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| No: 596/1 |
The Company and the Insurance Brokerage shall pay the costs of inspection and supervision by paying SAMA the following:
| 1. | The Company shall pay five per thousand (0.5%) of total underwritten premiums in a financial year excluding local market share of the reinsurance business. | |
| 2. | The Insurance/Reinsurance Brokerage shall pay an amount representing one percent (1%) from the total commissions and fees earned within an accounting year. | |
