The purpose of the act is to bring ugandas insurance law in line with the. The application of the seal shall be as is provided in the schedule to this act. The republic of uganda the companies act cap 110 company limited by guarantee memorandum of association of african community team support acts 1 the name of the company is african community team support ltd. This act shall apply to workers employed by or under the government of uganda in the. What is value added tax vat uganda revenue authority. Financial services, insurance, medical, dental, nursing services. To create an enabling regulatory environment for sustainable growth of the insurance industry while upholding the best practices. Insurance act 1996 uganda legal information institute. National insurance corporation limited, commonly referred to as national insurance corporation nic, is an insurance company in uganda. The uganda national bureau of standards use of distinctive mark on commodities regulations, 2017 under section 43 of the uganda national bureau of standards act, cap 327 in exercise of the powers conferred upon the minister responsible for commerce by section 43 of the uganda national bureau of standards act, and on the. This act shall apply to workers employed by or under the government of uganda in the same way and to the same extent as if the employer were a private person, but the act shall not apply to active members of the armed forces of uganda. Workers compensation act 2000 ch 225 chapter 225 the workers compensation act. The welfare reform act of 1996 was one of the most significant bipartisan pieces of legislation passed in recent generations. Users of motor vehicles to be insured against thirdparty risks.
The main objective of the authority was to guarantee the effective administration, supervision, regulation, and govern the industry of insurance in uganda. Players and processes behind the national health insurance. Jan 22, 20 road users say the motor vehicle insurance act, which is also called third party risks act, is obsolete and does not adequately resonate with the current situation existing in the country. At present, the current law on insurance in uganda is contained in the. Insurance act 1996 ulii is a member of the global free access to law movement and of the african lii community. The insurance act, 1996 arrangement of sections part i preliminary section title 1. Insurance act tanzania insurance regulatory authority. The law was enacted in 1989 and provides for compulsory insurance. The feasibility study was exploratory and looked at the potential for establishing social health insurance in uganda. Except where the contrary is provided, nothing in this act applies to employment outside uganda. Uganda is proposing introduction of the national health insurance scheme nhis in a phased manner with the view to obtaining additional funding for the health sector and promoting financial risk protection. Three months ago, uganda planned to launch a compulsory public health insurance scheme, the first in the country.
National insurance commission establishment of the national insurance commission 1. The insurance sector has existed for some time but not many ugandans take insurance. Exempt insurance delegation of functions, 1991 cap 308a exempt insurance forms and fees regulations, 1983. Corporate governance, firm characteristics, external. Interp retati on act 18 of 1986 2 1 in this act, unless the context otherwise requires. The laws of zambia copyright ministry of legal affairs, government of the republic of zambia broker means a person who is not an insurance agent and who acts on. The outdated companies act provides basic requirements for accounting and reporting applicable to all private and public companies in uganda. Act, the employees state insurance act and the workmens compensation act. Uganda insurers association hereby informs the general public that in order to ensure the quick settlement of motor third party insurance claims of up to ugx.
In uganda insurance intermediaries are regulated under the insurance act 1996, insurance brokers and agents are licensed. To provide for a legal framework for the prudential regulation and supervision of insurance business in the republic that is consistent with the constitution of the republic of south africa, 1996, and promotes the maintenance of a fair, safe and stable insurance market. The formal institutions include banks, microfinance deposittaking institutions, credit institutions, insurance companies, development banks, pension funds and capital markets. Commission by the insurance statute, 1996 and in consultation. Click here to download the insurance act tanzania insurance regulatory authority 2016. The formal institutions include banks, microfinance deposittaking institutions, credit institutions, insurance companies, development banks, pension funds. An act of parliament to amend and consolidate the laws relating to insurance and to regulate the business of insurance and for connected purposes. In 1996, ugandas ministry of health moh commissioned the first feasibility study on health insurance, and some limited chi pilot schemes were attempted. The british columbia statute is the insurance marine act, rsbc 1996 c.
In uganda insurance intermediaries are regulated under the insurance act 1996, insurance brokers and agents are licensed by the insurance regulatory authority and must meet the required qualifications12. This act shall apply to all employment within uganda. The role of governments in the insurance industry royal institute for international affairs london, u. Requirement as to capital structure and voting rights. Insurance act insurance act 1996 ch 2 communications and media law. The law was enacted in 1989 and provides for compulsory insurance of travellers against accidents among other functions. Overview of the financial sector in uganda ugandas financial system is composed of formal, semiformal and informal institutions.
