Federal Deposit Insurance Corporation Improvement Act 1991
Strengthened the power of the FDIC and introduced new capital requirements and supervisory standards for banks.
Strengthened the power of the FDIC and introduced new capital requirements and supervisory standards for banks.
Provided the basis for the insurance of bank deposits, overseen by the Federal Deposit Insurance Corporation (FDIC).
Regulate long-term insurance businesses, ensuring sound management and consumer protection.
Regulate short-term insurance businesses, ensuring sound management and consumer protection.
Clarifies the application of Section 5 of the Insurance Act, particularly regarding foreign entities insuring first-party risks in South Africa.