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Article 1 Definitions

IA-BOD-RES 6/2010 Effective from 31/1/2011
  1. These Regulations are named as "The Surveyors and Loss Adjuster’s Regulations" and they shall be referred to hereinafter as "the Regulations".
     

  2. The following words and expressions, wherever used in these Regulations, shall have the meanings ascribed thereto below, unless the context otherwise requires:

    UAEThe United Arab Emirates
    LawThe Federal Law No. 6 of 2007 concerning the Establishment of the Insurance Authority and the Regulation of Insurance Business;
    Competent AuthorityA competent governmental authority in an Emirate;
    IAThe Insurance Authority established under the provisions of Federal Law No. 6 of 2007 concerning the Establishment of the Insurance Authority and the Regulation of Insurance Business;
    BoardThe Board of Directors of the Insurance Authority;
    ChairmanThe Chairman of the Board of Directors of the Insurance Authority;
    Director GeneralThe Director General of the Insurance Authority;
    CompanyAn insurance company incorporated and licensed to practice insurance activities in the UAE, or a foreign insurance company licensed to practice insurance activities in the UAE, whether through a branch or an insurance agent.
    Surveyor and AdjusterA natural or juridical person specialized in surveying and loss adjustment of damage incurred by the insured interest, who prepares a report on the settlement thereof.
    RegisterA register designed for the registration of Surveyors and loss Adjusters with the IA.
    RegistrationRegistering in the Register