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Ensuring Your Insurance Broker’s License Status
The article discusses the importance of verifying the licensing of insurance brokers and agents in Saudi Arabia after the cancellation of licenses for 26 various insurance companies, to ensure dealing with officially authorized entities. It outlines essential steps, such as visiting the Insurance Authority’s website, searching for the company name and license number, and confirming the type of activity and expiration date, while also distinguishing between an agent and a broker. The article emphasizes the importance of reviewing official decisions regarding the suspension or termination of companies. Instead, it recommends keeping the policy number and communicating directly with the insurance company when necessary, and submitting complaints in case of disputes. The goal is to protect customers' rights and avoid dealing with unlicensed or unqualified companies.
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