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UAE Central Financial institution has canceled the licenses of two insurance coverage firms, Al-Nawras and Al-Sharafa, for insurance coverage companies from the insurance coverage brokers’ registry, in accordance with the provisions of the relevant Insurance coverage Brokers’ Rules.
The Central Financial institution operates by its supervisory and regulatory duties to make sure the compliance of all insurance coverage firms and associated professions with the prevailing legal guidelines within the nation and the rules of the Central Financial institution. That is aimed toward sustaining transparency and integrity within the insurance coverage sector and defending the monetary system of the nation.
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