Circular No 48 for registration of insurance brokers



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The Broker’s Duties

The insurance broker while practicing his profession shall do the following:




  1. Adhere in carrying out the insurance brokerage operations to the types and classes of insurance stated in the broker’s registration.

  2. Insert the broker’s name and registration number with the Insurance Authority into all the papers, corresponds and documents.

  3. Not to rely at any time on one insurance company in the broker’s activity in the State.

  4. Respond to the queries of the applicant or the insured in the professional way expected to be of an insurance broker.

  5. Forth comply with rules of fairness and transparency in practicing the profession with the clients, insurance companies and others.



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