Regulatory Alerts2009-12-27
Cabinet Resolution No. 42 of 2009 Concerning Insurance Company Minimum Capital Regulations
The UAE Cabinet issued this resolution to establish minimum capital requirements for insurance and reinsurance companies operating within the State. It mandates a minimum paid-up capital of AED 100 million for standard insurers and AED 250 million for reinsurance entities, while requiring at least 51% ownership by UAE or GCC nationals. The document further regulates capital increases and reductions through the Insurance Authority and mandates that existing companies comply with these provisions within three years.
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