Book traversal links for مقدمة
Introduction
This Regulation lays down the rules and conditions established by the Central Bank for licensing, regulating and supervising the operations of Insurance Brokers.
The Central Bank aims at ensuring that Insurance Brokers are properly Licensed and supervised, depending on the nature, scale and complexity of their business operations. By introducing this Regulation, the Central Bank requires Insurance Brokers to maintain financial soundness requirements; sound governance practices; the ability to manage risk prudently and actively engage in communication with the Central Bank.
This Regulation is issued pursuant to the powers vested in the Central Bank under Decretal Federal Law No. (14) of 2018 Regarding the Central Bank and Organization of Financial Institutions and Activities, as amended, and Decretal Federal Law No. (48) of 2023 Concerning the Organization of Insurance Operations.