Motorists call for crackdown on insurance delays

PAYOUT DELAYS: Insurance companies must pay out without delay, says SAMA.

Complaints have been received in Saudi Arabia about delays by insurance companies in paying compensation after traffic accidents.

Motorists in Jeddah are urging authorities to enact regulations to force the companies to pay the indemnities without delay, Arab News reported on Sunday.

The Traffic Department says its duty is limited to identifying mistakes after inspecting accident sites, prepare reports and inform insurance companies about compensation.

It says forcing companies to pay compensation is not within its jurisdiction.

The Saudi Arabian Monetary Agency (SAMA), which supervises insurance companies operating in the Kingdom, said it would suspend the activities of those companies that violate regulations and delayed payment of compensations.

A SAMA official confirmed that they had suspended some insurance companies after receiving complaints about them.

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