14 43 Payment for goods and services (1) Where a licensed investor operating in an export processing zone supplies goods and services to customers within the customs territory that investor shall be entitled to receive payment for such goods and services in foreign currency. (2) Where a person within the customs territory supplies goods and services to a licensed investor established within an export processing zone, that person shall be entitled to receive payment for such goods or services in foreign currency. (3) Subject to subsection (2), where a person within the customs territory supplies insurance services within an export processing zone, that person may, subject to any approval required under the Exchange Control Act [Chapter 22:05], operate a foreign currency account funded from any foreign currency received as payment for premiums. 44 Foreign currency accounts and payments in foreign currency (1) Every licensed investor carrying on an approved activity within an export processing zone may, subject to any approval required under the Exchange Control Act [Chapter 22:05], operate a foreign currency account with any bank within the export processing zone or in the customs territory or outside Zimbabwe. (2) Where any person who is regarded as a resident of Zimbabwe for the purpose of the Exchange Control Act [Chapter 22:05] has any interest in an approved activity within an export processing zone, payment of interest, dividends or profits shall be made to such resident in foreign currency. 45 Insurance business (1) In this section— “Commissioner of Insurance” means the Commissioner of Insurance as defined in section 2 of the Insurance Act [Chapter 24:07]. (2) All insurance business carried on in an export processing zone shall be subject to the Insurance Act [Chapter 24:07]. (3) The Authority shall not grant approval to any person to carry on insurance business in an export processing zone unless that person— (a) is registered in Zimbabwe in accordance with the Insurance Act [Chapter 24:07] and has obtained the approval of the Commissioner of Insurance to operate in an export processing zone; or (b) if not so registered, has obtained the approval of the Commissioner of Insurance in respect of the proposed business; and has obtained any approval required under the Exchange Control Act [Chapter 22:05]. (4) Any insurance company, broker, agent, or sub-agent may, with the approval of the Authority and the Commissioner of Insurance, establish a branch within an export processing zone for the conduct of insurance business therein: Provided that any such approval shall be subject to such conditions as the Authority and the Commissioner of Insurance may consider necessary. (5) Any person granted approval in terms of this section shall— (a) keep such records in such form and containing such particulars; and (b) make such reports at such times; as may be required by the Commissioner of Insurance, and shall permit the Commissioner of Insurance or any person authorized by him at all reasonable times to inspect and examine such records and any documentation relevant thereto. (6) Where a person conducting insurance business establishes a branch in an export processing zone in terms of subsection (3), the Authority shall permit the Commissioner of Insurance or any person authorized by him to enter that export processing zone for the purpose of carrying out the inspection or examination of records referred to in subsection (5).