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Thursday 13 June 2024


Thursday 13 June 2024

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Renew Registration of Insurance Broker

A process to renewed in the Insurance Brokers Register. The Broker is the person who independently mediates between the insurance applicant (requestor) in the one hand and any insurance company on the other hand. The broker receives his/its fees in the form of commission from the insurance company

 

Target Audience:

Insurance Brokers

 

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 renewing the insurance broker Register : AED 5,000 per year

Fine fee for late renewal: AED 500 for each month subject to a maximum of AED 5,000 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 and commercial registration
  2. True copies of the passports of the general manager, operations manager, internal controller and specialist professional for each type of insurance and their residence visas, if any, and ID cards

 

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 Insurance Broker

Service Category

Insurance Services

Service Type

Companies Business Services

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Last updated on: Thursday 23 February 2023

Total visitors 696