The following procedures shall be taken to complete the registration process in the Insurance Agents Register:
The applicant shall be notified of accepting the application thereof and required to submit a valid professional indemnity insurance policy from an insurance company licensed to operate in the State in his capacity as an Insurance Agent during the term of registration in the Register. Such insurance policy must be submitted within ten days as of the date of notification. The sum insured in the professional liability indemnity policy shall be AED 2,000,000, provided that the deductible may not be more than AED 100,000;
Upon registration of the Insurance Agent in the Register, the IA shall issue a certificate of registration of an Insurance Agent; and
The term of registration of an Insurance Agent shall be one year, renewable on annual basis.
The Insurance Agent shall practice the business within six months as of the date of registration thereof.