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Kuwait Bans Insurers from Revaluing Vehicles or Reducing Compensation After Accidents
- Kuwait’s Insurance Regulatory Unit has issued new rules governing comprehensive vehicle insurance policies, including provisions that fix the insured value of vehicles and prohibit insurance companies from reducing compensation after a policy has been issued.
- The decision also gives qualified insurance companies 90 days to add QR codes to comprehensive insurance policies, while requiring any ambiguity or unclear wording in an insurance policy to be interpreted in favor of the insured.
- The new regulations were issued under Decision No.
- 53 of 2026 by Mohammed Suleiman Al-Otaibi, Chairman of the…
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