There are no restrictions on foreign ownership. There are not yet any reinsurance pools for special risks. Brokers are not allowed to place, service or otherwise be involved with compulsory coverages. Standard fire perils include - fire, lightning, explosion and falling aircraft. Vandalism, terrorism are available in the market for an additional premium charge.
Policies are available on either an occurrence or a claims made basis.
Passengers are deemed to be Third Parties. Workers' Compensation and Employer's Liability are compulsory coverages and are included under the Social Security Scheme. Extra-Territorial Benefits are not included in the Scheme. Medical Expenses and Occupational Disease benefits are included. Imports and exports need not be locally insured.