Insurance Regulator Stops Licensing Online Brokers

The Central Insurance company of Iran (CII) has stopped issuing new operation license for online insurance brokers until further notice.
According to Way2pay, the CII's department for new insurance entities, has declined licenses for applicants that had completed all the cumbersome paperwork and were about to receive the operational permits. 
The move has disrupted the work of brokers that had already obtained necessary permission but wanted to reestablish their business online.