In brief
Makes insurance in the Kingdom cooperative through licensed joint stock companies, and governs their formation and supervision, insurance dispute committees and penalties.
Summary of the law
Key points
- Insurance disputes are heard by committees formed by the Council of Ministers (Article 20); take a rejected claim there after complaining to the insurer.
- Some articles, including those on the committees, are amended; see the notes under them.
A plain-language summary prepared by Al-Bayan Al-Wadih Law Firm, focused on the violations and problems that come up most in daily life. It is not a substitute for the official text or for legal advice.
What it covers
- Form of insurance
- Licensing and supervision
- Insurance dispute committees
- Penalties
Timeline
- Amendments: Royal Decree M/10 · 1/5/1420H. Amendment to some articles (shown on the law's page at the Bureau of Experts)
- Issued: Royal Decree M/32 · 2/6/1424H
- Amendments: Royal Decree M/30 · 27/5/1434H. Amendment to some articles (shown on the law's page at the Bureau of Experts)
Full record of amendments and regulations at the official source
Official text at the Bureau of Experts
The authoritative text is in Arabic; the Bureau of Experts publishes English translations for some laws.
Full official text
The full official text is in Arabic and is reproduced on the Arabic version of this page, as published by the Bureau of Experts at the Council of Ministers. Read the full Arabic text
Library content is simplified general information for awareness only. It is not legal advice and does not replace the official text. Laws change: always check the official source and consult a lawyer before acting. Library data last reviewed: .