For the registration of a natural person Insurance Agent in the Register, he must:
Be a UAE national;
Be of a minimum age of 21 years and have full legal capacity;
Be holder of the secondary education certificate and a diploma in insurance from an institute recognized by the IA, as a minimum;
Have practical expertise of no less than two years in practicing insurance business with an insurance company;
Have attended the training courses as determined by a decision of the Director General;
Practice the profession on full-time basis;
Be of good conduct and behavior and has never been sentenced in a crime or offense of moral turpitude, or declared bankrupt, unless rehabilitated;
Not be liable, at discretion of the Board, for a grave breach of any provision of the Law or the Companies Law in the capacity of a director general, chief executive officer, chairman or board member in a company, including responsibility for causing compulsory dissolution or liquidation of the Company;
His registration to practice the business of Insurance Agent, insurance broker, reinsurance broker, actuary, insurance consultant or any profession associated insurance has never been suspended or cancelled due to a disciplinary penalty; and
Successfully pass the examinations at the IA.
For the registration of a corporate person as an Insurance Agent in the Register, such corporate person must satisfy the following conditions:
The paid up capital may not be less than AED 500,000;
The capital must be fully owned by UAE nationals. Banks licensed to operate in the State shall be exempted from this condition. In addition, the Board may exempt any other company from this condition for reason due to the public interest requirements; and
The manager in charge must meet conditions that must be satisfied by a natural person Insurance Agent, excluding what is set forth in Item (a.) of Clause (1) above.