Article Two
No: 596/1 |
Effective from Apr 20 2004 - Apr 19 2004
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Objectives of the Law and its Implementing Regulation:
1. | Protection of policyholders and shareholders. | |
2. | Encouraging fair and effective competition. | |
3. | Enhancing the stability of the insurance market. | |
4. | Enhancing the insurance sector in the Kingdom, and provide training and employment opportunities to Saudi nationals. |