A Bill titled 'Plan of Arrangement - BAICO & CLICO Act" has been passed by Parliament.
Finance Minister & Prime Minister, Roosevelt Skerrit, introduced the Bill that will provide an arrangement or legal framework to aid in the resolution of the insolvency of British American Insurance Company and Colonial Life Insurance Company CLICO.
This is the first of several Bills for the 7th Meeting of the First Session of the 9th Parliament.
Skerrit says he has always publicly opposed to saving in insurance companies.
Skerrit says he and other regional leaders will continue to fight for the best interest of the people of the region.
Finance Minister, PM Roosevelt Skerrit
And MP for the Roseau Central Constituency Joseph Isaac has supported the bill that was brought about by the PM.
MP for the Roseau Central Constituency Joseph Isaac
DLP Senator, Robert Tonge ,has expounded on some of the policies that have been put in place in Dominica to prevent another BAICO, CLICO collapse.
DLP Senator Robert Tonge
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