Tanzania Insurance Regulatory Authority (TIRA)

TheĀ  Authority is established under the the Insurance Act No.10 of 2009 as follows:

  • There is established a body to be known as the Tanzania Insurance Regulatory Authority.
  • Subject to the general supervision of the Minister, the Authority shall be charged with the responsibility of coordinating policy and other matters relating to insurance in the United Republic.
  • TheĀ  Authority shall be a body corporate with perpetual succession and a common seal and shall, in its corporate name, be:-
    (a) Capable of suing and being sued;
    (b) Capable of borrowing money,acquiring and disposing of property
    (c) Capable of doing all other things which a body corporate may lawful do.