UAE – Insurance Law changes in 2018
Monday, 10 30 2017, Category: Insurance and Reinsurance, Country: U.A.E
Mr. Ibrahim Obaid Al Zaabi, Director General of the Insurance Authority said that the amendments to the federal law No 6 of year 2017 regarding the foundation of the Insurance Authority and its activities have been finalized and they will bill issued during the first quarter of year 2018.
Moreover, Mr. Al Zaabi added to “Economic Al Bayan” on the margins of “FinTech Abu Dhabi Summit” that the amendments gave more prerogatives of the Authority such as the right to issue laws, rules, instructions and decisions related to the investments of insurance companies, money laundering, terrorism financing and insurance companies’ ownership rules.
Source: Al Bayan – UAE