UAE – Ins. Authority: The promises in advertisements should be real
Monday, 10 12 2020, Category: Insurance and Reinsurance, Country: U.A.E
The Insurance Authority confirmed that the announcements issued by insurance companies and professions related to insurance must be true, whether in terms of the promises they make or the benefits and benefits they provide.
It explained that it is not permissible for the advertisement or publication issued by insurance companies operating in the market or professions related to insurance to contain unreal promises or suggestions or impressions of benefits and benefits that do not correspond to the actual reality.
The authority added, in a disclosure to it, that this is an inherent right of the public, and failure to comply with it exposes companies that violate the procedures and fines stipulated in the law.
Source: Teller Report