A member of the Finance Committee: the importance of amending the Insurance Act for the development of the economic sector in the country

04-10-2013 11:33 AM

Baghdad (news) .. Confirmed a member of the Finance Committee MP / Kurdistan Alliance / Najeebeh Najib, the importance of amending the law to the private sector insurance No. 10 for the year 2005, for his active role in the development of the economic sector of the country.

Said Najib (of the Agency news): it is one of the supporters of any law stating the private sector and it needs a legislative amendment or a legal order to be a catalyst to activate and revitalize this important sector, indicating that the Insurance Law of the most important laws that contributed to a successful major countries economically developed as work on the increase the confidence of citizens in the country.

And demanded: the private sector to provide the legal text to be amended to the financial and economic committees to study and submit a proposal to the House of Representatives to amend it.

It showed: including that Iraq is an Islamic state there is a kind of reservation on the issue of insurance, but we can proceed from the laws within the provisions of Islam and constitutional articles which to work to stimulate the private sector.

The private sector companies in the field of insurance demanded official bodies to support amending the Insurance Act No. 10 of 2005, which it said he did not Ancefha, to be able to exercise its role which contributes to the economic development process in the country. / End / 5.. /
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