Skip to main content

Article (7) – Disclosures

Effective from 9/10/2019
  1. The following issues in Articles (8) to (13) with regards to communicating with the client need to be complied with at all times and for all new policies sold after the effective date of the provisions of this decision, as appropriate.
     
  2. Companies are required to have approved internal risk management controls that defines the clear responsibilities of the individuals, Distribution Channel, and the Company in the event that any breach in disclosures are made to the client. These controls must be shared and signed off by all the concerned stakeholders that are involved in selling Life insurance products.
     
  3. All documents which can be provided to the clients must be available in two languages; the Arabic language and another language as requested by the client.