Regulatory Alerts2021-01-01
Decision No. 59 of 2021 Regarding Controls for Disclosing Insurance Broker Commissions
The Financial Regulatory Authority issued Decision No. 59 of 2021 to establish mandatory disclosure controls for commissions payable to insurance brokers. The regulation requires licensed intermediaries to transparently report all commission structures and payments to ensure market transparency and protect policyholders. Compliance with these standardized disclosure requirements strengthens regulatory oversight and aligns broker remuneration practices with national insurance sector standards.
Share