Article (1) Definitions
IA-BOD-RES 8/2011 Effective from 28/4/2011- These Instructions are called Instructions Concerning the Regulation of Insurance Agents Business and they shall be referred to hereinafter as "the Instructions"
- The following words and expressions, wherever used in these Instructions shall have the meanings ascribed thereto below, unless the context otherwise requires:
| State/UAE: | United Arab Emirates; |
| Law: | The Federal Law No. 6 of 2007 concerning the Establishment of the Insurance Authority and the Regulation of Insurance Business; |
| Competent Authority: | The local competent authority in the concerned Emirate; |
| IA: | The Insurance Authority established under the provisions of the Federal Law No. 6 of 2007 concerning the Establishment of the Insurance Authority and the Regulation of Insurance Business; |
| Board: | The Insurance Authority Board of Directors; |
| Chairman: | The Chairman of the Insurance Authority Board of Directors; |
| Director General: | The Director General of the Insurance Authority; |
| Company: | An insurance company incorporated in the UAE and a foreign insurance company licensed to practice the insurance business in the UAE either through a branch or an Insurance Agent; |
| Insurance Agent: | The person approved and authorized by the Company to practice the insurance business on behalf thereof; |
| Register: | The register designated by the IA for Insurance Agents licensed to operate in the State. |