23 Hrs
Source:
الوطن
Financial Services issues insurance loss regulation
The Financial Services Authority in the Sultanate of Oman has issued a regulatory regulation for conducting accident investigation and estimation of insurance losses, aiming to improve the quality of insurance services and protect policyholders' rights. The regulation specifies licensing requirements, standards of competence and professionalism for personnel, and emphasizes the importance of adhering to principles of integrity, neutrality, and data confidentiality. It also regulates the procedures for inspection and estimation to ensure objective and reliable loss assessments, enhance operational independence, and reduce conflicts of interest.
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