The House of Assembly on Monday passed two bills that legislators said will help modernise the insurance industry and allow civil servants to keep their pensions when they transfer between central government and statutory bodies.
An amendment to the Insurance Act followed an explanation by Premier Dr. Orlando Smith, who said the legislation’s main purpose is to eliminate an antiquated provision that bans insurance companies from offering both life and health policies without special permission.
Though no other HOA members weighed in on the bill, private insurers have touted it as a step in the right direction.
An amendment to the Employee Mobility Act was also unanimously supported on Monday, though several lawmakers did weigh in on the issue of civil servants moving from statutory corporations to central government and vice versa.
See the Nov. 5, 2015 edition for full coverage.
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