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Article (5)

IA-BOD-RES 33/2019 Effective from 15/7/2019

The Committees shall not be competent to:

  1. The summary and interim cases and orders and precautionary attachment.
  2. The Insurance Disputes pending before the courts before the Regulation goes into effect in any instance of litigation.
  3. The Insurance Disputes that are subject to an arbitration clause.
  4. The subrogation of an Insurer (Company), by the amount paid as an insurance for a damage, in the place of the insured or the beneficiary for the rights of any of them before the third party causing the damage for which the insurer is liable or before the insurance company of the third party causing the damage under a legal subrogation right.
  5. Claims between Insurance Companies and the adjustment of balances.
  6. Claims between Insurance-Related Professionals and Insurance Companies.

 

This article has been amended by the Insurance Authority Board of Directors Decision No. (9) of 2020. You are on the latest version. To view the previous version, click the version box below.
Version 1(effective from 15/07/2019 to 12/03/2020)

 

The Committees shall not be competent to:

  1. The summary and interim cases and orders and precautionary attachment.
  2. The Insurance Disputes pending before the courts before the Regulation goes into effect in any instance of litigation.
  3. The Insurance Disputes that are subject to an arbitration clause.