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Article 5 Requirements for Registration

IA-BOD-RES 6/2010 Effective from 14/11/2010
  1. To register a UAE national Surveyor and Loss Adjuster, the following conditions must be satisfied:
     
    1. He may not be less than 21 years and must have full legal eligibility;
       
    2. He must be holder of a university degree in a specialization related to insurance business (excluding Surveyors and Loss Adjusters specialized in motor insurance, in which case they are required to hold a diploma certificate in automotive engineering the study period thereof is not less than two years). In addition, he must successfully pass the training courses in surveying and loss adjustment work in insurance. A decision to determine such courses shall be issued by the Director General;
       
    3. He must have practical experience in the area of damage surveying and loss adjustment in insurance of not less than five years (excluding Surveyors and Loss Adjusters specialized in motor insurance, in which case they are required to have experience of not less than three years). Surveyors and Loss Adjusters must also have practiced damage surveying and loss adjustment, independently or with a corporate person licensed to practice surveying and loss adjustment in the UAE;
       
    4. He must be of good conduct and behavior and has never been convicted in a moral turpitude crime;
       
    5. He must not be responsible, at the discretion of the Board, for a gross breach of any provision of the Companies Law in his capacity as a director general or a board member in a company, including the responsibility for causing compulsory liquidation of the company; and
       
    6. He must pass the examination prepared or approved by the IA for this purpose.
       
  2. To register a non-UAE national Surveyor and Loss Adjuster, One the following conditions must be satisfied, in addition to the conditions set forth in Clause 1 above:
     
    1. He have a UAE national sponsor;
       
    2. He must be a partner, manager or officer in charge in a damage surveying and loss adjustment company registered in the Register, or
       
    3. He must be an employee of the Federal Government, a local government in the UAE, a public authority or institution, or an insurance company registered in the Register of Insurance Companies in the UAE.
       
  3. To register an surveying and loss adjustment company, the following conditions must be satisfied:
     
    1. One partner in the company incorporated in the UAE must be holder of a university certificate in a specialization related to insurance business, successfully pass the training courses in expertise of surveying and loss adjustment, and have practical experience in damage surveying and loss adjustment of no less than five years.
       
    2. The company must have a manager in charge meeting the requirements and qualifications set forth in Clauses a. to f. of this Article.
       
    3. All partners, members of the board and managers in the company must meet the conditions of legal capacity and be of good conduct and behavior.
       
    4. The paid up capital of a company incorporated in the UAE may not be less than AED 1,000,000 and the share of UAE nationals therein may not be less than 51%. If the company is incorporated outside the UAE, it must have a UAE National.
       
    5. A company incorporated outside the UAE must be licensed to practice the damage surveying and loss adjustment profession in its country of incorporation.