Insurance, Banking and Finance Law
Our dedicated team assists you in staying compliant with the KSA Insurance Code and its implementing regulations as you conduct transactions in the Kingdom of Saudi Arabia. We have assisted leading insurance companies with all transactional and regulatory aspects of insurance and reinsurance. We have also counselled foreign insurers, sureties, and intermediaries on establishing and licensing their presence in the Kingdom of Saudi Arabia, as well as meeting solvency requirements and other local regulations.
Our full range of insurance-related services, in particular, includes the following:
- Advising clients on compliance with KSA laws and regulations as they relate to cross-border and onshore insurance activities.
- Assisting insurance companies in establishing a presence in the Kingdom of Saudi Arabia and obtaining the necessary MISA licenses and regulatory approvals to conduct insurance business.
- Reviewing insurance policies and assisting clients with claims recovery.
- Advising on bancassurance transactions.
Banking & Finance Law
TLF provides advice on all aspects of banking, finance, and insurance transactions within and outside the Kingdom of Saudi Arabia.
Whether you are securing financing for a power plant, a renewable energy project, or a major infrastructure and real estate project, or for a mining project, syndicated loans for a prime property development, or procuring insurance for expensive assets, our team offers experienced insights and industry knowledge into counterparty needs to help you protect value and manage risks. We have provided specific assistance and advice to clients in the following situations and transactions:
- The drafting and review of credit facility and security arrangements.
- The registration and recording of security interests in order to create and complete security interest.
- Establishing business presence in the Kingdom of Saudi Arabia, as well as registration of investments, loans, and guarantees with the Local Saudi Financial Institutions.
Laws - Regulations - Rules & Policies
- Implementing Regulation of the Anit Money Laundering Law - Saudi Arabia
- Implementing Regulations of The Cooperative Insurance Companies Control Law - Saudi Arabia
- Insurance Corporate Governance Regulation - Saudi Arabia
- Insurance Corporate Governance Regulations - Saudi Arabia
- Investment Regulation for Insurance Companies - Saudi Arabia
- Online Insurance Activities Regulation - Saudi Arabia