The House of Representatives approves the "Insurance Contracts Amendment" after the Senate's amendments.

The House of Representatives, by a majority vote, approved the amendments made by the Senate regarding articles of the draft amended Insurance Contracts Law of 2025, and thus approved the draft law with the amendments made by the Senate.

This came during a legislative session held by the House of Representatives on Wednesday, chaired by Speaker Mazen Al-Qadi, and attended by members of the government team.

The Senate approved, on April 6, 2026, the “Insurance Contracts Amendment” as received from the House of Representatives, with some modifications, and thus it was returned to the “House of Representatives”.

Regarding Article Four, the House of Representatives endorsed the Senate’s decision regarding paragraph (b), which included “deleting the phrase unless insurance is mandatory.”

This article, as approved by the House of Representatives, states: “B- Unless insurance is mandatory, the insurer shall study the insurance application and assess the insured risks, and respond to the insurance application with acceptance or rejection within a period not exceeding (14) fourteen working days from the date of its receipt. The insurance application shall be considered accepted if this period has passed without a written response of rejection.”

While the article, as it appeared in the draft law, stipulated: “B - The insurer shall study the insurance application and assess the insured risks, and respond to the insurance application with acceptance or rejection within a period not exceeding (10) ten working days from the date of its receipt. The insurance application shall be considered accepted if this period has passed without a written response of rejection.”

With regard to Article Twelve, the “Deputies” approved the decision of the Senate, which included “B- Approving it as it appeared in the draft law after deleting the phrase “(30) thirty days” and replacing it with the phrase “(60) sixty days”.

This article, as approved by the House of Representatives, states: “B - The insurer may terminate the insurance contract if the insured fails to pay the insurance premium, and (30) thirty days have passed since the date he was notified of the obligation to pay. The insurer may request the termination of the contract with compensation if there is a reason for it.”

This article, as it appeared in the draft law, stipulated: “A - The insured is obligated to pay the insurance premium in accordance with what was agreed upon with the insurer, even if the insurance contract was concluded for the benefit of a party other than the insured. B - The insurer may terminate the insurance contract if the insured fails to pay the insurance premium and thirty (30) days have passed since the date he was notified by the insurer of the obligation to pay, and he has the right to claim from the insured the insurance premiums for the period prior to its termination.”

Regarding Article 65, the House of Representatives approved the decision of the Senate, with regard to Clause 1 of Paragraph (a) of Clause 1, which includes: “Approval of it as stated in the draft law after adding the phrase (and its annexes) after the phrase (and its devices).”

This article, as approved by the House of Representatives, states: “A- The subject of marine insurance may be the following: 1- The ship and its accessories, and the ship that is still under construction, or during its transfer, repair, or stay in docks, or during its trial.”

This article, as it appeared in the draft law, stipulated: “A. The subject matter of marine insurance may be the following: 1. The ship and its equipment, and a ship that is still under construction, being transported, repaired, docked, or undergoing trial. 2. The cargo, goods, and any other property on board the ship, and the profits expected therefrom. 3. The ship's freight, passengers' fees, commissions, and any income derived from the operation of the ship. 4. Civil liability that may arise from the sea voyage. B. The subject matter must be clearly and fully defined in the insurance contract, and general terms shall be interpreted in favor of the insured.”

The House of Representatives had approved, on November 24, 2025, the referral of the draft Insurance Contracts Law for the year 2025 to the Parliamentary Committee on Economy and Investment, which in turn approved it on February 4, 2026.

It is noted that the Cabinet, during a session held on November 5, 2025, approved “Insurance Contracts”, which aims to enhance transparency and fairness in the relationship between insurance companies and citizens.

The bill ensures the protection of the insured's rights by obligating insurance companies to respond to requests within just 10 days, and preventing the imposition of unfair or ambiguous conditions.

It also contributes to stimulating investment and supporting the national economy by providing a sophisticated legislative environment, in addition to addressing negative phenomena such as the purchase of “crokats” and criminalizing them legally and imposing clear penalties.

The draft law aims to enhance confidence in the insurance sector and achieve the principle of fair compensation that protects the rights of all parties, while ensuring that the terms of contracts are clear and simple and are interpreted in favor of the insured in case of any ambiguity.

It also affirms the right to fair compensation equivalent to the actual loss, up to the maximum amount of insurance agreed upon, and prohibits the imposition of vague or unfair conditions that would deprive the citizen of compensation.

“Insurance contracts” work to establish clear rules that regulate the stages of the insurance process, starting from the stage of submitting the insurance application and ending with the conclusion and implementation of the contract, and emphasize highlighting the general and special terms and conditions, coverages, exclusions and data that must be available in the insurance contract as a minimum, such as the insured interest, the nature of the risks insured or against, the amount of insurance and its premium, the date of conclusion of the contract, its effective date, time and duration.

Under the draft law, legal provisions are put in place that take into account the specificity of the insurance contract in general, and the specificity of some of its types in particular, such as the insurance contract for persons, money, life, fire and other property damage, the medical insurance contract, the marine insurance contract and the reinsurance contract.

Insurance contracts define the obligations of both parties to the insurance contract and clarify the legal provisions resulting from its termination based on justifiable reasons before the expiry of its term, and the resulting obligations for the insurer and the insured.

It also specifies the statute of limitations that prevents the hearing of claims arising from the insurance contract, the cases in which this statute of limitations is interrupted, and the date on which the right arises for the insurer and for third parties to file claims.