Circular No 48 for registration of insurance brokers



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Insurance brokerage

operations

They include brokering in operations of insurance of persons, fund accumulation operations and property and liability insurance ( and the similar takaul insurance operations)


Register:

The register of the insurance brokers maintained by the Insurance Authority.



Article (2)

Scope of applicability

  1. The provisions of the Regulation herein shall apply to all insurance brokers operating in the State or to all those intending to work inside the State to practice the insurance brokerage profession.

  2. It is impermissible to practice the insurance brokerage profession only upon registering in the register according to the provisions of the regulation herein.

  3. It is impermissible for a company to accept insurance operations of risks existing inside the State through an insurance broker unregistered in the register.


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