Insurance Companies may together establish one Insurance Pool or more, which include collective arrangements among several (Re)Insurance Companies, for the purpose of underwriting specific risks by contributing Premiums to a common fund that can be used to cover losses incurred by any Insured, and in order to provide insurance coverage of any type of insurance or any specific operation for the benefit of the pool, pursuant to the articles of association of each pool, and subject to the approval of the Central Bank.
Interpretation and application must be checked against the official text and current version.