UAE Central Bank and Financial Institutions Decree-Law

Article 103 — Article (103) Funds Free-up in case of Ceasing Insurance Business

Part Three: Regulation of Licensed Financial Institutions and Activities · Chapter Two: Licensing · Section Four

Without prejudice to the provisions of Article (126) of this decree-law, should an Insurance Company wish to free up its funds that are required to be maintained in the State for one or more types of insurance, it shall then provide proof of fulfillment of its obligations for all Insurance Policies concluded within the State or executed therein, with respect to this type or types of insurance for which it has decided to cease its business.

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