Regulatory Alerts2020-05-13
Insurance Authority Board of Directors' Resolution No. (20) of 2020 Concerning the Extension of Submission Periods for Financial Data and Reports
The Insurance Authority Board of Directors issued Resolution No. (20) of 2020 to extend the deadlines for insurance and Takaful companies to submit quarterly and annual financial statements by an additional 45 days, ending on June 30, 2020. The resolution grants the Director General the authority to issue necessary decisions and circulars to further extend submission periods for required financial statements and reports from the sector. This measure was implemented based on the Director General's recommendation and approved by the Board to facilitate compliance with financial regulations.
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