What are the responsibilities of the liquidator under the Federal Decree Law of 2023 Regulating Insurance Activities?
The liquidator is responsible for allocating the Company's assets to pay for fees, expenses, loans obtained for completing liquidation, and obligations towards insured individuals and beneficiaries of insurance policies. In addition, any amount collected by the Company under reinsurance arrangements contributes to the technical provisions required by the law. The rights of other creditors are also addressed, following the order of priority determined by the current legislation.