Monday, September 6, 2010
Working Towards Financial Stability For The Benefit Of The People
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Exchange Rates
(in Afl.)
Current as of:
| Currency | Sell |
|---|---|
| ANG (per 100) | 100.20 |
| USD | 1.80 |
| CAD | 1.74 |
| CHF (per 100) | 176.72 |
| GBP | 2.78 |
| EUR (per 100) | 231.60 |
Supervision - Insurance companies
On July 1 2001, the State Ordinance on the Supervision of the Insurance Business (SOSIB) (AB 2000 no. 82) was enacted. This ordinance provides the Bank with a solid legal framework to supervise life and general insurance companies, both onshore and offshore.
Insurance companies operating in or from Aruba need to obtain a license from the Bank to conduct their activities. Reference is made to the Bank's admission policy for insurance companies. Licensed institutions have to comply continuously with the Bank's supervisory directives and guidelines for insurance companies.