The Saudi Central Bank (SAMA) announces the issuance of the Amended Comprehensive Motor Insurance Rules as part of the ongoing effort to regulate the insurance sector and protect the rights of beneficiaries.
The amended rules seek to expand the insurance coverage to include relatives, private drivers and sponsorees of the insured. The amendment limits the scope of the coverage to individual clients only, granting corporate clients greater flexibility to customize insurance coverages and benefits according to their specific needs.
The draft amendment was published earlier on the National Competitiveness Center's Public Consultation Platform for stakeholders and the public to provide their views and comments.
The Amended Comprehensive Motor Insurance Rules are available on SAMA's official website.