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  • Conditions for Licensing and Registration

    • Article (3)

      1. To obtain the initial approval to open a Point of Sale of the insurance company, it is required to submit documents, data and information according to the form designated for this purpose, including the following:
         
        • Copy of the Company's decision to open the Point of Sale.
        • Identify the lines of insurance through which the Point of Sale will operate and the tasks that will be assigned to it.
        • The proposed address for the Point of Sale and in case it is decided that it will be located within the offices of other entities, a non-objection letter from this entity should be submitted.
        • The Point of Sale action plan.
        • A detailed statement that includes the qualifications and experience of the candidate to occupy the position of the official employee of the Point of Sale including his academic certificates, practical experience and training courses in which he participated.
        • Any additional documents, data or other documentation required by the Authority.
           
      2. In order to obtain the final approval to open a Point of Sale, it is required for the company to submit an application for licensing and registration of the Point of Sale in the Register by completing the documents, data and information according to the form designated for that, accompanied by the following documents and data:
         
        • A copy of the lease agreement concerning the Point of Sale and the agreement between the Company and the entity in which the Point of Sale will be within its offices.
        • Copy of the decision appointing the Official employee responsible for the work operations of the Point of Sale.
        • Providing an information network linked to the company's automated system.
        • Availability of electronic devices required to perform the work.
        • The existence of a system for keeping records, insurance policies and documents.
        • Any documents or other data determined by the Authority.