UAE - Insurance Authority suspends 3 companies
Thursday, 05 17 2018, Category: Insurance and Reinsurance, Country: U.A.E
The UAE Insurance Authority has suspended the work of three brokerage firms and an insurance agency for administrative and financial irregularities until correction.
"Al Salam" insurance services were suspended for 6 months until the correction of their status, and the company "Dolphin" corrected a month or until.
The Commission has also decided to prevent the Equator Company for insurance agents from pursuing the profession of insurance agent for one month or until the situation is corrected.