Social Insurance Law
Art. 13Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
1. The Organization shall, at least once every three years, conduct a detailed actuarial study of each
social insurance branch, savings program, and insurance product. Such study shall include an
assessment of the current and future obligations of each social insurance branch, savings program,
and insurance product, and whether there exists a balance between the compensations specified
for the branch, program, or product and its future obligations. The Board of Directors shall submit
the results of such study, together with its recommendations, to the Council of Ministers.
2. The State shall, upon the approval of the Council of Ministers based on a proposal by the Board
of Directors, pay any actual deficit if sufficient assets are not available to cover the compensations
of the social insurance branches and insurance products.
Social Insurance Law
Part 2: Annuities Branch
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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