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PIA Board Members |
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PIA and the Pensions Industry in Zambia |
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GOVERNMENT OF ZAMBIA ACT No. 27 of 1997 Date of assent: 11th November, 1997 An Act to regulate the insurance industry; to repeal the Insurance Act (Cap 392); and to provide for matters connected with or incidental to the foregoing. [14th November, 1997] ENACTED by the parliament of Zambia. PART I PRELIMINARY 1. This Act may be cited as the insurance Act, 1997, and shall come into operation on such dates as the Minister may, by statutory order, appoint.2. In this Act, unless the context otherwise requires - “admitted asset”, in relation to an insurer, has the meaning assigned to it in section thirty-eight; “assessor’ means a person who, where a claim is made against an insurer for loss or damage, assesses the extent of the loss or damage; “auditor” has the meaning assigned to it in the Companies Act; “Authority” means the Pensions and Insurance Authority established by section four of the Pensions Scheme Regulation Act; (as amended by Act No.26 of 2005) “Board” means the Pensions and Insurance Authority Board established by section six of the pensions Scheme Regulation Act (as amended by Act No.26 of 2005) “broker” means a person who, on behalf of an insured person or a person who intends to take up an insurance policy, arranges insurance policies; “child” includes a child born out of wedlock, a step child, an unborn child or an adopted child; (as amended by Act No.26 of 2005)
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