Regulatory Alerts2014-12-28
Insurance Authority Board Decision Number (25) of 2014 Pertinent to Financial Regulations for Insurance Companies
The Insurance Authority of the United Arab Emirates issued Board Decision Number (25) of 2014 to establish comprehensive financial regulations for insurance companies operating within the State. The document mandates strict requirements for policyholder rights investment, solvency margins, technical provisions calculation, and the maintenance of accurate accounting records and reports. It further defines key regulatory terms and outlines general provisions including penalties for non-compliance and procedures for aligning operations with the new standards.
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