Khaberni - The House of Representatives, with a majority of votes, approved 12 articles from the Insurance Contracts Bill for the year 2025, as received from the government, out of a total of 101 articles of the bill.
This occurred during a legislative session held on Monday, chaired by the President of the Council, Mazen Al-Qadi, and attended by the Prime Minister Jafar Hassan and members of the government team.
The project aims to enhance transparency and fairness in the relationship between insurance companies and citizens, and ensures the protection of the insured's rights by obligating insurance companies to respond to requests within only 10 days, and prohibits the imposition of unfair or ambiguous terms.
It also contributes to stimulating investment and supporting the national economy by providing a developed legislative environment, in addition to addressing negative phenomena such as buying "crooks" and criminalizing it legally and imposing clear penalties.
The bill is intended to enhance confidence in the insurance sector, achieve the principle of fair compensation that protects the rights of all parties, and ensures that the terms of the contracts are clear, simple, and interpreted in favor of the insured in case of any ambiguity.
The bill defines the obligations incumbent upon the parties of the insurance contract and clarifies the legal provisions resulting from its termination based on justified reasons before the expiry of its term and the obligations arising therefrom on both the insurer and the insured, as well as defining the statute of limitations preventing the hearing of lawsuits arising from the insurance contract, the circumstances in which this limitation is interrupted, and the date on which the right arises for the insurer and third parties to initiate lawsuits.
