SBC Requires 30% Payment for Reinsurance Renewal
The General Insurance Corporation (SBC) has imposed a new condition for private non-life insurers wishing to renew their reinsurance agreements, requiring the settlement of 30% of any outstanding reinsurance premiums before contracts can be finalised. This move comes amid economic and liquidity challenges affecting many insurers across the country. Legal Context of Reinsurance Bangladesh’s insurance […]
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