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Financial Authority Extends Insurance Law Deadline
The General Authority for Insurance Supervision has decided to extend the final deadline for companies and entities operating in the insurance sector to comply with the Unified Insurance Law No. (155) of 2024 by an additional year, until July 11, 2027. This extension aims to facilitate the implementation of the law and promote the development of the sector. The extension comes in response to new regulatory conditions and a commitment to enhance the efficiency of insurance products and stimulate digital innovation, while continuing to issue regulatory decisions to facilitate risk management and reinsurance in the sector.
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