The UAE Insurance Authority has rolled out new regulations regarding life insurance and family takaful, following an almost three-year consultation period. The legislation was initially released several weeks ago in Arabic but now the regulator has released the details of the ‘Decision Pertinent to Regulations for Life Insurance and Family Takaful' in English. Upon the publishing of the legislation in the Official Gazette, firms will have six months to put it in place. The new rules w...
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