Marine Insurance Coverage Instructions Take Effect

تسهم في رفع مستوى جودة الخدمات وحفظ الحقوق.. صدور تعليمات تغطيات التأمين البحري

The Saudi Central Bank (SAMA) announced the issuance of "Marine Insurance Coverage Instructions" as part of efforts to regulate, supervise and oversee the insurance sector and protect policyholders' rights. The instructions set a comprehensive regulatory framework for mandatory and non-mandatory marine insurance coverage and minimum acceptable benefit and coverage limits, and were prepared in cooperation with the General Authority for Transport to ensure compliance with the Commercial Maritime Law issued by Royal Decree No. (M/33) dated 05/04/1440 AH. The draft instructions were previously presented via the "Istitlaa" platform of the National Competitiveness Center for public and specialist input.

Original PDF ↗

See all from SAMA →