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International Monetary Fund
This report presents a Detailed Assessment of the Observance of the Insurance Core Principles Report on Jersey. Other than the international business, most cover is obtained from insurers based overseas by the large insurance broker community on the island. There is no ombudsman and no policyholder compensation arrangements for insurance business on the island. Jersey has its own company’s legislation, but has no local accounting or actuarial standard-setting bodies and it looks to other jurisdictions, especially the United Kingdom, for its framework of accounting, auditing, and actuarial standards.
International Monetary Fund

Standards levy, industrial training levy, insurance levy, business permit fee (payable by Nairobi residents to the Nairobi City Council), Transport Licensing Board fees, and various other license fees (payable to the Nairobi City Council). There is also a catering levy, the National Hospital Insurance Fund, the fuel levy, the motor vehicle road license fee, the import declaration form fee, television and radio license fees, driving license fees, the rural electrification levy, the Electricity Regulation Board levy, and the exchange rate surcharge (levied by Kenya Power

International Monetary Fund

those on petroleum products and weaponry; (iii) reduced the list of import bans for religious, health, and ecological reasons to 10 products; (iv) opened 51 offices across the country to expedite approval of business permits; (v) lowered the floor on Foreign Direct Investment (FDI) in the non-oil sector from US$50 million to US$1.5 million; and (vi) established a negative list for non-oil FDI limited to retail trade, wholesale trade, and importation. Also, the authorities issued a decree requiring that all FDI in the non-oil sector be undertaken through joint ventures