The Objects of the Bill are:
a. provide for the regulation of the insurance industry;
b. provide for the supervision of insurers, reinsurers and intermediaries;
c. provide for the financial regulation of insurers, reinsurers and intermediaries;
d. provide for the regulation and supervision of microinsurance businesses;
e. provide for the management and shareholding of insurers, reinsurers and intermediaries;
f. provide for the auditing and corporate responsibility of insurers, reinsurers and insurance brokers;