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Published by api-3699361

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Published by: api-3699361 on Oct 18, 2008
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Comprehensive Private Motor Insurance Policy
Thank you for choosing Tawuniya
Al-Shamel Insurance Policy\u201d is composed of the following:
Policy Terms and Conditions, which are included in this
Policy Schedule
Bail Bond
Endorsements (if any)

All documents relating to this Policy should be perused carefully to understand the size of cover provided under the Policy and to become well aware of the conditions and exclusions applied.

The Proposal completed and signed by the Insured or his legal representative, this Policy including its terms, conditions and exclusions, limits of cover, the Policy Schedule, Bail Bond and any endorsements agreed upon in writing and duly signed during the Policy validity date shall form an integral part of this Policy.

This Policy is issued in accordance with the Cooperative Insurance Companies Supervision Law promulgated by Royal Decree No. M/32 dated 02/06/1424H and its Implementing Regulations issued under Ministerial Resolution No. 1/596 dated 01/03/1425H in this respect and the decision issued by the Council of Ministers as per No. 222 dated 13/08/1422H for motor vehicles compulsory insurance.

In accordance with its Articles of Association as Tawuniya (hereinafter called "the Company") may from time to time decide to distribute to the Policyholders all or part of any annual surplus arising from the insurance operations. The amount, time and manner of and eligibility to such distribution are subject to the rules and regulations as are or may be laid down by the Company's Board of Directors.


The Insured having applied to Tawuniya (hereinafter called "the Company\u201d) by a Proposal and a written declaration to insure the private motor vehicle and agreed to consider them the basis of this contract and integral part hereof; and having paid the Contribution required and declared that he perused all terms, conditions and exclusion of this Policy, the Company has hereby issued this Policy in accordance with the following:


This Section contains the definitions of some words and expressions used in any of the Policy documents. The following words, phrases and expressions, wherever they appear in this Policy, shall have the meanings, which are given below:

\u201cCompany or Insurer\u201d \u2013 means Tawuniya.
\u201cInsured\u201d \u2013 means the natural or judicial person whose name is
listed in the Schedule.
\u201cProposal\u201d \u2013 means the Form completed by the Insured which
information constitutes the basis of the contract and is considered
an integral part of this Policy.
\u201cPolicy Schedule\u201d \u2013 means the schedule attached with the Policy
in which the limits of cover, period of insurance, conditions and
details of Motor Vehicle and extensions of cover are indicated.
\u201cPeriod of Insurance\u201d \u2013 means the period during which the
insurance cover provided by this Policy is in effect.
\u201cMotor Vehicle\u201d \u2013 means the motor vehicle stated in the Schedule.
\u201cAuthorized Driver\u201d \u2013 means any person stated in the Schedule
and permitted to drive or use the Motor Vehicle by permission of the
\u201cPolicy\u201d \u2013 means the insurance booklet, Proposal, the Schedule,
Insurance Certificate, Bail Bond and Endorsements.
\u201cBail Bond\u201d \u2013 means the certificate issued by the Company upon

issuing the Policy to the Insured. It is used, subject to the terms of this Policy, as a guaranty deed in case of third party liability in order to release the detained Insured and prevent his detaining by the Police authorities.

\u201cDeductible\u201d \u2013 means the amount, which is borne by the Insured

for each and every damage/ loss. The Company liability commences after using up the deductible and is only effective to Section (1) of the Policy.

\u201cDepreciation\u201d \u2013 means the decrease in the Motor Vehicle\u2019s value
as a result of use, passing of a period of time or technical
prescription and appearance of modern inventions.
\u201cInsured Value\u201d \u2013 means the Motor Vehicle\u2019s value as determined
by the Insured upon submitting the Proposal.
\u201cMarket Value\u201d \u2013 means the value at which the Motor Vehicle is
sold in the market. The market value is changes according to Motor
Vehicle\u2019s condition and supply and demand.
\u201cExtension\u201d \u2013 means the insurance cover added by the Insured to
the basic cover against the payment of an additional contribution.
\u201cTemporary Total Disablement\u201d \u2013 means a disablement, which

totally prevents the Insured, Authorized Driver or any of the passengers from attending to his usual business or occupation temporarily.

\u201cPermanent Total Disablement\u201d \u2013 means a disablement, which

entirely prevents the Insured, Authorized Driver or any of the passengers from attending any business or occupation of any and every kind and which lasts 52 weeks and at the expiry of that is beyond hope of improvement.

\u201cTotal Loss\u201d \u2013 means the complete loss or damage to the insured
Motor Vehicle that renders its repair unfeasible technically or

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