The following terms and expressions shall have the meanings assigned to each of them unless the context indicates otherwise: -

State: The United Arab Emirates

Law: Federal Law No. (6) of 2007 on the Establishment of the Insurance Authority and Organization of its Operations and the amendments thereof.

Executive Regulation: The Executive Regulation of the Law.

Authority: The Insurance Authority.

Board: The Board of Directors of the Insurance Authority.

Director General: The Director General of the Insurance Authority.

Company: The insurance company incorporated in the State, and the foreign insurance company licensed to carry out insurance activities in the State, either through a branch or through Insurance Agent, including Takaful insurance.

Client: The person with whom the Insurance Producer is dealing with in accordance with the provisions of these Instructions.

Insurance Policy: The insurance document (policy) concluded by the insurer and insured containing the terms and conditions of the contract between the two parties, their liabilities and rights or the rights of beneficiary of the insurance and the annexes therein.

Insurance Producer: The natural or corporate person who is licensed by the Authority to practice the profession of marketing insurance policies through ordinary means or electronic means and registered in the Register.

Register: The Insurance Authority's Register of Insurance Producers.

Electronic Systems: Smart electronic services or other systems adopted by the Authority.

Competent Authorities: The government entities concerned with overseeing the works specified in their establishment laws.