Question:

How SECP monitors insurance sector?

by Guest353  |  12 years, 9 month(s) ago

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I am a university student. I have been assigned a task regarding SECP. I want to know, How SECP monitors insurance sector?

 Tags: insurance, monitors, SECP, Sector

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  1. Guest1999
    SECP monitors insurance sector By regulating  insurance  sector,  which includes life and non- life companies,takaful operators ,insurance agents, brokers  and surveyors, and bodies  connected with insurance business Issuing licenses  based on rules, taking into account financial  condition and other criteria Issuing rules  and regulations   for authorization, operational  and  internal  control of the insurance business Prescribing and enforcing capital  adequacy requirements for the general insurance industry, ensuring maintenance of statutory solvency  margins  and collection of  registration/supervision fees

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