Kuwait – Many companies closed for offering lower car insurance
Monday, 05 11 2020, Category: Insurance and Reinsurance, Country: Kuwait
General Traffic Department affiliated to Ministry of Interior closed violating insurance companies for providing car insurance at rates ranging between KD 11 and KD 14.
In a press release, the department stated that the actual cost of the insurance ranges between KD 16 and KD 19, due to which the offers provided by the aforementioned companies are considered as violation of the relevant law.
Source: Arab Times Online