Insurance Indemnity Contract Template for Saudi Arabia

1. Subrogation Rights: Details of the insurer's right to pursue third parties, used when recovery from third parties might be relevant

2. Reinsurance Provisions: Details of reinsurance arrangements, included for large or complex risks

3. Shariah Compliance Declaration: Specific declaration of Shariah compliance, included when explicitly required by parties

4. Takaful Provisions: Specific provisions for Islamic insurance structure, used when operating under Takaful model

5. Currency Provisions: Specifications for handling multiple currencies, included for international contracts

6. Sanctions Clause: Compliance with international sanctions, included for international coverage

7. Force Majeure: Provisions for extraordinary events, included for long-term or complex coverage

1. Schedule of Covered Risks: Detailed listing of all specific risks covered under the policy

2. Schedule of Premium Calculations: Detailed breakdown of premium calculations and payment schedule

3. Schedule of Excluded Events: Comprehensive list of exclusions and limitations

4. Claims Documentation Requirements: List of required documents and procedures for claims

5. Schedule of Insured Assets/Items: Detailed inventory of insured property or assets if applicable

6. Schedule of Sub-limits: Breakdown of coverage limits for different types of claims

7. Shariah Compliance Certificates: Relevant Shariah compliance certifications and approvals

8. Contact Details Appendix: Comprehensive contact information for all relevant parties