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Dar es Salaam, Tanzania Attorneys in related practice areas.
The insurance sector in Tanzania, and particularly in the bustling city of Dar es Salaam, is regulated under the guidance of the Insurance Act of 2009, and the overseeing authority of the Tanzania Insurance Regulatory Authority (TIRA). The Act covers diverse insurance aspects including motor vehicle insurance, life insurance, and property and casualty insurance. Compliance with insurance regulations is of utmost importance in Tanzania, and this extends to Dar es Salaam, where insurance fraud or failure to observe stipulated insurance provisions can be penalized.
If you are having disputes with your insurance company regarding a claim, coverage disputes, broker malpractice or you feel you are a victim of insurance bad faith, you may need a lawyer. It might also be beneficial to engage a lawyer when purchasing insurance, to ensure that the contract benefits you and meets your specific needs. Legal professionals specializing in insurance law can guide you in understanding the fine print of these complex contracts. Additionally, businesses operating in Dar es Salaam may also require lawyers to comply with commercial insurance regulations.
The central pieces of legislation in this field are the Insurance Act of 2009 and the Tanzania Insurance Regulatory Authority (TIRA) Act of 2009. These laws are designed to regulate and supervise insurance businesses and practices. For any disputes regarding an insurance claim or to launch a complaint against an insurer, insured parties can approach the TIRA. For motor vehicle insurance, the law mandates all vehicle owners to have a minimum of third-party insurance. Life and health insurance laws, meanwhile, stipulate that beneficiaries must have insurable interest in the covered person. The Act also has stringent rules against insurance fraud and provides for punishments in case of violations.
Yes. You can have as many policies as you want as there are no restrictions stipulated in the Tanzanian Insurance Act.
Unlike motor vehicle insurance, health insurance is not mandatory but it is encouraged.
As stipulated in the Tanzanian Insurance Act, an insurance company has a maximum of 90 days to settle a claim from the date the claim is launched.
If an insurer denies a claim without a valid reason, this is considered malpractice. You have the right to take the matter to TIRA or seek legal recourse.
Third-party motor vehicle insurance covers liabilities incurred for death or bodily injury to any person, including passengers, and any damage to property that is a direct result of your vehicle's movements.
In case you are victims of insurance fraud, you should report to the TIRA and law enforcement authorities. It is also advisable to consult with a lawyer.
Not all types of business insurance are mandatory, but an employer's liability insurance is required if you have any number of employees.
Yes. If an insurance broker has been negligent or fraudulent in their dealings which has resulted in financial loss, you can take legal action against them.
Yes. As long as the property is situated within Tanzania, it can be insured.
In the event of a breach of an insurance contract, the wronged party can approach TIRA or proceed with filing a lawsuit for compensation and damages.
The Tanzania Insurance Regulatory Authority (TIRA) is a valuable source of information and guidance relating to insurance laws in Tanzania, including those specific to Dar es Salaam. It is responsible for enforcing and regulating adherence to insurance laws and can be approached for any complaints or doubts regarding insurance matters.
If you need legal assistance in insurance, it is recommended to consult a lawyer who specializes in insurance law in Tanzania. A lawyer can guide you through the intricate details of the law and ensure that your interests are protected.
