Eastern Insurance fined Tk 5 lakh
The Insurance Development and Regulatory Authority (IDRA) has fined Eastern Insurance Company Tk 5 lakh for not having the minimum investment required in government securities as per the Insurance Act 2010.
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The Insurance Development and Regulatory Authority (IDRA) has fined Eastern Insurance Company Tk 5 lakh for not having the minimum investment required in government securities as per the Insurance Act 2010.
The Supreme Court (SC) has halted a High Court (HC) order that stayed the Insurance Development and Regulatory Authority's (IDRA) decision to suspend the board of directors of Sonali Life Insurance and appoint an administrator to run the company.
The High Court has stayed for six months the Insurance Development and Regulatory Authority's (IDRA) decision to suspend the board of directors of Sonali Life Insurance and appoint an administrator to run the company.
The Insurance Development and Regulatory Authority (IDRA) yesterday appointed Brig Gen (retd) SM Ferdous as administrator of Sonali Life Insurance with immediate effect.
Brig Gen (retd) SM Ferdous has already joined office: IDRA spokesperson