Skip to main content
Back Custom print Text Only Rich Text Print

  • Chapter One Insurance Operations and Its Types

    • Article (4)

      In implementing the provisions of the law herein the direct insurance operations shall be divided into three types:

      1. Life assurance and funds accumulation operations
      2. Properties insurance
      3. Life liability insurance

      The executive regulation of the law herein shall determine others may be enlisted under each of the three types.

    • Article (5)

      Insurance operations shall include the relevant activities of the types provided for in Article (4) of the law herein and as well shall include re-insurance, insurance agents, and actuaries, insurance brokers, loss and damage adjusters and insurance consultants' activities.