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International Association of Insurance Supervisors

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The International Association of Insurance Supervisors (IAIS) was established in 1994. The IAIS represents insurance regulators and supervisors of some 190 jurisdictions in nearly 140 countries, constituting 97% of the world's insurance premiums. It also has more than 120 observers. Its objectives are to:

 

·         Cooperate to contribute to improved supervision of the insurance industry on a domestic as well as on an international level in order to maintain efficient, fair, safe and stable insurance markets for the benefit and protection of policyholders

 

·         Promote the development of well-regulated insurance markets

 

·         Contribute to global financial stability

 

Please visit our website which is designed to provide you with an overview of the activities of the IAIS and give you access to its publications.

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From The Glossary »

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MMF:

Multilateral motor vehicle fund. This is a state insurer that provides compulsory third party liability insurance for motorists. The premiums are paid via purchases of petrol. Modified preliminary A policy reserve computed to allow for some of the higher term reserve first year expenses on a policy.
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