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Insurers Get More Time

Insurers Get More Time

The Financial Regulatory Authority (FRA), through decisions issued by its board chaired by Islam Azzam, extended the deadline for insurance companies and related activities to increase their capital and regularize their status until July 2027, under Decision No. 199 of 2026. Under Decision No. 200, it also extended the deadline for risk assessment and damage inspection experts until July 10, 2027. Decision No. 212 granted insurance companies and managing general agents (MGAs) an additional three months, until January 21, 2027.

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