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Financial Authority approves Medical Errors Fund registration
The General Authority for Financial Supervision has decided to register the "Government Medical Malpractice Insurance Fund" in the Register of Governmental Insurance Funds, aiming to strengthen the insurance system related to medical liability. The fund's purpose is to provide insurance coverage to compensate beneficiaries in cases of death, disability, or injuries resulting from medical errors. Participation in the fund is a requirement for practicing medical professions or obtaining licenses for healthcare facilities. Additionally, the annual premium for doctors and workers in the field is determined based on the type of profession and the level of specialization. This initiative is part of efforts to organize insurance operations in a way that enhances the protection of patients' rights and ensures the financial sustainability of the fund.
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