Commercial Maritime Law
Art. 314Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
The insured shall be responsible for:
1. paying insurance premiums and costs at the agreed time and place;
2. exercising reasonable care to protect the insured item; and
3. providing, at the time of contracting, accurate information relating to the
circumstances he is aware of to enable the insurer to assess insured risks,
and notifying the insurer, during the validity of the contract and within the
limits of his knowledge, of any increase in the insured risks.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded