Charges

Not Avaiable