New procedures for the settlement of motor claims in Saudi Arabia
Payment of claims not exceeding 2 000 SAR (533 USD) shall be made within five days from receipt of the claim notification.
Compensation payment to the beneficiary is now made by bank transfer. SAMA’s decision comes as a result of the numerous complaints filed by policyholders regarding delayed refunds of their claims.
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Thu, 26/01/2017 - 11:47
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