SAMA says compulsory vehicle insurance claims form updated, to take effect on Aug. 14

25/07/2022 Argaam
Logo of Saudi Central Bank (SAMA)

Logo of Saudi Central Bank (SAMA)

The Saudi Central Bank (SAMA) updated the compulsory vehicle insurance claims form for third parties (individuals and corporates), which will come into effect from Aug. 14.

 

The update comes in line with the latest amendments to the rules and regulations issued by the competent authorities, SAMA said in a circular.

 

The updates include widening the scope of the form’s application to cover all third-party claims and the possibility of conversion into digital forms.

 

All providers of vehicle insurance products are required to comply with the updated claims form, the central bank added.

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