The Turks and Caicos Islands National Insurance Board was established under The National Insurance Ordinance No.10 of 1991 coming into effect April 6, 1992. The National Insurance is the sole provider of social insurance benefits to persons who are gainfully employed within the Turks and Caicos Islands between the ages of 16 and 65 years. The National Insurance Board (NIB) is a statutory body of the Turks and Caicos Islands Government.

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