Insurance and Reinsurance Services Providers shall obtain an insurance policy to cover professional liability risks for negligence, wrongdoing and dereliction of duties with a minimum coverage limit of:
| | ■ | (SR 3,000,000) Three million Saudi Riyals for Insurance Brokerage.
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| | ■ | (SR 6,000,000) Six million Saudi Riyals Reinsurance Brokerage.
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| | ■ | (SR 1,000,000) One million Saudi Riyals for Insurance Agency.
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| | ■ | (SR 3,000,000) Three million Saudi Riyals for Actuary or Loss Assessor and Loss Adjuster.
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| | ■ | (SR 1,000,000) One million Saudi Riyals for Insurance Claims Settlement Specialists (Third Party Administrator).
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| | ■ | (SR 500,000) Five hundred thousand Saudi Riyals Insurance Advisor.
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