Amended Comprehensive Motor Insurance Rules Take Effect
صدور تعديلات قواعد التأمين الشامل على المركبات
The Saudi Central Bank (SAMA) issued amendments to the Comprehensive Motor Insurance Rules as part of its efforts to regulate and supervise the insurance sector and protect policyholders' rights. The amendments expand insurance coverage to include relatives, private drivers, and sponsored individuals of the insured, and limit the rules' scope to individual customers only, allowing corporate customers to select coverages suited to their needs. A draft of the amendments was previously presented via the 'Istitlaa' platform of the National Competitiveness Center for public and specialist consultation.
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