Professional Indemnity Insurance Policy
Article (10)
1. The (Natural Person) or sole proprietorship Insurance Consultant whose application was accepted must submit to the Authority a professional indemnity insurance policy with a sum insured of (1.5) million dirhams; provided that the amount of the deductible does not exceed (30,000) dirhams and the insurance policy shall be in the name of the I n s u r a n c e Consultant.
2. The (Corporate Person) Insurance Consultant must submit to the Authority a professional indemnity insurance policy with a sum insured of (3) million dirhams; provided that the amount of the deductible does not exceed (30,000) dirhams and the insurance policy shall be in the name of the C o r p o r a t e P e r s o n I n s u r a n c e Consultant.
3. Consultants employed by the (Corporate Person) Insurance Consultant registered in the Register shall be excluded from the provisions of the aforementioned section (1).Article (11)
1. Whoever registers his name in the Register shall be bound to write down his registration number on all correspondence, certificates and reports issued by him.
2. The correspondence, certificates and reports issued by the (Corporate Person ) Insurance Consultant must be signed by one of the individual Consultants from the persons whose names are registered in the Register.