Report by Henry Karmo, [email protected]According to him, the 2013 Insurance Act calls for the setting up of an Insurance Commission as an autonomous commission five years after the passage of the Insurance Act. This law would separate the insurance sector from the Central Bank of Liberia, he said. This would cancel the current deputy director position, but to do so, according to Mr. Gbalazeh, would create unnecessary bureaucracy. “Like other countries in the region and other practices in the world, the insurance commission should be an autonomous commission headed by a commissioner. “Like other countries in the region and other practices in the world, the insurance commission should be an autonomous commission headed by a commissioner.

Source: Front Page Africa June 16, 2020 04:52 UTC