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Article (8) Documents to Register a Corporate Person as an Insurance Agent

IA-BOD-RES 8/2011 Effective from 7/4/2011

The application for registration of a corporate person as an Insurance Agent shall be submitted to the IA using the form prepared for this purpose by the IA, including the required data and enclosing the following documents:

  1. A true copy of the Memorandum of Association, Articles of Association, and names and shares of the partners of the corporate person;
     
  2. A true copy of the authenticated agency contract signed between the Insurance Agent and the Company;
     
  3. An undertaking to submit a copy of certificate of registration in the Commercial Register issued by the competent authorities;
     
  4. A detailed statement including the qualifications and expertise of the officers of the corporate person in insurance areas and in technical and financial affairs;
     
  5. Academic qualifications and expertise of the manager in charge of the corporate person, provided that they must be dully attested;
     
  6. Payment of the prescribed fees in accordance with the issued regulations and instructions; and
     
  7. Any other documents required by the Director General.