Insurance Act
ZambiaAct of Parliament
The Insurance Act is an Act of the Parliament of Zambia. It contains 89 sections. Read its sections below, or ask Levy any question about the Insurance Act and get an answer grounded in the Act with citations.
Sections of the Insurance Act
- S. 1S hort title
- S. 2A pplicati on
- S. 3A pplicati on in relati on to Lloyd's
- S. 4I nterpretati on
- S. 5Q ualifications f or registrati on
- S. 6R egistrati on of insurers
- S. 7R egistered insurers to be licensed
- S. 8R efusal, suspensi on and cancellati on of insurers' licences
- S. 9R epresentati on against refusal, suspensi on or cancellati on of an insurer's
- S. 10C ancellati on of registrati on of insurers
- S. 11P rincipal office and principal officer of registered insurers
- S. 12R eturns by and records of registered insurers
- S. 13A udit of accounts of insurers
- S. 14P ublicati on of authorised capital, etc., of registered insurers
- S. 15A malgamations and transfers of insurance business
- S. 16S tatement in case of amalgamati on or transfer of business
- S. 17L ife insurers carrying on business other th an life insurance business
- S. 18P eriodical investigations to be made in to financial positi on of life insurers
- S. 19R einsurance contracts of life insurers
- S. 20R egistrati on of brokers
- S. 21R egistered broker to be licensed
- S. 22R efusal, suspensi on and cancellati on of brokers' licences
- S. 23C ancellati on of broker's registrati on
- S. 24P rincipal office and principal officer of a registered broker
- S. 25R eturns by and records of registered brokers
- S. 26A udit of the accounts of a registered broker
- S. 27I nsurance agents to be licensed
- S. 28R efusal, suspensi on and cancellati on of insurance agents' licences
- S. 29V alue of certa in assets
- S. 30M in or may insure h is life
- S. 31L ife policies effected by married persons
- S. 32L ife policy on own life: protecti on afforded during life
- S. 33P rotecti on f or life beneficiaries on death of policy owner
- S. 34P rotecti on afforded in respect of life policy inuring to spouse or children
- S. 35P rotecti on afforded in respect of life policy inuring to wife
- S. 36C erta in provisions in life insurance policies to be of no force or effect
- S. 37S electi on f or realisati on of life policies in respect of which protecti on is afforded
- S. 38P artial realisati on and partial conversi on of life policies
- S. 39P rovisions in case where life policy ceded or trust policy can not be kept up
- S. 40L ife policies ceded or premiums paid with intent to benefit someone at the
- S. 41P ro of of age
- S. 42A ge incorrectly stated
- S. 43D eath of insured by h is own act
- S. 44L ost or destroyed life policies
- S. 45L ife policy may include disability benef its
- S. 46D iscriminati on between life policies, etc., prohibited
- S. 47A pplicati on of certa in provisions of Part V to industrial policies
- S. 48A pplicati on of certa in provisions of Part V to sinking fund policies
- S. 49A pplicati on of certa in provisions of Part V to funeral policies and other
- S. 50D ays of grace, paid-up policies and n on-forfeiture provisions: life, industrial and
- S. 51O wner may cancel life policy with in limited period without penalty
- S. 52D ays of grace, paid-up policies and n on-forfeiture provisions: funeral policies
- S. 53G rant of more favourable terms th an those specified in secti on 50 or 52 not
- S. 54U nlawfully acting as an insurer
- S. 55U nlawfully acting as a broker
- S. 56U nlawfully acting as an insurance agent
- S. 57I nsurers not to accept business from unlicensed agents
- S. 58S oliciting insurance business on behalf of an unregistered insurer or broker
- S. 59M alpractice in life insurance
- S. 60R egistrar of Insurance
- S. 61A nnual reports by Registrar
- S. 62B usiness informati on to be supplied by insurers and brokers
- S. 63D ocuments to be signed and copies supplied
- S. 64T ranslati on of documents in to English
- S. 65I nspecti on of documents, etc.
- S. 66C ertified documents as evidence
- S. 67I nvestigati on of the affairs of an insurer or broker
- S. 68S pecial deposit to cover liabilities of an insurer or broker
- S. 69P rovisions concerning depos its made by insurers and brokers
- S. 70I nsurance to relate to Zambia
- S. 71J urisdicti on in relati on to local policies
- S. 72P olicies not invalidated by failure to comply with the law
- S. 73I nsurance forms subject to approval
- S. 74P olicies to be printed in clearly legible form
- S. 75C hange of name of insurers and brokers
- S. 76R egistrar may re-classify insurance business
- S. 77P referred creditors of an insurer
- S. 78A daptati on of prescribed forms
- S. 79C ontrol of mot or insurance premiums
- S. 80A ssociati on of insurers and/or brokers
- S. 81R egulations
- S. 82T ransitional
- S. ISection I
- S. IISection II
- S. IIISection III
- S. IVSection IV
- S. VSection V
- S. VISection VI
- S. VIISection VII