Amendments come into effect on January 1st
The chief executive of the Financial Services Authority insists customers WILL notice changes to regulations in the insurance sector.
Measures are being taken to bring them in line with international expectations after more than four years of planning.
The amendments brought about by the Insurance Code 2018 come into effect on 1 January.
Karen Badgerow says the changes aim to reflect similar moves in neighbouring jurisdictions.
Isle of Man faces renewed scrutiny ahead of Moneyval inspection
Concerns raised over anti-money laundering effectiveness as international assessment approaches
Mobile classroom proposed for UCM horticulture compound
Application aims to reduce disruption and improve access for practical lessons
Chance to learn more about career opportunities on Island
Registration open for young adult and graduate fair
Report highlights risks of environmental crime entering financial system
Financial Intelligence Unit urges greater awareness after survey finds low preparedness across regulated sector