A local company intending to register in the register shall submit the following documents:
True copy of its article and memorandum of association and its registration in the trade register.
True copy of UAE nationals’ registration card or passport.
List of the partners’ names, each one of them shares and documents establishing their legal capacity, nationalities and previous experience.
Statement of the types of insurance operations the company is intending to practice therein brokerage activities.
An undertaking that the manager in charge is a full time manager to carry out insurance brokerage operations.
The required professional liability insurance policy and bank guarantee.
True copy of the bank agreement concluded by the broker and one of the banks operating in the State therewith the broker opened an account especially for insurance brokerage operations.
Any other documents required by the Insurance Authority needed to register the broker.
A foreign company intending to open a branch to practice insurance brokerage in the State shall submit the following documents:
An official certificate from the concerned authority in its country of registration affirming that the company is incorporated and registered in that country and is licensed to practice the insurance brokerage profession in the types and classes of insurance it intending to carry out in the State.
Practiced insurance brokerage professions in its country for no less than five years.
List of the partners’ names and their nationalities.
Copy of two of the most recent statements of accounts approved and authenticated by the concerned authorities of the country of the company.
True copy of the company’s board of director’s resolution to open a branch in the State.
The documents stated in d, e, f, g, h of paragraph 1 of Article (5) herein.
