The insurance code consists of the following sections
Law No. 17.99 related to the Insurance Code 2
Royal Decree No. 1.02.238 issued on Rajab 25, 1423 (October 3, 2002) implementing Law No. 17.99 related to the Insurance Code 3
Book One: Insurance Contract 4
Section One: Insurances in general 4
Part One: General Provisions 4
Chapter Two: Evidence of the Insurance Contract, Forms of Contract and Methods of Transmission 10
Chapter Three: Obligations of the Insured and the Insured 12
Chapter Four: Prescription 18
Section Two: Insurances of Damage 20
Part One: General Provisions 20
Chapter Two: Insurances Against Fire 22
Part Three: Insurances against hail and livestock deaths 23
Chapter Four: Liability Insurances 24
Part Five: Insurances for the consequences of catastrophic events 25
Section Three: Insurances of Persons 27
Part One: General Provisions 27
Chapter Two: Life Assurances and Capitalization 28
Chapter Three: Collective Insurance Contract 35
Chapter Four: Provisions related to lost, destroyed or stolen life insurance and capitalization contracts 36
Book Two: Compulsory Insurances 39
Section One: Sniping Insurance 39
The second section: securing 40-engine vehicles
Chapter One: Persons Subject to Compulsory Insurance 40
Chapter Two: Scope of Compulsory Insurance 40
Chapter Three: Exemption from Guarantee and forfeiture of the Right to Compensation 41
Chapter Four: Oversight of Compulsory Insurance 42
Chapter Five: Replacement of the Insured in the place of the Insured for all compensation for damages incurred by Gentiles 42
Chapter Six: Penalties 43
Section Three: Traffic Accidents Guarantee Fund 44
Part 1: Purpose 44
Chapter Two: Management and Control Organs 44
Chapter Three: Financial Provisions 46
Chapter Four: Conditions for Resorting to the Traffic Accident Guarantee Fund 47
Chapter Five: Solutions 51
Chapter Six: Penalties 51
Section Four: Building Insurances 52
Part One: Workshop Risks Insurance 52
Chapter Two: Decimal Civil Liability Insurance 54
Chapter Three: Common Provisions 56
Book Three: Insurance and Reinsurance Contracting 59
Section One: General Conditions 59
Section Two: Conditions of Practice for Insurance and Reinsurance Contracting 62
Part One: Accreditation 62
Chapter Two: Joint Stock Companies 64
Chapter Three: Mutual Insurance Companies and Their Unions 65
Section Two bis: Management of Takaful Insurance Funds and Takaful Reinsurance 77
Section III: Management Rules 80
Section Four: Accounting and Statistical Rules 83
Section Five: Financial Guarantees 84
Section VI: Control Rules 87
Chapter One: Scope of Surveillance 87
Chapter Two: How to Monitor 91
Part Three: Revoking Accreditation 95
Section Seven: Liquidation 96
Section VIII: Privileges of the Insured and Contract Beneficiaries 98
Section 9: Penalties 99
Section Tenth: Professional Bodies 102
Book Four: Presentation of Insurance Operations 104
Section One: Definition, Conditions of Practice and Management 104
Section Two: Transferring the portfolio of the brokerage firm or the insurance agency 109
Section Three: Control Rules 109
Section Four: Stopping the Insurance Broker’s Activity and Withdrawing its Approval 110
Section V: Administrative and Criminal Penalties 111
Part One: Administrative Punishments 111
Chapter Two: Criminal Penalties 113
Book Five: Various and Transitional Provisions 114
Index 117
Law No. 17.99 related to the Insurance Code 2
Royal Decree No. 1.02.238 issued on Rajab 25, 1423 (October 3, 2002) implementing Law No. 17.99 related to the Insurance Code 3
Book One: Insurance Contract 4
Section One: Insurances in general 4
Part One: General Provisions 4
Chapter Two: Evidence of the Insurance Contract, Forms of Contract and Methods of Transmission 10
Chapter Three: Obligations of the Insured and the Insured 12
Chapter Four: Prescription 18
Section Two: Insurances of Damage 20
Part One: General Provisions 20
Chapter Two: Insurances Against Fire 22
Part Three: Insurances against hail and livestock deaths 23
Chapter Four: Liability Insurances 24
Part Five: Insurances for the consequences of catastrophic events 25
Section Three: Insurances of Persons 27
Part One: General Provisions 27
Chapter Two: Life Assurances and Capitalization 28
Chapter Three: Collective Insurance Contract 35
Chapter Four: Provisions related to lost, destroyed or stolen life insurance and capitalization contracts 36
Book Two: Compulsory Insurances 39
Section One: Sniping Insurance 39
The second section: securing 40-engine vehicles
Chapter One: Persons Subject to Compulsory Insurance 40
Chapter Two: Scope of Compulsory Insurance 40
Chapter Three: Exemption from Guarantee and forfeiture of the Right to Compensation 41
Chapter Four: Oversight of Compulsory Insurance 42
Chapter Five: Replacement of the Insured in the place of the Insured for all compensation for damages incurred by Gentiles 42
Chapter Six: Penalties 43
Section Three: Traffic Accidents Guarantee Fund 44
Part 1: Purpose 44
Chapter Two: Management and Control Organs 44
Chapter Three: Financial Provisions 46
Chapter Four: Conditions for Resorting to the Traffic Accident Guarantee Fund 47
Chapter Five: Solutions 51
Chapter Six: Penalties 51
Section Four: Building Insurances 52
Part One: Workshop Risks Insurance 52
Chapter Two: Decimal Civil Liability Insurance 54
Chapter Three: Common Provisions 56
Book Three: Insurance and Reinsurance Contracting 59
Section One: General Conditions 59
Section Two: Conditions of Practice for Insurance and Reinsurance Contracting 62
Part One: Accreditation 62
Chapter Two: Joint Stock Companies 64
Chapter Three: Mutual Insurance Companies and Their Unions 65
Section Two bis: Management of Takaful Insurance Funds and Takaful Reinsurance 77
Section III: Management Rules 80
Section Four: Accounting and Statistical Rules 83
Section Five: Financial Guarantees 84
Section VI: Control Rules 87
Chapter One: Scope of Surveillance 87
Chapter Two: How to Monitor 91
Part Three: Revoking Accreditation 95
Section Seven: Liquidation 96
Section VIII: Privileges of the Insured and Contract Beneficiaries 98
Section 9: Penalties 99
Section Tenth: Professional Bodies 102
Book Four: Presentation of Insurance Operations 104
Section One: Definition, Conditions of Practice and Management 104
Section Two: Transferring the portfolio of the brokerage firm or the insurance agency 109
Section Three: Control Rules 109
Section Four: Stopping the Insurance Broker’s Activity and Withdrawing its Approval 110
Section V: Administrative and Criminal Penalties 111
Part One: Administrative Punishments 111
Chapter Two: Criminal Penalties 113
Book Five: Various and Transitional Provisions 114
Index 117
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