Qatar's central bank extends insurance rules deadline

Qatar's central bank has extended the deadline for insurers, reinsurers and takaful firms to comply with its new regulations, reported The Peninsula Qatar citing Al Sharq newspaper.

The institutions were supposed to implement the new regulations from the end of May as per the original schedule.

The deadline has now been extended to Nov. 30.

The new regulations intend to further tighten control over insurance agencies and their representative offices.

The rules also prohibit companies and insurance practitioners from getting involved in cross-border activities.

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