Circular No 48 for registration of insurance brokers


Article (7) Registration Rejection and Appeals



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Article (7)

Registration Rejection and Appeals

  1. In case the registration application is rejected, the applicant shall be advised as so.

  2. The applicant of the registration may appeal before the Board the decision of the Director General rejecting the registration. The appeal shall be referred to the Board along with the Director General’s opinion.

  3. The Board may accept or reject the appeal in light of what seen suitable for the market needs and necessities of the public interest. However, the Board shall not be obliged to give justification for or reasons of its decision in any case.

  4. In case the Board upholds the decision of the Director General rejecting the registration application, the applicant shall have the right to file a new application only after expiry of one calendar year at least as from date of advising the applicant of the rejection decision.

  5. The Board’s decision rejecting the application shall be final.


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