Insurance Authority Board of Directors’ Decision No. (30) of 2016 Concerning Issuing Regulation for Motor Vehicle Insurance Tariffs

Insurance Authority Board of Directors’ Decision No. ( 30 ) of 2016 Concerning issuing Regulation for Motor Vehicle Insurance Tariffs The Chairman of the Board of Directors of the Insurance Authority, Having reviewed the Federal Law No (6) of 2007 on the Establishment of the Insurance Authority and Organization of Insurance Operations, as amended. Resolution No. (2) of 2009 of the Insurance Authority Board of Directors Concerning Issuing the Executive Regulations of the Federal Law No (6) of 2007; The Federal Law No (21) of 1995 concerning Traffic, as amended, and its Executive Regulations; Resolution No (3) of 2010 of the Insurance Authority Board of Directors concerning the Code of Conduct and Ethics to be Observed by Insurance Companies Operating in the UAE. Resolution No (25) of 2016 of the Insurance Authority Board of Directors Concerning Issuing Regulation of the Unified Motor Vehicle Insurance Policies. Based upon the approval of the Insurance Authority Board of Directors and the proposal of the Director General of the Insurance Authority; Has resolved as follows: Article 1 The tariffs set out in Table (1) attached hereto shall be applied to Third Party Liability Motor Insurance Policy. The tariffs set out in Table (2) attached hereto shall be applied to the Motor Insurance Policy Against Loss and damage and Third Party Liability jointly. The forms hereto attached shall be considered as an integral part of these Regulations. Article 2

1. The insurance companies shall abide by applying the tariffs, as set out in Article (1) hereof to all motor vehicle insurance policies to be issued as of the date of the this Regulation comes into force.

2. The tariffs set out herein shall constitute the minimum and maximum to be abided by. The insurance companies shall have free competition in providing the prices, according to the experience of the company with a customer or any technical or actuarial reasons, in such a way that would not jeopardize the financial position of the company or lead to the loss of the insureds’ rights. Article 3

3. The tariffs set out in Article (1) hereof shall include the following: a) All coverages set out in the two policies as well as all administrative charges and expenses, and commissions. b) The additional premium resulting from the charges of the ambulance and medical transport to hospitals.

4. The insurance period shall be (13) months. The premium shall be collected for the insurance period fractions on a proportionate basis.

5. In case that a company and an the insured agree on additional coverages, other than those in the policy issued under the Resolution No (25) of 2016, the agreed additional premium shall be paid. The company shall state such coverages in an understandable clear wording and in a different colour or by an addendum.

6. The insurance company, agent, or broker shall not be entitled to impose or receive any amount or additional sum without a resolution for such from the Authority.

7. The company shall abide by accurately and clearly including the insurance premium/ contribution value received from the insured in the insurance policy issued thereby and the motor vehicle insurance certificate. Article 4 The Director General shall issue the required decisions for implementing the provisions hereof. Article 5 All authorities, respectively and within their competences, shall implement the provisions hereof.

Article 6

1. The application of the Circular No 28/7/AV of the Ministry of Economy and Commerce, dated 24/ 06/ 1996, shall be cancelled.
2. Each provision that contradicts the provisions hereof shall be cancelled. Article 7 This Regulation shall come into force as of 01/ 01/ 2017 and shall be published in the Official Gazette. Eng.: Sultan bin Saeed Al Mansouri Minister of Economy – Chairman of the Board of Directors Issued by us in Abu Dhabi on 15/ 12/ 2016 Attachments:

• Table 1. Tariffs of Third Party Liability Insurance Policy.
• Table 2: Tariffs of Motor Vehicle Insurance Policy Against Loss and Damage and Third Party Liability.

Type of vehicle )الحد األدنى( (المدة التأمينية 13 شهر( Minimum (Insurance Period 13 month) (AED (بالدرهم )الحد األعلى( )المدة التأمينية 13 شهر( Maximum (Insurance Period 13 month) (AED (بالدرهم فئة المركبة Salon￾Private صالون - 4 سيلندر 1,300 750 Cylinders 4 خصوصي 6 سيلندر 1,400 850 Cylinders 6 8 سيلندر 1,600 950 Cylinders 8 أكبر من 8 سيلندر 2,100 1,300 Cylinders 8> Salon - Commercial صالون- عمومي 4 سيلندر 1,350 750 Cylinders 4 6 سيلندر 1,500 850 Cylinders 6 8 سيلندر 1,600 950 Cylinders 8 أكبر من 8 2,250 1,300 Cylinders 8> سيلندر Four Wheel Drive - Private ذات الدفع 4 سيلندر 1,750 1,000 Cylinders 4 بالعجالت األربع - 6 سيلندر 1,900 1,050 Cylinders 6 خصوصي 8 سيلندر 1,950 1,100 Cylinders 8 أكبر من 8 سيلندر 2,150 1,200 Cylinders 8> 4 سيلندر 1,750 1,000 Cylinders 4 6 سيلندر 1,900 1,050 Cylinders 6 Table )1( Tariffs of Third Party Liability Insurance Policy

