Kuwait – Finalization of 75% of the insurance law
Monday, 09 19 2016, Category: Insurance and Reinsurance, Country: Kuwait
“Annahar-Kuwait” was informed by informed by informed sources that the legal committee commissioned to study and draft the new insurance law finalized 75 articles of the new insurance law project out of a total of 100 articles included in the draft law. Therefore, it completed 75% of the new law if the chapter related to the insurance authority is removed. The sources said that the committee would finalize the preliminary draft of the insurance law soon before the end of the current month in collaboration with the Insurance Department indicating that it will ultimately be submitted to competent authorities for discussion and approval noting that the ministry will seek the National Assembly endorsement before the end of year 2016.
Source: Annahar - Kuwait