Gulf Union gets CCHI nod to issue new health policies

21/08/2017 Argaam

Gulf Union Cooperative Insurance Co. has received approval from Saudi Arabia’s Council of Cooperative Health Insurance (CCHI) letter to issue health insurance policies starting today, the insurer said in a statement to Tadawul on Monday.

 

The decision is expected to have a positive financial impact on sales, the statement said.

 

The insurer was suspended from issuing health insurance policies in June, after it violated regulations by over-selling cooperative insurance policies.

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