SAMA has announced the implementation of the Revised Comprehensive Motor Insurance Rules

The Revised Comprehensive Motor Insurance Rules are now in effect, according to the Saudi Central Bank (SAMA). This is a big step forward in the ongoing efforts to control the insurance industry and protect beneficiaries' rights.

The new regulations intend to increase insurance coverage by allowing sponsors, family members, and independent drivers to be included. The amendment, which offers corporate clients more flexibility to customise insurance coverages and benefits based on their unique requirements, is noteworthy for its refinement of the extent of coverage to individual clients.

The proposed modification went through an open review procedure before being put into effect. The Public Consultation Platform of the National Competitiveness Centre hosted its publication, enabling interested parties and members of the public to offer their opinions and remarks.

SAMA's official website makes the Amended extensive Motor Insurance Rules easily accessible, offering insurers, clients, and interested parties’ extensive information.