The Central Bank revokes the license of Al Fazaa Company from the insurance agents' register

The Central Bank of the United Arab Emirates decided to remove (Al-Fazaa) from the insurance agents’ register, in accordance with the regulatory provisions for insurance agents’ work in force.  

The Central Bank works, through its oversight and supervisory functions, to ensure that all insurance companies and insurance-related professions comply with the laws in force in the country and the regulations and standards approved by the Central Bank, with the aim of preserving the transparency and integrity of the insurance sector and the financial system of the country.

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