Based on the Insurance Companies Law issued by Oman Sultani Decree No. 12/1979;

Oman Sultani Decree No. 90/2004 on the transfer of the insurance competencies from the Ministry of Commerce and Industry to the Capital Market Authority;

Implementing Regulation of the Insurance Companies Law issued by Oman Ministerial Decision No. 5/1980;

Oman Capital Market Authority Decision No. KH/31/2007 on the regulation of the requirements of licensing the practice of insurance activities;

The unified insurance policy model issued by Oman Decision No. 34/2019;

The Health Insurance Rules issued by Oman Decision No. 78/2019;

Regulation of the practice of the activity of management of health insurance claims issued by Oman Capital Market Authority Decision No. KH/34/2020;

Approval of the Ministry of Finance;

Approval of the Board of Directors of the Capital Market Authority; and

Based on the requirements of the public interest,

The following has been decided: