An Act to provide for the regulation of the insurance industry; provide for the supervision of insurers, reinsurers and intermediaries; provide for the financial regulation of insurers, reinsurers and intermediaries; provide for the regulation and supervision of microinsurance businesses; provide for the management and shareholding of insurers, reinsurers and intermediaries; provide for the auditing and corporate responsibility of insurers, reinsurers and insurance brokers; continue the existence of the Policyholders’ Protection Committee and the Insurance Fidelity Fund; provide for the establishment of the National Reinsurance Company; give effect to the Agreement establishing the African Reinsurance Corporation and the Agreement establishing the ZEP-RE (Preferential Trade Area Reinsurance Company); repeal and replace the Insurance Act, 1997; and provide for matters connected with, or incidental to, the foregoing.