"Parliament Debates Insurance on Building Collapses – Government to Set an 'Approximate Collapse Date'"
English Translation for International Publication --- Full English Translation After the Eid al‑Adha holiday, the House of Representatives will discuss the new Unified Construction Law, which addresses the phenomenon of residential buildings collapsing on their occupants. One of the most significant new provisions is the formation of government engineering committees to determine an approximate date for the building's collapse. Based on this date, monthly premiums will be collected from property owners as insurance on the building in the event of its collapse, as well as from residents as life insurance for themselves and their families, to be paid out to their heirs after the building collapses. Mr. Atris Abu Al‑Dahab, the Majority Leader in the House of Representatives, stated that there is disagreement among members regarding the valuation of insurance premiums for rental units subject to the old rent law. These buildings are old, the rented apartments are dilapidated, and both...