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International Insurance and Takaful Order, 2002 · s 12

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s 12Decision on application for licence

The Authority shall, on an application having been made in accordance with section 8 or 11 and after being provided with all such information and documents as it may require, consider the application and determine whether the licence should be granted or refused and, if a licence is to be granted, the conditions, if any, to be imposed on the licensee.