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New Administrative Fines Imposed by the UAE Insurance Authority

March 2019 - Corporate & Commercial. Legal Developments by Afridi & Angell.

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On 6 January 2019, UAE Cabinet Resolution No. 7 of 2019 Concerning the Administrative Fines Imposed by the Insurance Authority was published in the UAE Official Gazette, which lists a total of 204 items that are considered to be violations by the Insurance Authority and their corresponding penalties. This resolution will come into force on 6 April 2019 and will apply to any person, company or insurance-related professional that commits any of the violations listed in the resolution. 

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