Regulatory Alerts2019-01-01
Decision No. 17 of 2019
The Financial Regulatory Authority issued Decision No. 17 of 2019 to exempt micro-insurance contracts and recipients of micro-finance from the fees for reviewing and approving new insurance forms and policies. This exemption applies to the service charges previously established under the Authority's Board of Directors Decision No. 152 of 2018. The ruling ensures reduced administrative costs for micro-insurance stakeholders while maintaining regulatory compliance through standardized form and policy approvals.
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