For the Insurance Authority to accredit the incumbent of one of the following positions with the insurance broker, it is required that he must meet the conditions set forth against each position as follows:

I. The following qualifications and experience must be met:

1. Director General or CEO:
    
   1. Hold a university degree or equivalent, or the ACII certificate accredited by the Chartered Insurance Institute of London, or a certificate accredited by a similar professional institute.
       
   2. Have successfully passed (3) training courses in insurance or insurance brokerage.
       
   3. Have a minimum practical experience of 10 years in insurance/ insurance brokerage, and no less than 5 years if he holds a higher academic qualification. The experience requirement for a UAE national shall be a minimum of 5 years’ experience and 2 years’ experience if he holds a higher academic qualification.
       
2. Operations Manager
    
   1. Hold a university degree or equivalent in financial sciences, accounting, management sciences, banking or law, as a minimum.
       
   2. Have a minimum practical experience of 6 years in insurance/ insurance brokerage, and no less than 3 years if he holds a higher academic qualification. The experience requirement for a UAE national shall be a minimum of 2 years’ experience, and 2 one year experience if he holds a higher academic qualification.
       
3. Internal Controller
    
   1. Hold a university degree or equivalent in a financial, accounting or law field as a minimum, or an accredited professional financial certificate approved by the Insurance Authority.
       
   2. Have practical experience in internal or external audit, and had previously taken part in the audit of insurance companies or brokerage business in no less than 3 years, or 2 years if he holds a higher educational qualification or if he is a UAE national.
       
4. Professional Employees
   
   The broker must have at least one specialized professional for each licensed insurance type / class. Each such professional must meet the following requirements:
    
   1. Hold an accredited university degree.
       
   2. Have a minimum practical experience of 5 years in the field of the licensed type or class of insurance/insurance brokerage. The experience requirement for a UAE national shall be a minimum of 3 years’ experience in the said fields.
      
       
5. Branch Officer
    
   1. Hold a university degree or equivalent, or the ACII certificate accredited by the Chartered Insurance Institute of London, or a certificate accredited by a similar professional institute.
       
   2. Have a minimum practical experience of 7 years in insurance/ insurance brokerage, and no less than 3 years if he holds a higher academic qualification. The experience requirement for a UAE national shall be a minimum of 4 years’ experience or 2 years’ experience if he holds a higher academic qualification.

1. II. Academic degrees must be accredited as equivalents by UAE Ministry of Higher Education and Scientific Research.
    
2. III. Candidates must pass the examinations prescribed by the Insurance Authority.
    
3. IV. No candidate should have been dismissed from any entity for disciplinary reasons.
    
4. V. Each candidate must be practice the profession on full time basis.
    
5. VI. The accreditation application must be submitted on the form prepared for this purpose and must enclose all documents, data and information supporting the application. Any other documents, data or requirements requested by the Insurance Authority must be provided.
    
6. VII. Restrictions on practicing the approved functions:
    
   1. It is impermissible to start practicing any functions described above prior to the accreditation by the Insurance Authority.
       
   2. It is impermissible to combine two approved jobs at the same time.
       
   3. The internal controller may perform the duties of internal auditor for the company in addition to his prescribed duties after obtaining the Insurance Authority’s approval.