Oman – Compulsory health ins. to be implemented
Wednesday, 05 30 2018, Category: Insurance and Reinsurance, Country: Oman
H.E. Abdullah bin Salim Al Salmi Executive President of the Capital Market Authority said that the draft unified compulsory health insurance contract has been finalized. It will cover the employees of the private sector and the project is currently being reviewed by concerned parties.
Moreover, he said during an interview with the economic “Oman Daily” that the compulsory health insurance is about to be adopted, so the Authority took steps to implement it such as the preparation of the legislative and regulatory framework. He added that the results of the actuarial study on health insurance prices would be delivered before the end of the month in order to assess the risks of the health insurance law and price the services as well as finance the contributions according to internationally accepted standards.
Source: Oman Daily