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What are the requirements to carry out insurance activities in the Dominican Republic?

April 26, 2017activities carry dominican republic Insurance requirements

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What are the requirements to carry out insurance activities in the Dominican Republic?

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Law 126 of 1971 on Private Insurance regulates all insurance and reinsurance activities in the Dominican Republic, setting forth the requirements to operate as a national or foreigner insurer or reinsurer in the Dominican territory and placing all insurance companies under the supervision of the Superintendence of Insurance, a division of the Ministry of Finance.