The insurance broker may file an application to open a branch or branches inside the State should the broker meets the following requisites:
Two years at least have already passed as from date of registration during which the broker actually practiced the profession and that no disciplinary penalty has been imposed on the broker.
Obtained the approval of the pertinent authority of the concerned Emirate.
The amount of premiums attained by the broker in the last fiscal year shall not be less than AED one million.
The new branch shall operate under the direct supervision of the manager in charge of the broker’s main office and that the person in charge of the branch shall meet the requisites destined for the manager in charge of a brokerage company.
The insurance broker shall file an application to the Insurance Authority on the form prepared for the purpose along with the required documents.
The Director General shall make a decision either accepting or rejecting the application. However, his decision rejecting the application shall be final.
