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CBUAE imposes an administrative sanction on an Insurance Company operating in country

Newsroom Editor by Newsroom Editor
July 30, 2022
in Business
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CBUAE

The CBUAE works to ensure that all insurance companies operating in the UAE abide by UAE laws.

The Central Bank of the UAE (CBUAE) imposed an administrative sanction on an Insurance Company operating in the UAE, pursuant to the Federal Law No. (6) of 2007 on the Organisation of Insurance Operations, as amended.

On 18 May 2022, the CBUAE imposed a prohibition on the…



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