The Insurance Regulatory Unit of Kuwait has issued new rules prohibiting insurance companies from reducing compensation after a policy has been issued.
Under the decision, insurers are also barred from fixing or altering the agreed value of the vehicle once the policy is active.
Insurers are no longer permitted to reassess a vehicle's value or rely on its market value at the time of an incident.
Compensation will now depend entirely on the value agreed when the policy was first issued.
The decision aims to enhance transparency in Kuwait's vehicle insurance sector and strengthen consumer protection.
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