هيئة التأمين

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Saudi Insurance Authority Issues Warning Against Unauthorized Extended Warranties

The Saudi Insurance Authority has issued a stern warning against the sale or provision of 'extended warranty' products without the necessary licensing. This warning is part of the authority's efforts to monitor compliance with insurance laws and protect consumers.

Impose strict penalties for selling extended warranties without license

The Saudi Insurance Authority announced that offering or selling 'extended warranty' products without a license is a legal violation. Offenders may face fines up to <strong>2 million riyals</strong> or imprisonment for up to <strong>four years</strong>.