Legal Aspects of the Insurance Law
- June 9, 2021
- Comments Off on Legal Aspects of the Insurance Law
You need to know a lot about the insurance law of a state if you want to continue living there. One should know about it so they can deal with it. Dubai lawyers are there for your legal support and help.
They have credible expertise and vast knowledge about all the happenings in the rule of the law. Moreover, they are updated about the rule of the law as well.
Below are some legal aspects of the insurance policy that you need to know to know. You need to know them before you take any sort of legal step. Moreover, it is suggested to take legal assistance in this regard.
· Jurisdiction Over Claims
UAE law provides that the UAE courts have jurisdiction over claims brought against UAE nationals. Or foreign legal entities with a domicile or place of residence in the UAE. Any agreement to the contrary is void under UAE law.
· Proper Functioning
The state establishes and regulates the functions of the Insurance Authority and licenses in UAE insurance companies. By virtue of this law it oversees, regulates. And protects the rights of the insured and its beneficiaries and at the same time, improves the performance and efficiency of insurance companies.
Companies registered to operate within the free zone areas have their own legal and regulatory framework. Dubai lawyers can help you in this regard.
Any insurer who engages in the insurance business within UAE must be license by the Insurance Authority. Except in cases or disputes that include an arbitration clause, the committees are authorized to settle and resolve. All types of insurance disputes involving the insured must be registered.
Therefore, if you want to know more about these types, you need to contact advocates in Dubai. They are available all over the UAE for your legal support and help. Moreover, they provide their services in Ajman, Sharjah, Fujairah, and Abu Dhabi as well whenever or wherever you need them.