IT is hereby notified that the Minister of Finance and Economic Development has, in terms of section 33 of the Insurance and Pensions Commission Act [Chapter 24:21], made the following regulations:—
Title
1. These regulations may be cited as the Insurance and Pensions Commission (Issuance of General Guidelines and Standards) Regulations, 2020.
Interpretation
2. (1) In these regulations—
“currency conversion” means the process through which any currency which has been legal tender in Zimbabwe is superseded by any other currency;
“insurance and pensions industry” means—
(a) in the case of insurance, any business of insurance or any other insurance related business carried out in terms of the Insurance Act [Chapter 24:07];
(b) in the case of pension, any business of pension and provident funds carried out in terms of the Pension and Provident Funds Act [Chapter 24:09].
