The number of insurance companies joining the Magistrate Center to settle cases arising from vehicle insurance for individuals has reached 26 companies.
A source familiar with the General Secretariat of the Committees for the Resolution of Insurance Disputes and Violations confirmed that the insurance companies that have a vehicle insurance product signed an agreement with the Conciliation Center in the Secretariat, where the conditions for benefiting from the service are that the lawsuit be submitted by individuals against an insurance company Signing the membership agreement at the center
The General Secretariat of the Committees for the Resolution of Insurance Disputes and Violations announced the launch of the Magistrate’s Center in the Secretariat last month, which is concerned with the right settlement of claims by individuals against insurance companies in disputes arising from vehicle insurance contracts for individuals, and the value of the claim for compensation in them does not exceed 50 thousand riyals, according to For the controls specified in the procedures regulating conciliation.
In April, individual cases against vehicle insurance companies were actually received.
The conditions for benefiting from the service are that the dispute arises from the vehicle insurance contract for individuals, and the value of the claim for compensation in it does not exceed the amount of 50 thousand riyals, and that the request is submitted within one year from the date of the amount of the compensation, provided that the claims are not related to compensation for blood money and physical damage.
All reconciliation requests are received from all parts of the Kingdom electronically, as the requests are processed and terminated without the need for the parties to the conflict to attend or to review one of the committees’ secretariat headquarters, and individuals have the right to accept or reject the reconciliation proposal and request asylum to the insurance committees.