Bangladesh Insurance Association (BIA) has decided to take legal action against any company, if it allows more than 15 per cent agency commission from August 1.
Chairmen, vice-chairmen, directors and top executives of non-life insurance companies held a meeting recently and took the decision.
Sheikh Kabir Hossain, president of BIA chaired the meeting. Mahbubur Rahman, chairman of Eastland Insurance Company Ltd and other senior business leaders also attended.
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