Lebanon – Decision to make health contracts renewable
Wednesday, 04 18 2018, Category: Insurance and Reinsurance, Country: Lebanon
Mr. Raed Khoury, Minister of Economy and Trade indicated that “it is not acceptable to have health and hospitalization insurance contracts, which are not guaranteed to be renewable. Therefore, the employee reaches retirement age without having a health cover”. He announced that that the renewal guarantee for health insurance contracts whether they are individual and group will be applied to in-force and new contracts within one month of the issuance of the decision.
This statement was made during a press conference held by the Insurance Control Commission in the presence of the vice-president the Lebanese Insurance Association (ACAL) Mr. Abdoh Khoury, Mr. Fateh Bekdache vice-chairman of the national compulsory insurance organization, Mr. Elie Hanna president of the brokers association LIBS, the secretary general of ACAL Mr. Jamil Harb.
Source: Al Mustaqbal