Section 21: (1) A company incorporated in the country as a limited liability company may apply to the Commission for a licence to carry on insurance business.(2 ...

Section 22: (1) The Commission may issue an insurer's licence to an applicant subject to conditions the Commission may determine.(2) The Commission shall, in is ...

Section 23: An applicant does not qualify to be issued with a licence to carry on insurance business unless the Commission is satisfied that,(a) the applicant,& ...

Section 24: (I) Without limiting the scope of section 22, the Commission may by written notice require an applicant either prior to the issue of a licence or as ...

Section 25: (1) An insurer's licence shall be in writing and shall specify(a) the class of insurance business that the insurer is authorised to carry on, and(b) ...

Section 26: (1) The Commission shall not issue a licence after the commencement of this Act that authorises the insurer to operate a composite insurance busines ...

Section 27: (1) An insurer shall submit its licence to the Commission where (a) the licence expires,(b) the licence is suspended or revoked, or(c) it is require ...

Section 28: Where the Commission issues a licence under section 22 it shall cause notice of the issue of the licence to be published in the Gazette and any news ...

Section 29: (I) A licence issued by the Commission expires twelve months trom the date of issue and may on application be renewed.(2) Where an application for r ...

Section 30: (1) The Commission may, on giving thirty days' written notice to an insurer (a) vary or revoke a condition for a licence, or(b) impose new condition ...

Section 31: The Commission may(a) refuse to issue a licence,(b) issue a licence but refuse to authorise all the classes of insurance business requested in the a ...

Section 32: Commission shall notify the applicant in writing of its refusal to grant the application stating the reasons within thirty days. ...

Section 33: (1) A person aggrieved by the refusal of the Commission to grant anapplication for licence may within sixty days after the date of the notice of ref ...

Section 35: (1) The Commission shall renew the licence of an insurer where the Commission is satisfied that the insurer(a) continues to meet the requirements fo ...

Section 36: (1) Subject to subsection (4), a person shall not carry on, or purport to carry on, a class of insurance-business in the country unless that person ...

Section 37: (1) Unless authorised by the Commission, a person shall not enter into a contract of insurance with an offshore insurer in respect of(a) property si ...

Section 38: (I) A person may apply to the Commission, or through an insurance intermediary, for authorisation to enter into a contract of insurance of a type sp ...

Section 38: (I) A person may apply to the Commission, or through an insurance intermediary, for authorisation to enter into a contract of insurance of a type sp ...

Section 40: (1) The Commission may approve an application under section 39 subject .to the conditions that it considers appropriate ..(2) The Commission may, va ...

Section 41: An offshore insurer commits an offence where it(a) carries on business contrary to section 39, or(b) establishes, maintains or carries on business t ...

Section 42: (1) An insurer shall not carry on any business whether in the country or elsewhere, otherwise than for the purpose of its insurance business.(2) Sub ...

Section 43: (1) An insurer shall submit its business plan to the Commission for approval.(2) An insurer shall carry on its business substantially in accordance ...

Section 44: (1) Subject to subsection (2), a contract of insurance entered into by an insurer after the commencement date is void if it is a contract under whic ...

Section 45: An insurer shall not issue a new form of insurance product unless the Commission has given its prior written approval for the product.(2) An insurer ...

Section 46: (I) An insurer shall have its head office in Ghana and shall notify the Commission of the address of its head office and of its registered office.(2 ...

Section 47: (1) An insurer shall not open, maintain or carry on business through a representative, branch or contact office offshore unless it has obtained the ...

Section 48: 1) A person who owns or holds a significant interest in an insurance business shall not sell, transfer, charge or otherwise dispose of the interest ...

Section 49: (1) An insurer shall not appoint a director or a principal officer without the prior written approval of the Commission.(2) The Commission shall not ...

Section 50: Where an insurer terminates the appointment of a director or a member of senior management staff, it shall, within fourteen days after the terminati ...

Section 51: (1) An insurer shall not publish or issue a document in which is printed a statement of(a) its authorised capital, unless the statement also sets ou ...

Section 52: (1) An insurer shall not pay any commission to an insurance intermediary that is not· licensed under this Act.(2) An insurer that contravenes subse ...

Section 53: (1) An insurer shall have arrangements approved by the Commission in accordance with the Regulations for the reinsurance of liabilities in respect o ...

55. (I) An insurer shall not enter into a contract of reinsurance except in the case of a facultative reinsurance arrangement.(2) Subsection (I) does not apply ...

Section 56: (1) A long term insurer shall have the services of an actuary at any time whose appointment has been approved by the Commission in writing.(2) The C ...

Section 57: (1) Where the Commission is satisfied that the actuary of a long term insurer has failed to fulfill obligations under this Act it may, revoke the ap ...

Section 58: (I) The actuary of a long term insurer(a). is entitled to have access to any information or document in the possession or under the control of the i ...

Section 60. The actuary of a long term insurer, in the performance of functions and the exercise of power, shall comply with relevant actuarial standards. ...

Section 61: (I) A long term insurer shall, at least once each year, cause an investigation to be made into its financial condition in respect of its long term i ...

65. (I) Subject to section 68, a part of an insurance business may not be(a) transferred to another person, or(b) amalgamated with the business of another perso ...

Section 66: A scheme shall set out(a) the terms of the agreement or deed under which the proposed transfer or amalgamation is to be carried out,(b) particulars ...