Like Insurance Regulatory Development Authority of India, briefly explain roles, responsibilities, functions and duties of insurance regulator of Mauritius.
Like Insurance Regulatory Development Authority of India, briefly explain roles, responsibilities, functions and duties of insurance regulator of Mauritius.
Chapter1: Making Economics Decisions
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Question
Like Insurance Regulatory Development Authority of India, briefly explain roles, responsibilities, functions and duties of insurance regulator of Mauritius.
Answer in about 500 words.
Expert Solution
Step 1
The Financial Services Commission regulates and supervises the insurance industry in Mauritius, which is governed by the Insurance Act 2005. The insurance industry has seen a significant transition in its business model over the previous 15 years.
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