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Insurance Institute of Zambia (IIZA)

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The Insurance Institute of Zambia (IIZA) is the national professional body for insurance and insurance related activities professionals in Zambia. It was officially registered on 18th September 2005 under the Societies Act and launched on 31st March 2006 at Mulungushi International Conference Centre, by the then Deputy Minister of Finance & National Planning , Honorable Kapembwa Simbao, MP.

Please visit our website for more information about the Institute and the Zambian insurance industry.

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From The Glossary »

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Limits, Standard:

A term applied to bodily injury and property damage insurance. A policy written with standard limits restricts the liability of the insurer to a specified amount. line In treaty reinsurance a line is equal to a ceding company’s retention. The capacity of a surplus treaty is normally described in terms of the number of lines it contains. The term is also loosely used to describe: _ a class of business, and _ an underwriter’s interest in a risk ...
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