Insurers Warned Against Contract With Unauthorized Websites

The Central Insurance company of Iran Thursday warned insurance companies and agents against offering services through unauthorized applications and websites.
As per a notice published by Risknews, as of June 22, insurance companies that fail to meet the new regulations will be penalized as per law, which allows the regulator to bar CEOs of noncomplying companies and suspend their operation in specific categories.
The warning comes after the CII received complaints of illegal operations by some insurance agents. Agents and online startups have been under the limelight in recent years.