Insurance Ministry revokes licenses of 26 firms
The Insurance Authority has issued final decisions to revoke the licenses of 26 companies operating in the field of freelance insurance professions. These decisions are based on the Cooperative Insurance Companies Supervision System and the corrective measures announced on August 28, 2024. The aim of these measures is to enhance the confidence of stakeholders in the sector, protect the rights of policyholders and beneficiaries, and support the financial stability of the insurance industry. The revoked companies include several agencies and cooperative insurance companies, in order to promote transparency and efficiency in the insurance market.
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