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The Saudi Monetary Agency (SAMA) made the decision to update the standard document on mandatory insurance of vehicles.
Sources close to the report explained that the main purpose of this document is for insurance companies to provide the claimant with the receipt of the claim and to inform him of deficiencies within 3 working days for individuals and 9 business days for businesses.
and noted that the document required companies to settle the claim within 15 calendar days for individuals and 45 working days of the migration from the date of receipt of the completed application, according to the newspaper "Al Jazeera ".
Meanwhile, he confirmed in a related context that if the company did not respect the settlement of the claim during the regular period and for no systemic reason, the plaintiff has the right to file a complaint on the website "Sama Thtm "Litigation to compel the Company to resolve the claim.
Source: Journal Al-Ahsa
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