Buruj Cooperative Insurance Company was instructed by the Council of Cooperative Health Insurance to suspend issuing individual insurance policies.
The suspension is to be effective from October 15th, 2014 and will continue till the company corrects its situation and is able to apply the insurance correctly; the company said in a filing to Tadawul today.
The company added that this suspension is expected to have a negative impact on its sales during the last quarter in 2014.
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