Royal Decree 44/2021 Amending Some Provisions of the Insurance Companies Law

Arabic

We, Haitham bin Tarik, the Sultan of Oman

after perusal of the Basic Statute of the State,

the Insurance Companies Law promulgated by Royal Decree 12/79,

and Royal Decree 90/2004 Transferring Insurance Competences from the Ministry of Commerce and Industry to the Capital Market Authority,

and after presentation to Majlis Oman,

and in pursuance of public interest,

have decreed as follows

Article I

The attached amendments to the aforementioned Insurance Companies Law shall be implemented.

Article II

All that is contrary to the attached amendments, or in conflict with their provisions, is hereby repealed.

Article III

This decree shall be published in the Official Gazette, and comes into force on the day following the date of its publication.

Issued on: 6 Dhu Al-Qa’dah 1442
Corresponding to: 17 June 2021 

Haitham bin Tarik
Sultan of Oman

Published in Official Gazette 1396 issued on 20 June 2021.