Chairman of the Insurance Authority,

Having perused:

- Federal Law No. (6) of 2007 concerning the Establishment of the Insurance Authority and the Organization of Insurance Operations, the amendments thereof and its Executive Regulation;
- Insurance Authority Board of Directors’ Resolution No. (49) of 2019 Concerning Instructions for Life Insurance and Family Takaful Insurance;
- Based on the recommendation of the Director General of the Insurance Authority and the approval of the Board of Directors;

Has resolved,

Article (1)

The period granted to the entry into force of the provisions of the Insurance Authority Board of Directors’ Resolution No. (49) of 2019 Concerning Instructions for Life Insurance and Family Takaful Insurance shall be extended for an additional period of (six of months), starting from 16/4/2020.

Article (2)

The Director General shall issue the necessary decisions and circulars to implement the provisions of the resolution herein.

Article (3)

The provisions of the Resolution herein shall come into force as from the day of its issuance and shall be published in the Official Gazette .