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Getting Insured in the Bahamas Print E-mail
The insurance provided for the international market is one of the specialties of the Bahamas. The infrastructure and legal system that the Bahamas provide is significantly helpful in building the positive image of insurance in the Bahamas.

There are 2 insurance laws that govern insurance licensure and establishment. These laws are the Insurance Act 1969 and the External Insurance Act 1983. Under these laws a minimum of $100,000 to $300,000 net worth proportional to the ratio of capital and surplus is given. Annual financial audit is required to be filed along with conducting the business as stated in the plan that was initially stated.
These insurance application policies are governed by distinctions under the Bahamas’ Domestic and International Market. The British companies are, in turn, in charge of property insurance. The International Market is also known as the Captive Market. Though it may be a small field for the insurance industry in the Bahamas, majority of the captive market come from Europe and the United States. Furthermore, the Bahamas has a good

Read more ... Getting Insured in the Bahamas
 
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image ANONYMITY FOR ONLINE SECURITY IN PANAMA
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