CII Approval Needed for Specific Insurance Policies 

The Central Insurance company of Iran, the industry’s regulator, has required insurers to get approval before selling insurance policies worth higher than the set caps in several categories.
As per a report on the Risknews website, insurance companies must have CII's approval for selling policies worth more than 15 trillion rials in fire, engineering, oil, gas and petrochemical categories. 
It has also set a cap for marine insurance, which calls for approval for policies worth 5 trillion rials and above for each vessel. The new rule also covers the aviation sector, with a cap of 1 trillion rials for each aircraft body and liability coverage collectively.