Central Bank cancels Al Fazaa Insurance Agent registration
The Central Bank of the UAE (CBUAE) has cancelled the registration of Al Fazaa Insurance Agent, effective immediately. This action removes the entity's authority to conduct insurance intermediation activities in the UAE. Customers should verify the status of any policies or claims with the CBUAE or switch to a licensed agent without delay.
The analysis — automated & source-checked
- Applies to
- Financial services · UAE
- What to do
- If you hold policies through Al Fazaa Insurance Agent, contact the CBUAE or a licensed alternative agent immediately to transfer your coverage and verify claim status.
Source
“The Central Bank of the UAE (CBUAE) has cancelled the registration of Al Fazaa Insurance Agent, effective immediately. This action removes the entity's authority to conduct insurance intermediation activities in the UAE.”
— Central Bank of UAE, 29 Dec 2022
Source: Central Bank of UAE — official 29 Dec 2022 Read the original ↗ More from Central Bank of UAE →
Quick answers
What do I need to do?
If you hold policies through Al Fazaa Insurance Agent, contact the CBUAE or a licensed alternative agent immediately to transfer your coverage and verify claim status.
Who issued this?
Central Bank of UAE (UAE).
When was it announced?
29 Dec 2022.
Where can I read the original?
Read the original at Central Bank of UAE: https://www.centralbank.ae/en/news-and-publications/news-and-insights/press-release/cbuae-cancels-the-registration-of-al-fazaa-insurance-agent/
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