Kuwait - Six insurance companies suspended
Friday, 05 03 2019, Category: Insurance and Reinsurance, Country: Kuwait
Commerce and Industry Minister Khaled Al-Roudhan issued six decisions to suspend the licenses of six insurance companies for three months or until the violation is removed, whichever is earlier. The companies are: Ain Takaful, Aman Takaful, Ghazal Takaful, Dar Al-Salem Takaful, Kuwait-Qatar Takaful and Ilaf Takaful. The decisions stipulated that insurance policies issued by the said companies before the suspension remain valid, while the companies will continue payments and compensations due on them. Meanwhile, informed sources said some companies that were threatened to be suspended by the commerce and industry ministry rectified their status, while others where on sound grounds.
Source: Kuwait Times