Retail Brokers and Reinsurance Brokers must be registered with the Superintendency. This is an active market for reinsurance ceded business due to the size of risks in relation to the financial size and strength of local Insurers. Standard fire perils include - fire and lightning. Available on a selective and limited basis by some Insurers. Local forms follow UK Loss of Profits and U.S. Gross Earnings forms.
Forms are similar to UK and U.S. contracts.
Inspections are not required. Policy can be written on an occurrence form. Coverage applies to Insured and any individual driving with the Insured's permission. Business fleet policies are available. Employees send abroad are not included.