• Oman

    • Oman issues regulation for marketing insurance products through banks

    By on October 15, 2023
    CMA
    CMA

    Muscat: The Capital Market Authority (CMA) today issued a decision endorsing a regulation for marketing insurance products through banks.

    The regulation serves as a framework for governance and regulation of the relationship between insurance companies and banks. It provides adequate protection for holders of insurance policies that are marketed and sold through banks.

    The regulation specifies the effective channels and mechanisms for marketing these products in a manner that ensures the clarity of terms and imparts awareness among policy holders.

    The issuance of the regulation constitutes a step forward in reducing unhealthy practices in marketing this type of products. It will also diminish dispute between policy holders and insurance companies when insurance claims arise.

    more recommended stories

    Terms of Use:

  • This website Arabian Daily is an individual’s property, not used for any commercial or sales purposes. What you see here are one’s random thoughts in action. I, by no means, endorse any product or party through this, unless stated explicitly.
  • All work you will find here is copyrighted unless stated otherwise. No part of this work can be reproduced in any way with the exception of a) if you share our work, it should link back to this website; b) if you quote any part of our work, it should be properly credited to us with a link to this website.
  • All images used on this website have been taken from open source image websites on the Internet. If any of them are copyrighted to you and you want us to take them down or add credits, please feel free to contact us here, or by using the contact form on this page.
  • The views expressed on Arabian Daily are solely ours. They do not represent any party or any particular school of thought. This website does not promote racism in any form.
  • Privacy Policy:
    This website will respect the readers’ and the writer’s privacy. We do not sell any of their personal or contact information to another company. We do not put your information on spam lists. Also, and more importantly, we are not responsible for the privacy practices of any of our advertisers or website commenters.
  • Reserve Rights: We reserve the right to change the focus on this website, to shut it down, sell it or to change the terms of use at our own discretion.