The application of a license to practice the activities of the Insurance Brokerage shall be submitted to the IA according to the designated form enclosing information, data and documents supporting the application for license, particularly:
 

1. The legal form of the applicant, along with a report stating the names of the partners, members of the board of directors or management board and the executive management.
    
2. An acknowledgment that the partners and the Director General or Chief Executive Officer have never been declared bankrupt, as well as providing certificates of good conduct confirming that none of them has been sentenced for a freedom restricting punishment.
    
3. A statement showing any legal or judicial obligations or liabilities related to the applicant.
    
4. A statement showing the technical systems used and the work procedures proposed for practicing the activity of Insurance Brokerage.
    
5. Types and classes of the insurance business applied for.
    
6. Training and Emiratization plan for AUE nationals.
    
7. In addition to the above, a branch of a foreign company, or a branch of a company incorporated in a financial free zone shall submit the following:
    
   1. An official certificate issued by the competent authority showing the company’s
      incorporation, registration and licensing to practice the activity of Insurance
      Brokerage in the types and classes of insurance to be practiced in the UAE.
       
   2. A copy of the financial statements for the last two years audited, approved and
      prepared in the UAE Dirhams.
       
   3. A true copy of the board of directors' or management board’s decision approving
      the opening of a branch in the UAE.
       
8. An undertaking to satisfy all license conditions required in case of approving the application for license within the period determined by the IA; otherwise the approval shall be null and void; as well as undertaking not to start practicing the activity before the IA ensures that the applicant has satisfied all license conditions and IA’s approval in this regard is issued.
    
9. Any other documents and data required by the IA.