Oman Decision No. 19/2016 On the Issuance of the Standard Vehicle Insurance Policy Form

Abrogating

The Oman Decision No. K/8/2008 dated 15/03/2008.

Based on the Oman Sultani Decree No. 50/1977 ratifying the consolidated insurance card agreement on the movement of cars through Arab countries,

The Insurance Companies Law, promulgated by the Oman Sultani Decree No. 12/1979,

The Vehicle Insurance Law, promulgated by the Oman Sultani Decree No. 34/1994,

The Oman Sultani Decree No. 90/2004 transferring the insurance competencies from the Ministry of Commerce and Industry to the Capital Market Authority,

The Vehicle Insurance Rules, promulgated by the Oman Ministerial Decision No. 99/1995,

The standard vehicle insurance policy form, promulgated by the Oman Decision No. K/8/2008,

The Decision of the Board of Directors of the Capital Market Authority,

And based on the public interest requirements,

The following was decided:

Article 1

The enclosed standard vehicle insurance policy form shall enter into effect.

Article 2

The said Oman Decision No. 8/2008 shall be abrogated along with all that violates or contradicts the provisions of this Decision.

Article 3