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The insurance sector represents one of the fundamental components for the success of the financial system of the state. Because of the importance of this sector as it is an indicator of economic development, and its role in building the economy, the Iraqi Insurance Business Law No. 10 of 2005 created legal frameworks that guarantee how Dealing with the financial and administrative obstacles facing insurance companies with the least amount of risks and to ensure that their legal entity is preserved to prevent bankruptcy or liquidation. Thus, the law set the procedures for the rehabilitation of insurance companies as a legal means to organize the company's business through which an interim manager is appointed to temporarily manage the company to adapt its conditions in preparation for taking measures that include the development of plans and programs to overcome the financial and administrative crisis facing the company and enable it to start its activity.