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The Increase of Competition and Decrease of Centralization and Conflicting Interests in the Capital Markets (Legislative Amendments) Law, published on 10th August 2005 and came into force in November 2005, cancelled the Insurance Business Control Law, and replaced it with the Financial Services (Insurance) Control Law.

Chapter One: Interpretation

Chapter Two: Commissioner of Insurance, Advisory Committee and Advisory Board

Chapter Three: Licensing

Chapter Four: Control of Insurance Business

Chapter Five: Protection of Interests of Insureds

Chapter Five A: Class Action

Chapter Six: Liquidation of Insurance Business

Chapter Seven: Maintaining Ability to Meet Liabilities and Proper Management

Chapter Seven A: Established Pension Funds - Appointment of Special Administrator,  Recovery Plan and Government's Aid

Chapter Eight: Discontinuance of Services

Chapter Nine: Transitional Provisions

Chapter Nine A: Penal and Civil Fine

Chapter Ten: Miscellaneous Provisions and Penalties

Addendums