Tanzania: Regulator Bans 4 Insurance Brokers, Puts 2 Under Probe

THE Tanzania Insurance Regulatory Authority (TIRA) has revoked licences for four insurance brokers while two others have been submitted to Director of Criminal Investigation (DCI) over alleged malpractices contrary to Insurance Act 10 of 2009.

Speaking to reporters at TIRA headquarters in Dar es Salaam, Thursday, the authority's Commissioner Dr Baghayo Saqware said the decision to annul the licences was undertaken after receiving complaints from customers related to malpractices.

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