The Isle of Man Insurance and Pensions Authority (IPA) has introduced new regulations which allow bodies other than limited companies to carry on insurance business in or from the Island.
The Insurance (Limited Partnerships) Regulations amend the Insurance Act 1986, and the Insurance Regulations 1986, to allow limited partnerships to carry on insurance business.
The new regulations attempt to introduce a regulatory framework for limited partnerships that mirrors that already established for limited companies.
The new regulations became effective from the beginning of August.
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