Gazetted on 10th September 2021 [General Notice 2637/2021]
To regulate the carrying of insurance business in Zimbabwe; to repeal the Insurance Act [Chapter 24:07]; and to provide for matters connected with or incidental to the foregoing.
ENACTED by the Parliament and the President of Zimbabwe.
1 Short title
This Act may be cited as the Insurance Act, 2021.
2 Application of Act
This Act shall not extend or apply to—
(a) an association of individuals with no share capital established for the purpose of rendering aid to its members or their dependants, commonly called a friendly society, which does not at any time after the appointed
day employ a person whose main remunerated occupation consists of inducing persons to become members of the association or collecting from members of the association contributions or subscriptions towards
the association’s funds; or