The govt. is set to place value-added tax on insurance premiums beginning July 1. This excludes life insurance but includes health insurance and general insurance (home, commercial, auto, marine, contents, etc.). We talk with members of the Bahamas Insurance Association – Lyrone Burrows, President, Family Guardian; Timothy Ingraham, General Manager & Director, Summit Insurance; and Chairman of the Bahamas Insurance Association, Howard Knowles, President & Director, Shield Insurance – about the impact this will have on the insurance sector and on their customers.We also talk briefly about the government’s proposed National Health Insurance plan, and the ongoing CLICO debacle.
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