Development and reform of the insurance sector is possible if the existing laws are properly implemented. Insurance Act-2010 provides for audit, investigation, appointment of administrators, removal of persons guilty of violation of law and embezzlement and recovery of embezzled money. As a result, proper implementation of the Insurance Act 2010 is necessary for reforming the insurance sector. And for this, it is not the amendment of the Insurance Act, but the good will of the regulatory body for the proper implementation of the Act. details
