Saudi Arabia: Public Consultation on Insurance Policies for Deaths and Injuries Abroad Launched
Saudi Arabia’s Monetary Authority has launched a public consultation on insurance policies for those who are involved in car accidents abroad and die or are injured. The proposal is for insurance companies to offer additional coverage including covering deaths, injuries and medical costs for insured people or drivers in accidents which happen outside the Kingdom. The aim of the law is to regulate the contractual relationship between an insured individual and an insurance company.