Circular No. 1/2024
Date: 1/4/2024
To: All Insurance Brokers, All Insurance Companies
Subject: Insurance Brokers' Regulation
The Board of Directors,
- Having perused Federal Decree-Law No. 14 of 2018 Regarding the Central Bank and Organization of Financial Institutions and Activities, as amended;
- Federal Decree-Law No. 48 of 2023 Concerning the Organization of Insurance Operations;
- Federal Decree-Law No. 32 of 2021 Concerning Commercial Companies;
- Federal Law No. 8 of 2004 on the Financial Free Zones;
- Cabinet Decision No. 23 of 2009 Concerning the Fees for Supervision, Control and Insurance Transactions;
- Cabinet Decision No. 7 of 2019 Concerning the Administrative Fines Imposed by the Insurance Authority;
- Insurance Authority Board of Directors Decision No. 15 of 2013 Concerning the Insurance Brokerage Regulation, as amended;
- Insurance Authority Director General Decision No. 58 of 2013 Concerning the Implementation of the Insurance Authority Board of Directors Decision No. 15 of 2013 Concerning the Insurance Brokerage Regulation;
- Insurance Authority Board of Directors Decision No. 3 of 2010 Instru...