KSA - Enforcing motor insurance compliance
Friday, 02 02 2018, Category: Insurance and Reinsurance, Country: Saudi Arabia
New information revealed a strategic collaboration between the Saudi Arabian Monetary Authority and the General Department of Traffic.
According to this information, the agreement addressed the procedures to be adopted by the General Department of Traffic in order to check and enforce motor insurance compliance according to chapter 12 of the traffic contraventions schedule No 4 in the traffic law. This will be performed electronically by checking the driving records of each vehicle when it commits a traffic contravention. In case insurance is not registered when the traffic contravention is committed, another contravention will recorded and will be labeled “non-existence of insurance contrat”. Additionally, the “non-existence of insurance contract” will be recorded in case the vehicle represents a party in a traffic accident.
Source: Sabq Newspaper