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The Saudi Monetary Agency (SAMA) announced Monday the update of some articles of the Unified Police Compulsory Vehicle Insurance currently in force.
The changes announced by the Company in a statement included the amendment to section (8) regarding the right of the insurance company to return to the insured and claiming compensation for it. had been paid to third parties in the event that one of the recourse cases specified in the policy applies. insured
She pointed out that this change was included in the summary document in order to avoid the problem of damage to third parties victims of an accident caused by the insured vehicle when the insured or his driver was are guilty of offenses or violation of the terms of the insurance policy.
In addition, one of the general conditions listed in Article 7) of the document, relating to the inclusion of the name of the insured in the system of the approved company responsible for collecting consumer credit information, "Samaha" , has been amended to limit the right of insurance companies to include the name of the insured in the event of default. Pay the insurance subscription only without default of payment of claims due on the right of recourse.
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