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Article (1)

Effective from 20/4/2016

Without prejudice to any penalty prescribed by any applicable legislation, the impact of the disciplinary penalty imposed on any person practicing any insurance related-profession and / or an employee thereof shall elapse according to the specific periods for each of the following sanctions:

  1. The impact of the warning (notification) shall elapse after the lapse of 60 days of regularization of the conditions.
     
  2. The impact of suspension shall elapse after the lapse of (180) days from the issue date of the decision to lift the suspension.