Comprehensive Motor Insurance Rules

Release Date:	1445-04-21
Release Tool:	Councils and commissions decisions
Issuance Instrument Number:	3/s 445
Validity:	Valid
Summary:	By AI The Saudi Central Bank issued the comprehensive vehicle insurance regulations by the Governor's decision dated 21/04/1445 AH, based on the Cooperative Insurance Companies Control Law. The regulations include basic definitions, scope of application, and insurance coverage, including civil liability and exclusions. The regulations address details of total loss, specialist loss, and economic loss of vehicles, the deductible amount, and the insured value. The document regulates the relationship betw...

Release Date:

1445-04-21

Release Tool:

Councils and commissions decisions

Issuance Instrument Number:

3/s 445

Validity:

Valid

Summary:

By AI

The Saudi Central Bank issued the comprehensive vehicle insurance regulations by the Governor's decision dated 21/04/1445 AH, based on the Cooperative Insurance Companies Control Law. The regulations include basic definitions, scope of application, and insurance coverage, including civil liability and exclusions. The regulations address details of total loss, specialist loss, and economic loss of vehicles, the deductible amount, and the insured value. The document regulates the relationship betw...