News

29October 2024

Announcement of lifting the suspension of Madarat Insurance Brokerage Company

Announcement of lifting the suspension of Madarat Insurance Brokerage Company
Further to the Authority’s announcement dated 10/6/2024 AD, which included suspending Madarat Insurance Brokerage Company from practicing its activity, the Authority announces that it has decided to lift the suspension of the company and allow it to practice its activity as of the day... date 00/00/2024 AD.The Authority indicates that the decision to lift the suspension comes as a result of the company correcting the violations issued against it, and its commitment to the regulatory standards and terms, while stressing its continuous follow-up of the company to ensure the sustainability of corrective measures.The Authority invites all those who have existing rights against the company to review the company in this regard, and in case of non-response, the lodge should be submitted to the Insurance Authority through the Customer Protection website via the link (care.ia.gov.sa) or by calling the toll-free number (8001240551).

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