PAM rejects documents of unlisted insurance companies

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KUWAIT CITY, Feb 7: Days after resolving the issue of insurance policy to renew the work permits of non-graduate expatriates who are 60 years and above, the lack of government coordination put a stop to the transactions, as the Public Authority for Manpower refused to renew work permits for this category of expatriates who hold health insurance policies issued by companies not listed on the Kuwait Stock Exchange and not approved by the Insurance Regulatory Unit (IRU), reports Al-Qabas daily. Informed sources told the daily PAM refused to accept the documents issued by the unlisted insurance companies, and stuck to its previous decision (the list of 11 companies approved by the IRU).

For its part, sources at PAM said it is committed to implementing the decision of its board of directors until a decision is issued to amend and cancel the condition of issuing the document by an unlisted company, and in the absence of coordination between government agencies, the fate of the documents issued by unlisted insurance companies is unknown.

The sources expect another circular to be issued this week to the labor administrations, allowing the non-graduates sixties category to transfer within the private sector, as it was in the past. The sources added, this category of people who have families in the country and children with Article 18 residence can transfer from the private sector to the family sector after obtaining a waiver from the company. Meanwhile, the insurance companies listed on the Kuwait Stock Exchange have reportedly started issuing insurance policy documents for non-graduate expatriates 60 years and above, reports Al-Rai daily.

The daily added, the Warba Insurance Company was one of the first companies to issue the insurance policy for this category of expatriates in line with the decision issued by the concerned authorities

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