This Resolution by the ZATCA Board of Directors amends Article 29 of the Implementing Regulations of the Value Added Tax Law, specifically revising paragraph (6). The amendment clarifies that the supply or transfer of a life insurance or reinsurance contract is an exempt financial service. Critically, this exemption applies even when consideration for the service is paid via an explicit fee, commission, or commercial discount, establishing an exception to the general rule in paragraph (1) for other financial services. The Resolution also introduces a precise definition for 'life insurance contract' to ensure consistent application.