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MoU on India-U.A.E. insurance regulators' cooperation approved

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India's Union Cabinet has approved a memorandum of understanding to enhance cooperation between India's and U.A.E.'s insurance regulators, reported Business Standard citing IANS.

The MoU will "result in increasing mutual understanding through the exchange of regulatory and relevant supervisory information including confidential information to enforce or ensure compliance with their respective laws and regulations," said the statement.

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