Okaz sources revealed that the proposed amendment to the Social Insurance Law included adding a new paragraph in Article 62 of the Social Insurance Law. The new paragraph states that “the institution may settle with the violator for exemption from all or some of the fines stipulated under this article.”
According to the sources, this amendment aims to delegate authority to the General Organization for Social Insurance to settle with violating clients. In accordance with the provisions of Article 62 of the Social Insurance Law, and in accordance with the controls set by the Board of Directors of the Corporation to implement the authority to exempt fines for imposed violations.
Attorney Saad Al-Bahouth said, “The social insurance system deals with the labor and social care sector.” He explained that the proposed amendment would exempt the violator from all or part of the fine in the event of closure or liquidation of the activity of the facility.
The researchers added: “There are legal controls in fines in the event that the establishment is ruled bankrupt, or the establishment is subject to judicial liquidation, and the controls and requirements are determined according to the regulations.”
He pointed out that the amendment to the system after completing its study in the Shura Council is submitted to the position of the Council of Ministers for approval and approval.