Four Wheel Drive - Commercial ذات الدفع 8 سيلندر 2,100 1,150 Cylinders 8 بالعجالت األربع - أكبر من 8 سيلندر 2,450 1,350 Cylinders 8 >عمومي Pickup & Truck بيك أب & تنكر حتى 1 طن 1,750 1,000 Ton 1 Upto حتى 2 طن 1,800 1,000 Ton 2 Upto حتى 3 طن 2,100 1,150 Ton 3 Upto أكبر من 3 طن 2,300 1,300 ton 3 than More Trailer, Water and Fuel Tanker تريال 2,150 1,200 Trailer )مع الرأس القاطرة( تنكر ماء ، وتنكر المحروقات& تريال Water Tanker up to 2000 Gallon تنكر ماء حتى 2,250 1,450 2000 جالون Water Tanker more than 2000 Gallon up to 5000 Gallon تنكر ماء اكثر من 2,500 1,400 2000جالون وحتى 5000 جالون Water Tanker Trailer تنكر ماء 2,500 1,500 تريال )مع الراس القاطرة( تنكر وقود 3,300 2,000 Tanker Fuel الباصات حتى 14 راكب 1,900 1,100 passengers 14 Buses حتى 26 راكب 3,250 1,800 passengers 26 حتى 56 راكب 3,850 2,150 passengers 56

Equipments Light Equipment - Dumper&Agriculture الخفيفة – دمبر 2,500 1,000 & زراعي المعدات Light Equipment / Forklift - Private الخفيفة فورك 2,500 1,300 ليفت -خصوصي Light Equipment / Forklift -Commercial الخفيفة فورك 2,500 1,300 ليفت - عمومي Heavy Vehicle - Private ثقيلة - خصوصي 3,000 1,600 Heavy Vehicle - Commercial ثقيلة - عمومي 3,000 1,600 Motor Cycle حتى 200 سي 1,150 550 cc 200 Upto سي الدراجة النارية فوق 200 سي 1,150 600 cc 200 Above سي The insurance company, the insurance agent or the broker may not impose or collect any additional payment or allowance except by a decision issued by the Insurance Authority

Table(2) Tariffs of Motor Vehicle Insurance Policy Against Loss and Damage and Third Party Liability No. Type of vehicle التعريفة )المدة التأمينية 13 شهر( Rate (Insurance Period 13 month) السائق Driver بالدرهم (AED) الراكب Passenge r بالدرهم (AED) فئة المركبة الرقم Minimu m premiu m أقل قسط (بالدرهم) Maximu m الحد األعلى (%) 1 صالون 30 120 5% 1,300 Salon 1 2 ذات الدفع بالعجالت االربع 30 120 % 7 2,000 Drive Wheel Four 2 3 Private and 3 النقل ) خصوصي وعمومي( trucks commercial A- Pick up and Van up to 3 tons (light) أ. بكب اب & فان - حتى 3 30 120 % 7 1,550 طن )الخفيف( B- Heavy more than 3 tons ب. ثقيل فوق 3 طن 30 120 % 9 2,000 4 الباصات Buses 4 A- Up to 15 seats (Private) أ- حتى 15 راكب - خصوصي 30 120 % 7 1,900 B- Up to 15 seats (commercial) ب- حتى 15 راكب - 30 120 % 7 1,950 عمومــي C- Up to 26 seats (Private) ج - حتى 26 راكب - 30 120 % 7 2,350 خصوصي D- Up to 26 seats (commercial) د - حتى 26 راكب - 30 120 % 7 2,400 عمومــي E- Up to 56 seats (Private) ه ـ- حتى 56 راكب خصوصي 30 120 % 7 2,400 F- Up to 56 seats (commercial) و - حتى 56 راكب - 30 120 % 7 2,500 عمومــي 5 المعدات 30 120 % 7 2,750 Equipments 5 6 الدراجة النارية - 120 % 5 1,050 Cycle Motor 6 The insurance company, the insurance agent or the broker may not impose or collect any additional payment or allowance except by a decision issued by the Insurance Authority