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Legislative Drafting
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Revised Laws of Saint Lucia
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INTERNATIONAL INSURANCE ACT
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1. Short title
Revised Laws of Saint Lucia (2022)
Back to Revised Laws of Saint Lucia (2022)
Back to Table of Contents
PART 1
SHORT TITLE AND INTERPRETATION
1. Short title
This Act may be cited as the International Insurance Act.
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1. Short title
2. Interpretation
3. Requirement for licence
4. Application for and grant of licence
4A. Registration of incorporated cell company and incorporated cell
4B. Transfer of registration on winding up or dissolution
5. Registered office and registered agent
6. Notification of change of particulars
7. Categories of licences
8. Fees
9. Refusal to grant licence
10. Financial Statements
10A. Cancellation of registration on application
11. Limitations on activities
12. Capital
13. Prohibition on issue, transfer or disposal
14. Use of words
15. Audited accounts for licensee
16. Prohibitions on licensee
17. Number of directors
18. Transfer of business
19. Powers and duties of Director
20. Secrecy
21. Powers of Minister
21A. Cancellation of registration
22. Order for winding-up
23. Offences and penalties
24. Appeals
25. Insurance
26. Immunity
27. Non-application of Insurance Act and Exchange Control Act
28. Regulations
International Insurance Regulations – Section 28