Book traversal links for Article (7)
Article (7)
IA-BOD-RES 12/2018 Effective from 20/5/2018The application for licensing and registration in the Register shall be submitted to the Authority according to Electronic Means made for this purpose or other means adopted by the Authority, including the required data and accompanied by the following supporting documents:
1. For the (Natural Person) or sole proprietorship Insurance Consultant:
A. Name, nationality and address of the applicant and place of residence.
B. Copy of Emirati identification card or passport.
C. The type and branches of insurance or reinsurance related to the intended insurance consultancy practice.
D. Copy of the Equivalency of educational qualifications issued by the competent authority in the State.
E. Attested copy of the certificates of experience and a copy of the training courses attended.
F. Declaration that there are no disciplinary actions taken against him by the regulatory authorities of the markets in which he had worked.
G. Any other documents, data or papers requested by the Authority.
2. In the event that the applicant is a (Corporate Person) incorporated in the State, he shall provide, in addition to the documents required in section (1) of this article, the following:
A. Certified true copy of the Memorandum of Incorporation and Articles of Association.
B. Certified true copy of the company registration in the Trade Register.
C. Names, nationalities, qualifications and experience of the members of the Board of Directors or the Board of Managers.
3. In case the applicant is a foreign (Corporate Person), an attested certificate must be submitted for the corporate person's license issued by the official competent authority in the country of registration and any other data or documents required by the authority.