UAE – Project to settle motor claims
Tuesday, 10 24 2017, Category: Insurance and Reinsurance, Country: U.A.E
Informed sources in the insurance sector said that the “Emirates Insurance Association” proposed to the “Insurance Authority” lately a preliminary project to settle motor claims inside and outside the car agency. I added that the Authority is still studying this draft project and discussing it with concerned parties.
According to these sources, the project includes 6 essential articles related to the reimbursement basis, “replacement car”, accident documents, preliminary and later notifications, penalties in absence of accident notification, and the accident legal scope.
Source: Economic Al Khaleej