By BUUMBA CHIMBULUTHE new insurance bill will be enacted in the first half of next year, Finance Minister, Bwalya Ng’andu, has said.Dr Ng’andu said it was possible to enact the new insurance bill in the first quarter of 2021.The Minister promised that he would help the industry by pushing for the enactment of the new Insurance Bill.He was speaking in Lusaka during the Insurers Association of Zambia (IAZ) Chief Executive Officer’s Cocktail.With reference to Marine Insurance, Dr Ng’andu assured the industry players that any matter which was resulting in revenue loss to the Government would receive his ardent attention.Dr Ng’andu stressed the need to enforce section 120 of the Insurance that demands for local assets to be insured locally, as a way to curb revenue loss to the treasury.Pensions and Insurance Authority (PIA) acting Registrar, Tresford Chiyavula, indicated that the sector had not been spared from the adverse effect of the Covid -19 Pandemic.Mr Chiyavula […]
Insurance Bill will be enacted 2021, says State
