The Insurance Authority Announces the Suspension of United Cooperative Insurance Company from Issuing or Renewing Vehicle Insurance Policies for All Vehicle Products — Including Comprehensive Vehicle Insurance — Effective 19 February 2026 for Failing to Exercise Due Diligence in Regularizing Its Status

تُعلن هيئة التأمين إيقاف شركة المتحدة للتأمين التعاوني عن إصدار أو تجديد وثائق التأمين لكافة منتجات المركبات -بما في ذلك وثائق التأمين الشامل على المركبات- اعتباراً من تاريخ 2026/02/19م لعدم بذلها العناية اللازمة لتصحيح أوضاعها

The Insurance Authority suspended United Cooperative Insurance Company from issuing or renewing vehicle insurance policies for all vehicle products, including comprehensive vehicle insurance, effective 19 February 2026, for failing to exercise due diligence in regularizing its status. The decision was issued under Article 19 of the Law on Supervision of Cooperative Insurance Companies (Royal Decree No. M/32 dated 02/06/1424 AH). The suspension does not relieve the company of its obligations under active policies, and it will not be lifted until the company corrects its status and complies with regulatory standards.

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