New regulation passed for motor insurance policies in the UAE

The Board of Directors of the Insurance Authority (IA) has adopted a new unified regulation for vehicle insurance policies against civil liability and against loss and damage.

The issuance of this unified regulation comes after more than 27 years of work using the two vehicle insurance policies issued in 1987, and after several amendments to them during that period.

The regulation contains many provisions that will be considered by the company, raising a number of issues in the application.

The regulation is a binding legal text that does not in any way prejudice the provisions of the insurance policies, with the possibility of executing an agreement inuring to the benefit of the insured.

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