This Article reviews the legal framework of Oman’s health insurance sector in the light of recent legislation and reflects on possible future developments. Oman Sultani Decree No. 44/2021 (“SD No. 44”), amends Oman Law No. 12/79 Promulgating the Insurance Companies Law (the “Insurance Law”) and came into force in June 2021. It constitutes another strategic development of the health insurance industry in Oman. The main amendment introduced by SD No. 44 sees the re-distribution of insurance classes, where health insurance is now classified as a line of business totally independent of the general insurance class. Concurrently, Oman Sultani Decree No. 45/2021 came into force, amending the Takaful law No. 11/2016 (the “Takaful Law”) introducing the Health takaful as a separate class from other takaful classes. SD No. 44 (and SD No. 45) highlight how keen Oman is to further develop the health insurance sector in light of its significant economic and social impact and sensitive nature.
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