Superintendent of Insurance Michele Fields said yesterday it is critical to the insurance industry that The Bahamas be removed from the European Union’s (EU) blacklist during next year’s assessment.
Insurance Commission Continues Its Partnership With Lupus 242 znsbahamas.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from znsbahamas.com Daily Mail and Mail on Sunday newspapers.
It is widely accepted that the government of The Bahamas is cash-strapped. One may be convinced otherwise given the things successive governments continue to commit to, but the numbers do not lie. Therefore, maximizing tax collection is extremely important. However, no government entity has perhaps fallen out of favor more in the past two years
Minister of Economic Affairs Michael Halkitis said yesterday that the intent behind an Insurance Commission of The Bahamas advisory was to gather information, as the government considers whether to take the advice of the International Monetary Fund (IMF) regarding a minimum holding of government securities. The advisory, which was published on May 19, stated that