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Thursday 13 June 2024


Thursday 13 June 2024

The CBUAE issues its 2023 Annual Report

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Renew Registration of Corporate Insurance Agency

A process whereby the registration is renewed for the company of the person approved by the insurance company and authorized to practice insurance business on its behalf or on behalf of one of its branches.​

 

Target Audience:

Agents

 

Office location: Abu Dhabi/ Dubai

Department/Section: Licensing  division

Contact Person: Licensing  division

Phone: 80042823

Fax: 97125572111

Email: [email protected]

1.Electronically submit the application on the system, by user name and password. In the event that the user is new he shall send an email letter requesting a user name and password

2. Complete the service form and upload it along with the documents in the electronic system

3. The completed application is reviewed and approved

4. The technical staff (key employees) shall be interviewed in the Authority’s headquarters

5. Pay the fees through e-services or through a smartphone application. In case the applicant is applying in person: Payment can be made through the electronic screen at the Customer Service Center in the Authority; and in case of a system breakdown: Payment can be made by e-Dirham or credit card at the Authority

6. The customer prints the Registration Certificate

 

Service Fees:

Fee for the registration renewal of an insurance agent company: AED 5,000 per year.

Fine for late renewal: AED 1,000 for each month subject to a maximum of AED 10,000 for each year. A part of a month shall be calculated as full month.

Submission of the application electronically or through a smartphone application

Payment of the service charges

Ensuring that the company profile in the e-services is updated and complete

 

Attachments Required

  1. True copy of the trade license, registration certificate and commercial registration.

  2. A statement showing the name of the manager in charge or managers responsible for the company management and all key employees providing the expertise work.

  3. Renewal endorsement of the liability insurance policy for the liability arising from the profession practice in the amount of one million Dirhams. The policy must be valid until the expiry of the registration.

  4. A statement showing the business practiced under agency for the company during the year according to the form designed for this purpose by the Authority.

  5. True copy of the passport of the manager accredited by the Authority.

  6. Submit a signature authorization for the comment to be attached to the applicationager, if any

Estimated time from the submission of the application until the completion of the service: one day from the submission of the complete application

Total transactional number

Service Name

Renew Registration of Corporate Insurance Agency

Service Category

Insurance Services

Service Type

Companies Business Services

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Last updated on: Thursday 23 February 2023

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