Regulatory Alerts2019-01-01
Decision No. 181 of 2019 on Disclosure Controls for Insurance Broker Commissions
The Financial Regulatory Authority (FRA) issued Decision No. 181 of 2019 to establish standardized disclosure controls for commissions payable to insurance brokers. The regulation mandates transparent reporting of commission values by insurers and intermediaries, ensuring consistent disclosure practices across the sector. These requirements apply to all licensed insurance entities and aim to enhance market transparency and protect policyholder interests.
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