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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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Policy Date:

A date specified in the policy as the date from which premium payment dates are reckoned. It is also the date from which the incontestable clause and suicide time limits are measured, and the date from which policy years for non-forfeiture option purposes are measured. The policy date is frequently called the date of issue of the policy. It is usually the date of execution, unless a binding receipt was issued and the policy was dated prior to execution ...
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