The evolution of insurance law in Fiji: the past and present

Tiwari, Pradeep K. and Shukla, Gaurav (2022) The evolution of insurance law in Fiji: the past and present. Insurance Law Journal, 32 . pp. 33-51. ISSN 1030-2379

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Abstract

The legislative history of insurance in Fiji reflects two main objectives — prudential regulation and consumer protection. Consumer protection is essential in the industry not only as a goal in itself but also because the lack of consumer protection ultimately will prevent take-up of insurance and thus destroy the industry. In other words, customer satisfaction is not only the need for the insurance sector to survive it is the most essential factor for providing social security. Thus, it is often consumer protection and community concerns that drive the regulation of the industry, even where prudential regulation is concerned. The article takes up the historical development of insurance legislation during different times to understand the focus of lawmakers and keeping the customer satisfied.

Item Type:	Journal Article
Subjects:	K Law > K Law (General)
Divisions:	School of Law and Social Sciences (SoLaSS)
Depositing User:	Ms Shalni Sanjana
Date Deposited:	06 Jun 2022 23:03
Last Modified:	06 Jun 2022 23:03
URI:	http://repository.usp.ac.fj/id/eprint/13444

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