United Arab Emirates
Insurance Authority
The Board of Directors
Regulation No….of 2012
on
Registration of the Insurance Brokers
and
Organization of their Operations
March 2012
Arrangement of articles
|
Details
|
Article No.
|
Terms & Definitions
|
1
|
Scope of Applicability
|
2
|
Key Rules of Registration
|
3
|
Registration Requisites
|
4
|
Registration Documents
|
5
|
Registration Procedures
|
6
|
Registration Rejection and Appeals
|
7
|
The Broker’s Financial guarantees
|
8
|
Renewal of Registration
|
9
|
Changing particulars and information
|
10
|
Opening Insurance Brokerage Branch in the State
|
11
|
The Broker’s Duties
|
12
|
Rules Governing the Relation between the Insurance Company and the Insurance Broker
|
13
|
Rules Governing the Relation between the Broker and the Client
|
14
|
The Financial Relations of the Insurance company, the Broker and the Client
|
15
|
The Insurance Broker’s Accounts
|
16
|
The Insurance Broker’s Records
|
17
|
Providing the Insurance Authority with Information and Examining the Insurance Broker’s Books and Records
|
18
|
Discontinuing Practicing the Profession
|
19
|
Disciplinary Penalties
|
20
|
Suspension from Practicing the Profession
|
21
|
Writing off the Registration
|
22
|
Dispute Settlement
|
23
|
Final Provisions
|
24
|
Publication in the Official Gazette
|
25
|
Insurance Authority
The Board of Directors
Regulation No….of 2012 on Registration of the Insurance Brokers and Organization of their Operations
The Minister of Economy, Chairman of the Insurance Authority’s Board of Directors
Having considered the Federal Law No.1 of 1972 on the Ministries' responsibilities and the Ministers' authorities and the amending laws,
The Federal Law No.6 of 2007 on Establishment of the Insurance Authority and Organization of the Insurance Operations,
The Executive Regulation of the Federal Law No.6 of 2007 on Establishment of the Insurance Authority and Organization of the Insurance Operations,
The Ministerial Decree No. 543 of 2006 on Organization of Practicing the insurance brokerage profession,
And on basis of the Insurance Authority Director General’s presentation, and the Insurance Authority Board of Directors’ approval,
Dostları ilə paylaş: |
