Dominican Republic Puts Out Welcome Mat For U.S. Insurance Companies
Mondaq Business Briefing › Dominican Republic Law Articles in English (2004)
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Dominican Republic Puts Out Welcome Mat For U.S. Insurance Companies
When the Dominican Republic enacted a new insurance law last summer, it affirmed its interest in having insurance companies from the United States and other countries operate in the Dominican Republic. The new law also makes clear what requirements insurers from the U.S. and elsewhere must meet to enter the Dominican market.
Basic RequirementsThe law sets forth separate requirements for local insurers and for foreign insurers operating in the Dominican Republic.A local insurer must be established as a commercial company, in accordance with the Dominican Commerc...See the full content of this document
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