KSA – Unified motor contract has no effect on prices
Monday, 08 27 2018, Category: Insurance and Reinsurance, Country: Saudi Arabia
The spokesman of insurance companies Mr. Adel Al Issa said that the amendments to the unified compulsory motor insurance contract will not have an impact on prices.
According to “Al Yaum” newspaper, Mr. Al Issa said that many of the new amendments were already previously implemented, so SAMA had already enforced previously most of these amendments. However, all of these amendments are now included in the new amended contract.
The new unified motor insurance contract was implemented on Sunday 26 August 2018.