Amendments to the Regulations for Issuing Supplementary Vehicle Insurance Documents (2013)

683
Official Gazette

Regulations No. (2) of 2013
Amendments to the Regulations for Issuing Supplementary Vehicle Insurance Documents Issued by the Board of Directors of the Insurance Commission

Article (1):
These Regulations shall be known as the "Amendments to the Regulations for Issuing Supplementary Vehicle Insurance Documents for the Year 2013" and shall be read together with Regulations No. (3) of 2012 referred to hereinafter as the "Original Regulations" as a single set of regulations, and shall come into effect from the date of their publication in the Official Gazette.

Article (2):
Article (4) of the Original Regulations is amended by adding the following paragraphs (c) and (d) thereto:

c- From July 1, 2014, insurance policies shall be issued electronically through a computerized system connected to the company's main center, such that each policy carries a serial number which is recorded in the company's database. This database must include the name of the insured, the name of the person who issued the policy, their title, the place of issuance, the date of issuance, and the insurance policy price.

d- The insurance amount, the price/premium of the insurance policy, and the deductible (excess) amount shall be recorded in both numerical and written forms in the policy table or in a prominent and clear location on the first page of the policy, as appropriate.

Board of Directors
Insurance Commission