Khaberni - The House of Representatives, with a majority of votes, approved the Senate's amendments regarding clauses from the Draft Law amending the Insurance Contracts Law for the year 2025, thus endorsing the draft bill with the amendments made by the "Senate".
This occurred during a legislative session held by the House of Representatives today, Wednesday, chaired by the Speaker of the Council Mazen Al-Qadi, and with the attendance of members of the government team.
The Senate had approved on April 6, 2026, the "Amended Insurance Contracts" as submitted from the House of Representatives, with some amendments, and hence it was returned to the "House".
Regarding Article 4, the House of Representatives supported the Senate's decision concerning paragraph (b), which includes "the deletion of the phrase unless the insurance is mandatory".
This article, as approved by the House of Representatives, states: "b- Unless the insurance is mandatory, the insured must study the insurance request and assess the risks covered, and respond to the insurance request by acceptance or rejection within a period not exceeding (14) fourteen business days from the date of its receipt, and the insurance request is considered accepted if this period elapses without a written refusal".
While the article, as it appeared in the draft law, stated: "b - The insured must study the insurance request and assess the risks covered, and respond to the insurance request by acceptance or rejection within a period not exceeding (10) ten business days from the date of its receipt, and the insurance request is considered accepted if this period elapses without a written refusal".
Regarding Article 12, the "House" agreed on the Senate's decision, which includes "b- Approval of it as stated in the draft law after deleting the phrase "(30) thirty days" and replacing it with the phrase "(60) sixty days".
This article, as approved by the House of Representatives, states: "b - The insured may terminate the insurance contract if the insured fails to pay the insurance premium, and (30) thirty days have passed since the date of notifying him of the payment obligation, the insured may request the termination of the contract with compensation if justified".
It stated in the draft law: "a - The insured must pay the insurance premium according to what was agreed with the insurer even if the insurance contract was concluded for the benefit of a party other than the insured. b - The insured may terminate the insurance contract if the insured fails to pay the insurance premium, and (30) thirty days have passed since the date he was notified of the obligatory payment notice, and he has the right to demand the insured for the premiums for the period before the termination."
Regarding Article 65, the House of Representatives agreed on the Senate's decision concerning item 1 of paragraph (a) of the item, which includes: "Approval of it as stated in the draft law after adding the phrase (and its accessories) after the phrase (and its devices)".
This article, as approved by the House of Representatives, states: "a- It is permissible for the subject of marine insurance to be: 1- The vessel and its accessories, the vessel that is still under construction or during its transfer, restoration, or stay in the docks, or while testing it".
It stated in the draft law: "a- It is permissible for the subject of marine insurance to be: 1- The vessel and its devices, the vessel that is still under construction or during its transfer, restoration, or stay in the docks, or while testing it. 2- The cargo and goods and any other properties on the vessel, and the expected profits therefrom. 3- The vessel's fares, passengers, and commission and any income derived from operating the vessel."
4- The civil liability likely to arise and resulting from the sea voyage. b- The subject must be clearly defined in the insurance contract, and general terms should be interpreted in favor of the insured."
On November 24, 2025, the House of Representatives approved the referral of the 2025 Insurance Contracts Draft Law to the Economic and Investment Parliamentary Committee, which in turn approved it on February 4, 2026.
It is noted that the Cabinet approved, during a session held on November 5, 2025, "Insurance Contracts", aimed at enhancing transparency and fairness in the relationship between insurance companies and citizens.
The draft law ensures the protection of the insured's rights by requiring insurance companies to respond to requests within only 10 days, prohibiting the imposition of unfair or vague terms.
It also contributes to stimulating investment and supporting the national economy by providing an advanced legislative environment, in addition to addressing negative phenomena such as the purchase of "ghost cars" and criminalizing it legally, imposing clear penalties.
The draft law aims to enhance trust in the insurance sector and achieve the principle of fair compensation that protects the rights of all parties, while ensuring that contract terms are clear, simple, and interpreted in favor of the insured in case of any ambiguity.
It also affirms the right to fair compensation equivalent to the actual loss, with a maximum limit of the agreed insurance amount, as it prevents the imposition of vague or unfair terms that lead to depriving the citizen of compensation.
"Insurance Contracts" sets clear rules regulating the stages of the insurance process, from the stage of submitting the insurance request to concluding the contract and executing it, highlighting the general and specific terms, coverages, exceptions, and the required data to be included in the insurance contract as a minimum, such as the interest insured, the nature of the risks insured against or against, the amount of insurance and its premium, and the date of concluding the contract, the effective date and time, and its duration.
By virtue of the draft law, legal provisions are established that take into account the general specificity of the insurance contract, and the specificity of some of its types in particular, such as the contract of insurance on persons, property, life, from fire and other damages to property, medical insurance contract, marine insurance contract, and reinsurance contract.
It specifies the obligations incurred by both parties of the insurance contract and clarifies the legal provisions resulting from its termination based on justifiable reasons before the end of its duration and the obligations incurred thereby on the insurer and the insured.
It also determines the statute of limitations preventing the hearing of claims arising from the insurance contract, the cases in which this limitation is interrupted, and the date on which the right arises for the insurer and for third parties to file claims.
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