Farid Al-Boustani Announces Insurance Brokerage Bill

The House of Representatives has submitted a draft law to regulate brokerage and representation activities in the insurance sector, aiming to update legislation and strengthen the protection of policyholders’ rights, especially following the financial collapse that heightened the importance of the sector. The proposal emphasizes defining the powers of independent brokers, insurance agents, and insurance representatives, and will be discussed with all relevant parties to ensure the most effective outcome. The goal is to boost confidence in the insurance sector and safeguard consumers’ rights from future crises, within the framework of ongoing financial and economic reforms.

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