Skip to main content
  • Application for licensing and Registration

    • Article (7)

      The application for licensing and registration in the Register shall be submitted to the Authority according to Electronic Means made for this purpose or other means adopted by the Authority, including the required data and accompanied by the following supporting documents:
      1. For the (Natural Person) or sole proprietorship Insurance Consultant:
      A. Name, nationality and address of the applicant and place of residence.
      B. Copy of Emirati identification card or passport.
      C. The type and branches of insurance or reinsurance related to the intended insurance consultancy practice.
      D. Copy of the Equivalency of educational qualifications issued by the competent authority in the State.
      E. Attested copy of the certificates of experience and a copy of the training courses attended.
      F. Declaration that there are no disciplinary actions taken against him by the regulatory authorities of the markets in which he had worked.
      G. Any other documents, data or papers requested by the Authority.

      2. In the event that the applicant is a (Corporate Person) incorporated in the State, he shall provide, in addition to the documents required in section (1) of this article, the following:
      A. Certified true copy of the Memorandum of Incorporation and Articles of Association.
      B. Certified true copy of the company registration in the Trade Register.
      C. Names, nationalities, qualifications and experience of the members of the Board of Directors or the Board of Managers.
      3. In case the applicant is a foreign (Corporate Person), an attested certificate must be submitted for the corporate person's license issued by the official competent authority in the country of registration and any other data or documents required by the authority.

    • Article (8)

      1. The Director General shall make a decision on the application for licensing and registration within thirty days of completion of the information and documents and after the applicant pass the required assessment.
      2. In the case of acceptance of the application, the applicant shall be informed of such, through the electronic means designated for that purpose, or through other means adopted by the Authority, where he must do the following:
      A. Start the registration procedures with the competent authority in the respective Emirate, provided that registration is not made until after the issuance of the registration certificate.
      B. Provide a Professional Indemnity insurance policy in accordance with the provisions of Article (10) of this Regulation.
      3. After completion of the procedures stipulated in section (2) of this article, the applicant shall be registered in the Register and issued a certificate mentioning the registration number and date, indicating the name and address.
      4. In the event that the applicant fails to pass the assessment stipulated in Article (5) of this Regulation, he shall be informed of this and he may reapply to the assessment after six months of his notification about not passing the assessment; provided that he has participated in insurance courses for at least two months .If he does not apply for the re­assessment within one year from the date of notification of his failure to pass the assessment, his application shall be considered canceled.
      5. The concerned person whose application has been rejected may appeal to the Board of Directors within 20 days of his notification about the rejection and the Board's decision shall be final.