THE Insurance industry regulator has barred 11 brokers, two medical insurers and one risk assessor from operating after they failed to meet licensing requirements. In a gazette notice published on Friday, Insurance Regulatory Authority said the companies had failed to secure registration as per the Insurance Act and were thus not allowed to operate. "The insurance brokers are not allowed to carry on, transact, do or handle any new or old business," said the IRA in the gazette notice number 5071...
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