Regulations for the Accreditation of Insurance Products

Release Date:	1442-04-30
Release Tool:	Councils and commissions decisions
Issuance Instrument Number:	1/s/442
Validity:	Valid
Summary:	By AI The Saudi Central Bank issued regulations for the approval of insurance products under the Governor's Decision No. (1/B/442) dated 30/04/1442 H, based on the Law on the Supervision of Cooperative Insurance Companies. The regulations require prior approval from the Saudi Central Bank for products targeting individuals, and prior notification for group products. Companies must submit the required documents within 15 working days, with the possibility of extension, and may not market products witho...

Release Date:

1442-04-30

Release Tool:

Councils and commissions decisions

Issuance Instrument Number:

1/s/442

Validity:

Valid

Summary:

By AI

The Saudi Central Bank issued regulations for the approval of insurance products under the Governor's Decision No. (1/B/442) dated 30/04/1442 H, based on the Law on the Supervision of Cooperative Insurance Companies. The regulations require prior approval from the Saudi Central Bank for products targeting individuals, and prior notification for group products. Companies must submit the required documents within 15 working days, with the possibility of extension, and may not market products witho...