Published : Sep-2020
No. of Pages : 53
1 INTRODUCTION
1.1 What is this Report About?
1.2 Definitions
2 GOVERNANCE, RISK AND COMPLIANCE
2.1 Legislation Overview and Historical Evolution
2.2 Latest Changes in Regulation
2.3 Legislation and Market Practice by Type of Insurance
2.3.1 Life insurance
2.3.2 Property insurance
2.3.3 Motor insurance
2.3.4 Liability insurance
2.3.5 Marine, aviation and transit insurance
2.3.6 Personal accident and health insurance
2.4 Compulsory Insurance
2.4.1 Motor third-party liability insurance
2.4.2 Workers' compensation
2.4.3 Aviation third-party liability insurance
2.4.4 Liability for ships with respect to oil pollution
2.4.5 Professional indemnity insurance for (re)insurance intermediaries
2.5 Supervision and Control
2.5.1 Association of Insurance Supervisors Latin America
2.5.2 Superintendence of Banks and Other Financial Institutions
2.6 Non-Admitted Insurance Regulations
2.6.1 Overview
2.6.2 Intermediaries
2.6.3 Market practices
2.6.4 Fines and Penalties
2.7 Company Registration and Operations
2.7.1 Type of insurance organization
2.7.2 Establishing a local company
2.7.3 Foreign ownership
2.7.4 Types of license
2.7.5 Capital requirements
2.7.6 Solvency margin
2.7.7 Reserve requirements
2.7.8 Investment regulations
2.7.9 Statutory return requirements
2.7.10 Fee structure
2.8 Taxation
2.8.1 Insurance premium or policy taxation
2.8.2 Withholding taxes on premium paid overseas
2.8.3 Corporate tax
2.8.4 VAT
2.8.5 Captives
2.9 Legal System
2.9.1 Introduction
2.9.2 Access to court
2.9.3 Alternative dispute resolution (ADR)
3 APPENDIX
3.1 Methodology
3.2 Contact GlobalData
3.3 About GlobalData
3.4 GlobalData's Services
3.5 Disclaimer
List of Tables
Table 1: Insurance Industry Definitions
Table 2: Nicaragua - Insurance Regulatory Framework Key Features
Table 3: Nicaragua - Life Insurance Regulatory Framework
Table 4: Nicaragua - Property Insurance Regulatory Framework
Table 5: Nicaragua - Motor Insurance Regulatory Framework
Table 6: Nicaragua - Liability Insurance Regulatory Framework
Table 7: Nicaragua - Corporate Tax Rates for the Financial Year 2020
List of Figures
Figure 1: Nicaragua - Insurance Supervision and Control at Various Levels
Figure 2: Nicaragua - Insurance Regulatory Frameworks for Company Registration and Operation
