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Article Forty-Six

No: 596/1

The Company shall adhere to principles set forth in this article when pricing insurance policies:

1.Pricing shall be fair, reasonable and adequate; 
 
2.Pricing shall be set in accordance with the Company’s underwriting guidelines with adequacy and appropriateness to the risks undertaken by the Company, and in accordance with appropriate technical reserves. 
 
3.Providing SAMA with justifications and basis used in setting prices. These prices shall not be relied upon other Company’s pricing.