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Article Twelve Control and Inspection

No: 188/441 Date(g): 6/5/2020 | Date(h): 14/9/1441

Effective from 2020-05-06 - May 05 2020
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  1. SAMA shall supervise and conduct a periodic or surprise inspection of the Bank and the Company to ensure compliance to the Agreement and SAMA’s Bancassurance Rules, and investigate any violations detected by the inspection or from the complaints received by SAMA.
  2. SAMA may request all relevant information and documents to ensure the Bank and the Company’s compliance with the provisions of the Agreement and SAMA’s applicable instructions on conducting Bancassurance Activities.