Section 37(1c) of the 2006 Insurance Act says that a person shall not enter into a contract of insurance with an offshore insurer in respect of goods, other than personal effects, being imported into the country. To what extent is this provision in the act being complied with and what can be done to ensure full compliance by importers in Ghana.

Answer rating: 100% (QA)

The Insurance Act 2006 Act 724 The Insurance Act Act 724 states in section 371 that unless authorized by the Commission a person shall not enter into a contract of insurance with an offshore insurer i... View the full answer