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Apr 2024

Pakistan: SECP proposes amendments on outstanding insurance premium issue

Source: Asia Insurance Review | Mar 2014

In order to strike a balance between the interests of policyholders and insurers, the Securities and Exchange Commission of Pakistan (SECP) has proposed to replace the provisions of the existing Rule 35 with a new rule as a prudent method of market practice, to be named as "Manner of Receipt of Premium and Claims Payment".

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