Work is advanced on the proposed Microinsurance Bill, which is expected to be tabled in Parliament before the end of the current fiscal year in March next year.

This was disclosed by Minister of Finance and the Public Services Dr Nigel Clarke who said he anticipates the legislation’s passage during the 2022/23 fiscal year, which starts on April 1, 2022.

“The Ministry of Finance and the Public Service has been working with the Office of the Parliamentary Counsel and the Attorney-General’s chambers to bring this legislation to life. It is, therefore, my expectation that microinsurance will become a reality in