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The Supervisor of Insurance is tasked with the administration of the Insurance Act, Act No. 11 of 2004 and the Insurance Regulations and the Motor Vehicle Insurance (Third Party Risks) Act, Chapter 231 of the Laws of Belize.

The primary responsibility of the Supervisor of Insurance is supervision of the insurance industry. Supervision entails the annual licensing of insurance companies, association of underwriters and insurance intermediaries. The Supervisor of Insurance conducts both on-site and off-site supervision of all licenses and also receives complaints from the general public on the conduct of insurance licenses.