The Chairman of the Board of Directors of the Insurance Authority,
Having pursued,
- The Federal Law No.)6( of 2007 on Establishment of the Insurance Authority & Organization of Insurance Operations, the amendments thereof and its Executive Regulation;
- The Insurance Authority Board of Directors’ Decision No. (25) of 2014 Pertinent to Financial Regulations for Insurance Companies;
- The Insurance Authority Board of Directors’ Decision No. (26) of 2014 Pertinent to Financial Regulations for Takaful Insurance Companies;
- The legislations, regulations, instructions and enforceable decisions issued by the IA;
- And, based on the recommendation of the Director General of the Insurance Authority and the approval of the Board of Directors,
Has resolved,