Uganda Insurance Commission
Encyclopedia
The Uganda Insurance Commission was established by an Act of Parliament
in 1996. According to its website
, the mandate of the commission is "to supervise
and regulate
the insurance industry in Uganda
." Commission office
s are located in Kampala
; the position of Commissioner of Insurance is currently vacant.
s, loss adjusters, insurance surveyors and claims agent
s in Uganda.
Act of Parliament
An Act of Parliament is a statute enacted as primary legislation by a national or sub-national parliament. In the Republic of Ireland the term Act of the Oireachtas is used, and in the United States the term Act of Congress is used.In Commonwealth countries, the term is used both in a narrow...
in 1996. According to its website
Website
A website, also written as Web site, web site, or simply site, is a collection of related web pages containing images, videos or other digital assets. A website is hosted on at least one web server, accessible via a network such as the Internet or a private local area network through an Internet...
, the mandate of the commission is "to supervise
Supervisor
A supervisor, foreperson, team leader, overseer, cell coach, facilitator, or area coordinator is a manager in a position of trust in business...
and regulate
Regulate
Regulate may refer to:* Regulation* Regulate...G Funk Era, an album from rapper Warren G** Regulate , title song from the album...
the insurance industry in Uganda
Uganda
Uganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...
." Commission office
Office
An office is generally a room or other area in which people work, but may also denote a position within an organization with specific duties attached to it ; the latter is in fact an earlier usage, office as place originally referring to the location of one's duty. When used as an adjective, the...
s are located in Kampala
Kampala
Kampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
; the position of Commissioner of Insurance is currently vacant.
Activities
Responsibilities of the UIC include licensing of risk managers, loss assessorAssessor
An assessor may be:* Assessor , the assistant to a judge or magistrate* Assessor , a senior officer of the University of Oxford* Assessor , an expert who calculates the value of property...
s, loss adjusters, insurance surveyors and claims agent
Claims adjuster
Claims adjusters investigate insurance claims by interviewing the claimant and witnesses, consulting police and hospital records, and inspecting property damage to determine the extent of the company’s liability. In the United Kingdom, Ireland, Australia, South Africa, the Caribbean and New Zealand...
s in Uganda.