Governance, Risk and Compliance – The Lebanese Insurance Industry

Date: 2016-01

“• The Lebanese insurance industry is regulated by the Insurance Control Commission, under the Ministry of Economy and Commerce.

• The Lebanese insurance industry allows foreign direct investment.

• The life and general insurance businesses in Lebanon are regulated by the provisions of the Insurance Law, amended in 2002.

• The motor third-party liability insurance, work injury fund, and Universal Healthcare fund are mandatory in Lebanon.

• Non-admitted insurers and intermediaries are not permitted in the Lebanese insurance industry.”

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