Fsa-Logo3
Fsa-Logo4
Home Page Help Contact Us Site Map FSA Business Portal Email

About FSA

Establishment of the FSA FSA Objectives Strategy Board of Directors
Executive Management The Organizational Structure Vision & Mission Roles and responsibilities
Values

E-Services

Individuals Dissatisfaction of Service Provided By the FSA Appeals Service Vehicle Compensation Value after Total Loss Complaint against company operating in the field of securities Help Fund Vehicle Insurance Rates
Corporation Services Issuance of Internal Auditor Accreditation Application for Adding an Activity Issuing a License for a Company Operating in the Securities Field Renewal of License for a Company Operating in the Securities Field Accreditation of Legal Advisor Securities Companies Branch License New Request
Show All Services

Media Center

Photos Videos News Community Participation Events Publications FAQ Children Stories

Licensed & Accredited

Insurance Companies Insurance Brokers Insurance Agents Re Insurance Companies Health Insurance Third Party Administration Companies Working in the field of Securities Investment Funds Extrenal Auditors (Authorized & Accredited) Internal Auditors Capital Market Institution Legal Advisor Valuation Companies Accounting and Auditing Offices (Authorized)

Open Data

About Open Data The Principles of Open Data Contact us About Open Data

Vacancies (0)

No Available Vacancy!
Follow us on social media platforms Learn more about FSA
  • About FSA
    About FSA
    Establishment of the FSA FSA Objectives Strategy Board of Directors
    Executive Management The Organizational Structure Vision & Mission Roles and responsibilities
    Values
  • E-Services
    E-Services
    Individuals Dissatisfaction of Service Provided By the FSA Appeals Service Vehicle Compensation Value after Total Loss Complaint against company operating in the field of securities Help Fund Vehicle Insurance Rates
    Corporation Services Issuance of Internal Auditor Accreditation Application for Adding an Activity Issuing a License for a Company Operating in the Securities Field Renewal of License for a Company Operating in the Securities Field Accreditation of Legal Advisor Securities Companies Branch License New Request
    Show All Services
  • Media Center
    Media Center
    Photos Videos News Community Participation
    Publications FAQ Children Stories
  • Licensed & Accredited
    Authorized and Accredited Persons
    Insurance Companies Insurance Brokers Insurance Agents Re Insurance Companies Health Insurance Third Party Administration Companies Working in the field of Securities Investment Funds
    Extrenal Auditors (Authorized & Accredited) Internal Auditors Capital Market Institution Legal Advisor Valuation Companies Accounting and Auditing Offices (Authorized)
  • Open Data
    Open Data
    About Open Data The Principles of Open Data Contact us About Open Data
  • Vacancies (0)
Vacancies

No Available Vacancy!


Follow us on social media platforms

Learn more about FSA
Tweeter
Share With
Home >News >Heeding Security and Safety Instructions Mitigates the Impact of Cyclone Tej
Listen
print

Heeding Security and Safety Instructions Mitigates the Impact of Cyclone Tej

23 October 2023

News

-         Heeding Security and Safety Instructions Mitigates the Impact of Cyclone Tej

-         CMA reiterates warning not to risk crossing the Wadis   

-         Intentional crossing of wadis may forfeit the right to compensation

 

With  the direct impact of Cyclone Tej on Dhofar and Al Wusta Governorates and  the accompanying rainfall expected to range between 50 mm - 300 mm and flash floods and rising sea waves, the Capital Market Authority calls on citizens, residents, property owners, and owners of industrial facilities and shops to take  utmost caution and vigilance and adherence to security and safety instructions during the cyclone in order to preserve the safety of lives and  properties and  follow up  the weather developments via the  warning bulletins  issued by the Civil Aviation Authority and the instructions of Royal Oman Police.

 

The CMA said that heeding security and safety instructions will provide protection for citizens and residents from the expected risks during the cyclone and its direct and indirect impact. This will have a significant impact in mitigating the damage to properties and limiting the losses individuals and institutions might incur.

CMA emphasizes that   the Unified  Motor Vehicle Insurance Policy provides, in the comprehensive insurance,  coverage for damages resulting from natural calamities, including storms, cyclones and flowing wadis, however,  it stipulates that the policyholder must take all reasonable precautions to preserve the vehicle, and not to risks crossing wadis and  adhere to the instructions of the ROP, as intentional crossing of wadis and failure to adhere to ROP’s instructions may lead to the policyholder forfeiting the  right to compensation  if it is established  the damage to the vehicle was caused by intentional act committed by its driver.

 

 





Previous    Next   

Archives

  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013

Publications +

  • IPOs
  • Insurance Publications
  • Annual Report
  • Insurance Market Review
  • Awareness

FSA Services +

  • Administrative
  • Insurance
  • Capital Market
  • Inquiries & Complaints
  • Job Vacancies (0)
footer-logo
footer-logo sm-m-auto
info@fsa.gov.om
Country Code : 00968
Phone (Operator) : 24823100
All Rights Reseved -©2025- Financial Services Authority
FSA Sectors
  • Insurance Sector
  • Capital Market
Publications
  • IPOs
  • Insurance Publications
  • Annual Report
  • Insurance Market Review
Useful Links
  • Local Links
  • Arabics Links
  • International Links
  • instagram
  • twitter
  • youtube
Download The App
playStore
playStoreQr
appleStore
appleStoreQr
About Us Privacy Contact Us footer-logo

Choose Color theme

Accessibility Option

Night Mode

Translate This Page

( FSA is not responsible for the translation output by google )

Virtual Tour

We will be happy to know your feedback
Weak
Excellent
This field is required
Thank you for your feedback