The Ministry of Economy and Trade issued a decision that forbids mutual funds to sell insurance policies either directly or indirectly to the public. The decision will be carried out by the Insurance Control Commission (ICC).
Insurance companies are being competed against by mutual funds that are illegally offering different kinds of coverage. Mutual funds are legally only allowed to sell medical policies as a social service. But many have gone beyond this jurisdiction.
Unlike ins...
Article details
Insurance companies are being competed against by mutual funds that are illegally offering different kinds of coverage. Mutual funds are legally only allowed to sell medical policies as a social service. But many have gone beyond this jurisdiction.
Unlike ins...
Article details
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