The IA instructs the companies to fully comply with the terms of the Unified Motor Insurance Policy

: 4/30/2012

Monday, April 30, 2012

 

The Insurance Authority (IA) issued instructions to the insurance companies to fully comply with the terms of the Unified Motor Insurance Policy and to refer to the IA regarding any action in violation therefore.

H.E. Fatima Mohammed Ishaq Al Awadi, Deputy Director General of the IA, said in the circular addressing the insurance companies licensed to practice in the State that the addition of any conditions or terms to the Unified Motor Insurance Policy that was not included in the policy shall be void and contradicts the provisions of the Ministerial Resolution No. 54 of 1987 unifying motor insurance policies.

 

She said that the IA noticed that some insurance companies has added conditions to the Unified Motor Insurance Policy that were not included in the original policy, including an undertaking by the Insured not to allow any licensed driver below 23 years of age to drive the insured vehicle.  Additionally, these companies reject accidents caused by a person below 23 years of age and oblige the Insured to repair the vehicle on his own and at his expense as well as incur any damage to third parties and present the vehicle to the company for examination to reactivate the insurance policy.

 

The IA emphasized that the addition of such terms or any other conditions to the Unified Motor Insurance Policy shall be void and violates the provisions of the Ministerial Resolution unifying motor insurance policy.

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