In a press release, Head of the Insurance Regulatory Unit Mohammed Al-Otaibi explained that the resolution includes several obligations for insurance companies, most notably the addition of a declaration and pledge clause to the general conditions of mandatory insurance policies. This clause confirms that the insured or subscriber is aware of the terms, conditions, exceptions, and coverage limits.

He pointed out that the QR code system will be implemented 180 days after the decision’s publication in the official gazette, allowing companies ample time to adjust and prepare their systems to comply with the new requirements. Al-Otaibi emphasized that from the date of publication, all companies are required to adhere to unified principles and standards when issuing mandatory policies. He stated that the annex to the decision includes technical controls for developing electronic systems, as well as measures related to information security and protection, in addition to awareness controls for beneficiaries, adding that these are designed to ensure the integrity of electronic policy issuance and their safe use, preventing attempts at forgery or fraud. Al-Otaibi emphasized that the decision represents an important step in the unit’s efforts to develop the insurance sector’s infrastructure and improve its efficiency in line with international best practices. He highlighted that the decision enhances the protection of the rights of insured individuals and policy beneficiaries, while also supporting the national economy and strengthening social stability in the country.