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Article 6

IA-BOD-RES 15/2013 Effective from 29/11/2013
  1. An Insurance Broker must continuously have the technical staff required to practice the
    licensed activity and must at least appoint employees to assuming the following jobs:
     
    1. General Manager or Chief Executive Officer.
       
    2. Operations Manager.
       
    3. Internal Auditor, (natural or corporate person).
       
    4. At least one specialized employee for each licensed insurance type or class.
       
  2. The shall hold a decision to determine the qualifications, experience, duties and restrictions for each one of the jobs listed in clause (1) of this article.
     
  3. No one may combine two jobs of the jobs approved by the IA at the same time.