Regulatory Alerts2020-11-19
Added · Updated
Insurance Authority Board Resolution No. 25 of 2020 on Grievance Procedures for Administrative Fines
The Insurance Authority Board of Directors issued Resolution No. 25 of 2020 to establish formal procedures for appealing administrative fines. The regulation mandates that interested parties submit justified grievances with supporting documentation within 15 days of notification. The Board is required to review these appeals and issue a decision to reject, amend, or cancel the fine within 60 days of submission.
More like this from CBUAE
CBUAE published 1 document in the last 30 days. We email you each new one the day it's published.
Topics
Share