Skip to main content
Entire section Custom print Text Only Rich Text Print

Article (53): Policies Issued by Insurance Companies

The companies engaged in insurance business for persons and fund accumulation operations may not differentiate between the policies issued of the same type; in terms of insurance rates, or the proportion of profits distributed to policyholders or other requirements, unless such differentiation arises from a life expectancy variations for policies where the lifetime has an effect, except for:

1)

Reinsurance policies;

2)

Insurance Policies of amounts that enjoy certain discounts according to the price lists communicated to the CBUAE; and

3)

Insurance Policies that include special conditions on the life of members of a single family or a group of individuals related by a single profession or job or any other social relation.