Regulator Piles Pressure on Unauthorized Insurance Apps

The Central Insurance company of Iran (CII), the regulatory body of the industry, has added four names to the blacklist of unauthorized applications selling insurance policies. 
CII's website said Irancell, Top, Set and Pot Life are banned from selling insurance as they had not received a license from the regulator. 
The CII has banned insurance companies, brokers, branches and agents from dealing with blacklisted applications, stressing that unruly insurers face the full force of the law if they continue selling insurance via such apps.