The Chairman of the Board of Directors of the Insurance Authority,
- Having perused Federal Law No. 6 of 2007 Concerning the Establishment of the Insurance Authority and Organization of insurance Operations, as amended, and its Executive Regulations;
- Ministerial Decision No. 54 of 1987 Concerning Unified Motor Vehicle Insurance Policies, as amended; and
- At the approval of the Board of Directors of the Insurance Authority and the proposal of the Director General of the Authority
Has resolved as follows:
The following terms and phrases shall have the meanings as stated beside them unless the context provides otherwise:
State: The United Arab Emirates.
Authority: The Insurance Authority, established by virtue of Federal Law No. 6 of 2007 Concerning the Establishment of the Insurance Authority and Organization of Insurance Operations, as amended.
Board: The Insurance Authority Board of Directors.
Company: The insurance company incorporated in the State, or foreign branch of and insurance company, that is licensed t...