Insurances

According to the law the insurance companies can carry out either general insurance business or life business.

The classification of risks under general business includes, inter alia, the classes of Accident, Insurance, Motor Insurance, Aircraft, Marine (hull and cargo), Fire Insurance, Liability Insurance, Loss of Profit etc and the classification of Risks under Life Insurance includes, inter alia, the classes of Life Insurance, Health Insurance and Others.

Motor Insurance and Liability Insurance are the only kinds of insurance for which cover is compulsory by law.

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