effective
inspections.
At
the
moment,
the
Labour
Department
has
staff
in
the
field
that
inspects
violations
of
labour
laws
and
other
international
conventions.
5.4
Insurance
Law
5.4.1
Lobby
Parliament
to
Review
Bill
The
Insurance
Bill
was
passed
into
an
Act
of
Parliament
(Act
724)
in
2006
and
was
granted
Presidential
Accent
on
31st
December,
2006.
It
is
reported
to
have
increased
the
capital
requirement
for
both
insurance
companies
and
brokers.
The
law
has
introduced
some
provisions
such
as:
•
All
public
buildings
would
have
to
be
insured
•
Insurance
companies
operating
both
life
and
non-‐life
policies
must
be
separated
into
two
different
companies:
life
insurance
and
non-‐life
insurance
companies-‐with
different
boards
of
directors.
This
has
been
effected.
•
All
existing
companies
both
insurance
and
brokers
must
reregister
at
the
National
Insurance
Commission.
The
Act
did
not
cover
residential
properties.
5.4.2
Educate
Public,
Business
Community
and
Insurance
Institutions
on
New
Law
The
National
Insurance
Commission
(NIC)
has
embarked
on
educating
insurance
institutions,
business
community
and
the
public
on
the
details
and
requirements
of
the
law.
The
workshops
organised
targeted
the
insurance
companies,
the
Police
Service
and
Judges
as
well
as
the
general
public.
90