Holding out as an insurer, insurance broker, adjuster or financial adviser. Public health insurance in uganda still only a dream. In uganda, vat is imposed on the supply of goods and services taxable supplies made by a taxable person. Insurance act chapter 487 revised edition 2012 2010 published by the national council for law reporting with the authority of the attorneygeneral. Insurance compensation for accident victims insufficient. Insurance act, 2017 uganda legal information institute. Printed by uppc, entebbe, by order of the government. Diplomtic ltlmwities and prn7leges the diplomatic immunities and privileges act sch, 36 of zob4. The insurance act the insurance act the insurance regulatory. Core values the authority shall, at all times, uphold the following values. This act may be cited as the insurance motor vehicles third party risks act. New uganda insurance act to overhaul industry lexology. The management and staff of goldstar insurance co ltd would like to congratulate our chairman, dr sudhir ruparelia, on being awarded a top business accolade as east african leader 2018. Provision in agreement any provision in an agreement, or a contract of service shall be void where it.
This lesson covers specifics of the act, key players, and the. Act 553 insurance act 1996 date of royal assent sep1996 date of publication in the gazette 26sep1996 an act to provide new laws for the licensing and regulation of insurance business, insurance broking business, adjusting business and financial advisory business and for other related purposes. This hand book titled domestic tax laws is primarily intended for internal use by officers and staff of the uganda revenue authority. Professionalism, integrity, accountability, transparency and teamwork. In exercise of the powers conferred on the uganda insurance. With acts you are guaranteed the latest and most up to date resource for your legislative needs.
Riskbased capital framework for insurers version 3. Provisions relating to the carrying on of both long term and general insurance. Power to suspend operation of act the minister may, by notice in the gazette, suspend or restrict the operation of this act. Feb 03, 2009 three months ago, uganda planned to launch a compulsory public health insurance scheme, the first in the country. Electoral commission act 51 of 1996 south african government. This act is modelled on the english marine insurance act of 1906. The insurance act, 2017 the act has recently been enacted to reform the law governing insurance in uganda. Summary of united states insurance and reinsurance law. Historical development of modern law of contract 1 2. Settlement between insurers and bankrupt persons of on effect. This act may be cited as the diplomatic immunities and shorttitle. Interpretation in this act, unless the context otherwise requires. Combat waste, fraud and abuse improve portability of health insurance coverage.
Unit 6 occupational health and safety legislation in india. A report by uganda insurance commission confirms that few people are making claims against their third party insurance. Amended by electoral laws amendment act 1 of 2019 amended by determination of remuneration of officebearers of ind. The diplomatic immunities and privileges act sch, 36 of zob4. Road users say the motor vehicle insurance act, which is also called third party risks act, is obsolete and does not adequately resonate with the current situation existing in the country.
We are the leading resource for freely available legislation in south africa and are used daily by thousands of professionals and industry leaders. Table of contents table of cases iii tableof statutes xv prefcice. There is established a uganda insurance commission which shall be a body corporate with perpetual succession and a common seal and may sue or be sued in its corporate name. The company is a leading provider of insurance and risk management services in the country. Access to information act 2005 access to information regulations 2007 official secrets act 1964 ch 302 press and journalist act 1995 the uganda communications amendment bill uganda communications act 1997 uganda communications act 1997. An insurance broker has a duty to pay premium collected from the insured over to the insurer. Although great care has been taken to ensure that it reflects the correct wording and numbering of the income tax act, cap. Unit 6 occupational health and safety legislation in india 6. Sep 20, 2017 the insurance act, 2017 the act has recently been enacted to reform the law governing insurance in uganda. According to david tumuhaise, the technical manager at uganda insurers. Congress enacted the health insurance portability and accountability act hipaa of 1996 to.
The companies act, cap 110 1961 has not been significantly amended since its. The plan was to initially cover about 2 million employed ugandans 6% of the population, including 300 000 government workers. Acts online provides legislation, including amendments and regulations, in an intuitive, online format. Service act, 1996 16 the dock workers regulation of employment inapplicability to major ports act, 1997.
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