Deadline fixed for premiums’ transfer

To implement the new regulation, insurance companies have fixed a very strict deadline to pay back premiums cashed by insurance intermediary, general agents and brokers. These measures aim at curbing the volume of outstanding payments, which account for 75% of the sector's global turnover, that is, 9.5 billion MAD (107 million USD) out of the 12 million AMD (151 million USD) achieved in the year 2003.