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Mauritius Legal Framework for Insurance - Rules and regulation according to the law in Mauritius Island.Insurance business in Mauritius is still governed by the Insurance Act of 1987,
and the Insurance Regulations of 1988. Under the Financial Services Development Act 2001, the Financial Services Commission has taken over the Regulatory and Supervisory role of the Controller of Insurance within the Ministry of Economic Development, Financial Services and Corporate Affairs. This sector will soon be operating within a new legislative framework.