Catal Insurance Company Limited

A notice of revocation of licence was issued to Catal Insurance Company Limited for its contraventions of section 21 (1) of the Insurance Act, 2008 by failing to seek the prior written approval of the Commission for the transfer of shares on three separate occasions; for its contravention of section 19 (3) of the Insurance Act, 2008 by failing to notify the Commission of the resignation of a director; and for its contravention of section 19 (1) of the Insurance Act, 2008 by failing to seek the prior written approval of the Commission for the appointment of a director.