The Cabinet,
Having perused:
- The Constitution;
- The Federal Law No. 1 of 1972 concerning the Functions of Ministries and Powers of Ministers, and the amending laws thereof;
- The Federal Law No. 8 of 1984 concerning n Commercial Companies, and the amending laws thereof;
- The Federal Law No. 5 of 1985 promulgating the UAE Civil Transactions Law, and the amending laws thereof;
- The Federal Law No. 18 of 1993 promulgating the Commercial Transactions Law;
- The Federal Law No. 6 of 2007 concerning the Establishment of the Insurance Authority and the Regulation of Insurance Business;
- The Ministerial Councils for Services Decision No. 227/10m of 2009 concerning the Insurance Company Capital Regulations; and
- Based on the recommendation of the Minister of Economy and the Approval of the Cabinet,
Has decided:
In the application of the provisions of this Decision, the following words and expressions shall have the meanings ascribed thereto below, unless the context otherwise requires:
The State/UAE: United Arab Emirates
The Law: The Federal Law No. 6 of 2007 concerning the Estab...