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  • Considering the Application

    • Article (4)

      1. The Insurance Authority shall issue its decision to approve or reject the license application within a period not exceeding (20) working days from the date of the submission of the completed application. The Authority may associate its approval of granting the license with the conditions or restrictions it determines or suspend the granting of licenses in accordance with the public interest within the duration the authority deems appropriate.
         
      2. If the license application is approved, the Point of Sale shall be registered in the Register.