10 Hrs
Source:
كويت نيوز
Kuwait Insurance Regulator Takes Action
The Kuwait Insurance Regulatory Unit announced the referral of three insurance brokerage companies to the Public Prosecutor's Office due to suspicions of crimes related to legal violations. This action is based on the Insurance Regulation Law, aiming to safeguard the rights of policyholders and market participants. Additionally, warnings were issued to four insurance companies for violating the same law, emphasizing the need to rectify these breaches to avoid suspension. The ministry confirms its continued strict oversight and efforts to enhance compliance, with the goal of protecting the rights of all parties involved and promoting transparency and stability in the insurance market.
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