SAMA directs insurers to cover natural disasters in auto policies: report

26/11/2017 Argaam

 

The Saudi Arabian Monetary Authority (SAMA) has ordered insurers to include coverage against natural disasters such as floods, rain, and hail in car insurance policies, for both individuals and companies, Al-Madinah newspaper reported.

 

In a circular, SAMA warned insurers that it would take legal action against violating companies after Jan. 1, 2018.

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