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This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

Curacao and St Maarten Insurance Industry Governance, Risk and Compliance Report 2019 - ResearchAndMarkets.com

February 22, 2019

DUBLIN--(BUSINESS WIRE)--Feb 22, 2019--The “Governance, Risk and Compliance - The Curacao and St Maarten Insurance Industry” report has been added to ResearchAndMarkets.com’s offering.

“Governance, Risk and Compliance - The Curacao and St Maarten Insurance Industry”, is the result of extensive research into the insurance regulatory framework in the Curacao and St Maarten. It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance.

The Centrale Bank van Curaao en Sint Maarten (Central Bank of Curaao and Sint Maarten - CBCS), established on February 6, 1828, supervises and regulates the insurance industry in Curacao and St Maarten. The CBCS’s competence rights, obligations and rights to regulate insurance are stipulated in the Insurance Supervision National Ordinance (P.B 1990, No. 77), as well as in various Decrees.

Key Takeaways

The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries.

Including

Scope

Reasons to Buy

Key Topics Covered:

1 INTRODUCTION

1.1 What is this Report About?

1.2 Definitions

2 GOVERNANCE, RISK AND COMPLIANCE

2.1 Legislation Overview and Historical Evolution

2.2 Latest Changes in Regulation

2.3 Legislation and Market Practice by Type of Insurance

2.3.1 Life insurance

2.3.2 Property insurance

2.3.3 Motor insurance

2.3.4 Liability insurance

2.3.5 Marine, aviation and transit insurance

2.3.6 Personal accident and health insurance

2.4 Compulsory Insurance

2.4.1 Motor third-party liability (bodily injury) insurance

2.5 Supervision and Control

2.5.1 International Association of Insurance Supervisors

2.5.2 Central Bank of Curacao and St Maarten

2.6 Non-Admitted Insurance Regulations

2.6.1 Overview

2.6.2 Intermediaries

2.6.3 Market practices

2.6.4 Fines and Penalties

2.7 Company Registration and Operations

2.7.1 Type of insurance organization

2.7.2 Establishing a local company

2.7.3 Foreign ownership

2.7.4 Types of license

2.7.5 Capital requirements

2.7.6 Solvency margin

2.7.7 Reserve requirements

2.7.8 Investment regulations

2.7.9 Statutory return requirements

2.7.10 Fee structure

2.8 Taxation

2.8.1 Insurance premium or policy taxation

2.8.2 Withholding taxes on premium paid overseas

2.8.3 Corporate tax

2.8.4 VAT

2.8.5 Captives

2.9 Legal System

2.9.1 Introduction

2.9.2 Access to court

2.9.3 Alternative dispute resolution

3 APPENDIX

For more information about this report visit https://www.researchandmarkets.com/research/k7zkd5/curacao_and_st?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190222005186/en/

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KEYWORD:

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SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 02/22/2019 06:03 AM/DISC: 02/22/2019 06:03 AM

http://www.businesswire.com/news/home/20190222005186/en