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Article (13): Insurance Policy Language
1) | The Insurance Policy shall be concluded in the State in Arabic, and an accurate translation into any other language may be attached therewith. In case of discrepancy in the interpretation of the policy, the Arabic text shall prevail. |
2) | The policy’s clauses exempting the Insurance Company from liability shall be written in bold with a different colour, and must be endorsed by the Insured. |
3) | Insurance Policies may be electronically issued, in accordance with the terms and conditions established by virtue of a resolution by the Board. |
4) | Notwithstanding the provision of clause (1) above, the Governor may exclude certain Insurance Policies from the condition of being concluded in Arabic, provided that a translated copy in Arabic be submitted if so requested by the CBUAE. |