Chairman of the Insurance Authority,
Having pursued:
- The Federal Law No. 6 of 2007, concerning the Establishment of the Insurance Authority and the Organization of Insurance Operations, its amendments and its Executive Regulation;
- Federal Law No. 14 of 2016 on Violations and Administrative Penalties in the Federal Government;
- Federal Decree-Law No. 20 of 2018 On Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations;
- Cabinet Decision No. 7 of 2019 Concerning the Administrative Fines Imposed by the Insurance Authority;
- And, based on the recommendation of the Insurance Authority Director General and the approval of the Board of Directors,
Has resolved:
1. Any interested party may file a grievance to the Insurance Authority Board of Directors against the decision of the administrative fine imposed by the Authority within a period not exceeding (15) days from the date of notification of the decision appealed against.
2. The grievance must be justified and ...