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Maghrib minute: New fund to help companies afford insurance payments

TimesTV Tuesday 03/September/2019 16:51 PM
By: Times News Service
A new emergency insurance fund has been set up by the Capital Markets Authority.

It will help companies that are unable to provide insurance payments to their employees.

A fee of 0.25 percent will be levied from life and family insurance policies, with the money earned from this fee going towards the fund.

In addition, a one percent fee will be placed on general insurance policies to provide more sources of money for this fund.