Insurance Law Approved in Panama

The National Assembly of Panama approved bill 360 on its third reading, which regulates the activities of insurers.

Friday, March 9, 2012

Among other provisions, the law establishes requirements and deposits in order to set up as an insurance company, creates an insurance supervisory board, and establishes a tax regime for insurers.

According to the superintendent of insurance, Luis Della Togna, the industry has been clamouring for this law for over 10 years, reported

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From a statement issued by the National Assembly of Panama:

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The iniciative which would approve a new law for insurance companies was returned to the Economic Commission once more.

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