Saudi Arabia’s Cabinet approved new rules governing insurance dispute resolution committees, introducing a five-year limitation period for insurance claims.
Under the rules, claims filed more than five years after the amount becomes due will generally not be heard, unless a valid excuse for the delay is accepted.
The regulations will apply to pending insurance disputes that have not yet been resolved, as well as ongoing procedures that remain incomplete.
Saudi Arabia’s Cabinet approved new rules governing insurance dispute resolution committees, introducing a five-year limitation period for insurance claims.
Under the rules, claims filed more than five years after the amount becomes due will generally not be heard, unless a valid excuse for the delay is accepted.
The regulations will apply to pending insurance disputes that have not yet been resolved, as well as ongoing procedures that remain incomplete.
