CMA Issues Warnings to Three Insurance Brokers 

HE the Executive President of  the Capital Market Authority has issued warnings to three insurance brokers.   The Executive President has issued three disciplinary decisions against CE Heath & Partners LLC, Ewan Majan LLC and Oman New Insurance and Reinsurance Services LLC  for violating the provisions of Article 17 of the Insurance Brokers’ Regulation.

 

The regulation requires the broker to file the audited annual accounts and balance sheet within  3 months from the end of the financial year.

 

The regulation was issued to upgrade and regulate  the performance of insurance brokers.

 

CMA emphasized the importance of compliance with the laws and regulations governing the sector to ensure fairness and protection for all participants.