Article 25 of the Saudi Insurance Control Law
المادة 25 من نظام مراقبة شركات التأمين التعاوني
The article provides that the Cooperative Insurance Companies Control Law is published in the Official Gazette and takes effect 90 days after its publication date.
Official text (Arabic)
This article has not been amended since the law was issued.
ينشر هذا النظام في الجريدة الرسمية ويعمل به بعد مضي تسعين يومًا من تاريخ نشره .
This is the official Arabic wording, the only legally binding version. We do not translate the law itself; the explanation below is ours. Official source: Bureau of Experts at the Council of Ministers
Article 25 explained in plain English
This is the publication and entry-into-force article, with two provisions:
- Publication: the law is published in the Official Gazette.
- Entry into force: it takes effect 90 days after the date of its publication, not from the day of publication itself.
This period gives insurance and reinsurance companies and the bodies concerned time to prepare for the law's provisions before they become binding. Publication of the law alone does not make its provisions effective; that begins when the period has elapsed.
This article is connected to Article 24, which provides that the Companies Law applies to everything not covered by a special provision in this law, to the extent consistent with the nature of this type of company and subject to Article 1. So once the law takes effect, its special provisions apply, and the Companies Law is turned to where there is no provision.
The article does not state the publication date itself, so finding the actual date the law takes effect requires referring to its date of publication in the Official Gazette.
Translated from our Arabic explanation with machine assistance. For guidance only; it does not replace advice from a lawyer on your situation.
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Frequently asked questions about Article 25 of the Saudi Insurance Control Law
When does the Cooperative Insurance Companies Control Law take effect?
It takes effect 90 days after the date of its publication in the Official Gazette.
Where is the Cooperative Insurance Companies Control Law published?
It is published in the Official Gazette.
More articles on Cooperative Insurance and the Scope of the Law
- Article 1
The article limits insurance in the Kingdom to insurance companies registered there that operate on a cooperative insurance basis in a manner that does not conflict with the provisions of Islamic Sharia.
يكون التأمين في المملكة العربية السعودية عن طريق شركات تأمين مسجلة فيها ، تعمل بأسلوب التأمين التعاوني على غرار الأحكام الواردة في النظام الأساسي للشركة الوطنية
- Article 4
The article makes the Implementing Regulations determine the insurance operations subject to the Law, and makes each insurance company specify the types of insurance it will carry on.
تحدد اللائحة التنفيذية عمليات التأمين الخاضعة لهذا النظام ، وتحدد كل شركة من شركات التأمين أنواع التأمين التي سوف تمارسها .
- Article 23
The article provides that the Implementing Regulations are issued by decision of the Minister of Finance, published within 60 days of the law's publication, and take effect when the law does.
تصدر اللائحة التنفيذية لهذا النظام بقرار من وزير المالية ، ويتم نشرها خلال ستين يومًا من تاريخ نشر هذا النظام ، ويبدأ العمل بها بتاريخ العمل بهذا النظام .
- Article 24
The article provides that the Companies Law applies to everything not covered by a special provision in the Cooperative Insurance Companies Control Law, to the extent consistent with insurance companies' nature and subject to Article 1.
مع مراعاة ما ورد في المادة ( الأولى ) من هذا النظام يسري نظام الشركات على كل ما لم يرد في شأنه نص خاص في هذا النظام ، وذلك بالقدر الذي يتفق وطبيعة هذا النوع من
The texts are reproduced from the official website of the Bureau of Experts at the Council of Ministers for reference; where they differ, the officially published Arabic text prevails. This content is not legal advice.