Establishment of an insurance commission in Liberia

Saye D. Gbalazeh, CEO of Activa International Insurance, has suggested the creation of an insurance commission. The new law should therefore dissociate the insurance sector from the Central Bank of Liberia.

S. D. Gbalazeh considers that the commission should have the status of an autonomous agency managed by experts.

The latter shall issue licenses to all stakeholders in the sector, supervise them, enforce laws and regulations and apply regulatory sanctions in case of operations in breach of legislation.

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