Skip to main content

The Standard Policy of Inherent Defects Insurance (IDI)

Effective from - Mar 28 2020
To view other versions open the versions tab on the right

The Saudi Arabian Monetary Authority has issued this Policy according to the Governor’s decision number (441/187) dated 05/08/1441H, based on the powers vested to SAMA by the Cooperative Insurance Companies Control Law promulgated by Royal Decree No. (M/32) dated 02/06/1424H (corresponding to 31/07/2003), and its Implementing Regulation issued by the Decision of the Minister of Finance No. (1/596) dated 01/03/1425H (corresponding to 20/04/2004).