Article one: Definitions
The following words and phrases, wherever they occur herein, shall have the meanings assigned thereto, unless the context requires otherwise:
1.1 SAMA: the Saudi Central Bank.
1.2 Rules: the Comprehensive Motor Insurance Rules.
1.3 Company: the insurance company licensed to practice insurance business in accordance with the provisions of the Cooperative Insurance Companies Control Law.
1.4 Insured: a natural or juristic person who purchased the Policy from the Company and whose name is stated in the Policy Schedule.
1.5 Comprehensive Motor Insurance: The insurance coverage that is based on damages and losses that occur to the Insured Motor Vehicle.
1.6 Motor Vehicle: the Insured transportation means, which is designed to move by wheels or tracks or propelled using mechanical or animal power, as described in the Policy Schedule (trains are excluded).
1.7 Policy: the Comprehensive Motor Insurance Policy whose provisions and coverages are stipulated herein and in the Policy Schedule attached thereto.
1.8 Named Driver: the additional driver licensed to drive the Motor Vehicle and whose name is stated in the Policy Schedule.
1.9 Technical Total Loss: the technically damaged Motor Vehicle, which cannot be repaired to a state legally fit for driving and is sold for scrap, and is dropped from the registration systems of the General Department of Traffic.
1.10 Economic Total Loss: the damaged Motor Vehicle that can be repaired, but the repair is economically costly; based on the percentage agreed upon between the Company and the Insured and stated in the Policy Schedule.
1.11 Partial Loss: the destruction or damage of parts of the Motor Vehicle which does not exceed the set percentage of Economic Total Loss agreed on between the Company and the Insured which is stated in the Policy Schedule
1.12 Policy Schedule: the schedule complementing the Policy and its appendix, attached to this Rules.
1.13 Deductible: the amount borne by the Insured for any claim as stipulated in the Policy Schedule.
1.14 Sum Insured: the value of the Motor Vehicle, set in the Policy Schedule.
1.15 Roadside Assistance: a set of various services provided for the Insured, other than towing and storage, when the Motor Vehicle breaks down for any reason.
1.16 Material Fact: any information requested by the Company from the insurance applicant during the conclusion of the Policy that may affect the Company’s decision in accepting the insurance or rejecting it or accepting the insurance with different conditions.
1.17 Repairing Party: the approved agency (manufacturer or importer) to repair the damages covered under the Policy, or the auto repair shop approved by the Company to repair the damages covered under the Policy, which is stated in the Policy Schedule.