The Dominican Republic Insurance Industry Governance, Risk and Compliance Report 2016 – Research and Markets

DUBLIN--(BUSINESS WIRE)-- Research and Markets has announced the addition of the "Governance, Risk and Compliance - The Dominican Republic Insurance Industry" report to their offering.

The Governance, Risk and Compliance - The Dominican Republic Insurance Industry report is the result of extensive research into the insurance regulatory framework in Dominican Republic.

It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries.

The report brings together research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and legal system in the country. The report also includes the scope of non-admitted insurance in the country.

Key Highlights:

- The Dominican insurance industry is regulated by the Superintendent of Insurance.

- 100% foreign direct investment is permitted in the Dominican insurance industry.

- Composite insurance is not permitted in the Dominican Republic, although both life and non-life insurers are permitted to operate accident and health insurance business.

- Motor third-party liability, workers' compensation and public health insurance are compulsory.

- Non-admitted insurers are not permitted in the Dominican insurance industry.

Key Topics Covered:

1 Introduction

2 Governance, Risk and Compliance

2.1 Legislation Overview and Historical Evolution

2.2 Latest Changes in Regulations

2.3 Legislation and Market Practice by Type of Insurance

2.4 Compulsory Insurance

2.5 Supervision and Control

2.6 Non-Admitted Insurance Regulations

2.7 Company Registration and Operations

2.8 Taxation

2.9 Legal System

3 Appendix

For more information visit http://www.researchandmarkets.com/research/8qpccs/governance_risk

View source version on businesswire.com: http://www.businesswire.com/news/home/20160623006129/en/

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Source: Research and Markets