Circular No 48 of 2012
To the General Managers of the insurance companies operating in the State & the insurance brokers operating in UAE insurance market
Dear Sir,
Subject: Draft Regulation No ….of 2012 on Registration of the insurance brokers and organization of their operations
The Insurance Authority presents its compliments to you wishing you all success to serve UAE insurance market and has the pleasure to send herewith a copy of the captioned draft along with an explanatory note on the new provisions stated in the draft.
As you may notice upon reviewing the draft, the new provisions have been introduced into the field of insurance brokerage aimed to protect interests of all the parties i.e., the insured, the insurance companies and the insurance brokers.
Given the importance of the subject matter, we hope that all the insurance companies and brokers will consider attentively the contents of the draft and present their suggestions and comments on such respect.
The Insurance Authority hopes to receive your point of view in the draft within 60 days as from date.
Hoping that the matter will be given due importance.
Sincerely yours,
Fatima Ishaq Al Awadi
Deputy Director General
Insurance Authority
Enclosed:
Draft Regulation and explanatory note
C.C.; Office of the Assigned Director General
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