Several articles of Abu Dhabi's law on the establishment of the National Insurance Company (NIC) were recently amended by the emirate's ruler.
President Shaikh Khalifa bin Zayed Al Nahyan, according to <i>WAM</i>, amending some certain articles of the law, so that the board chairman and two of its members as representatives of the government will be appointed by the Chairman of Abu Dhabi Executive Council for a renewable tenure of three years.
The remaining members will be elected for the same tenure by the general assembly of shareholders.
