GEN 2.19.1 Guidance

Past version: effective from 01/08/2016 - 31/01/2017
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1. Insurance Intermediation activities may be carried on by an Insurance Agent (i.e. a Person who acts as an agent of one or more insurers) or an Insurance Broker (i.e. a Person who acts as an agent of a policyholder), or by an Insurer itself, in relation to its own Contracts of Insurance. Generally, most activities of an Insurance Agent can be carried on by an Insurance Manager that has the authority to underwrite Contracts of Insurance in the DIFC.
2. For more information about Insurance Aggregation Sites, see Guidance items 2 to 4 under GEN Rule 2.11.1.
3. In regard to arrangements under GEN Rule 2.19.1(5), pursuant to GEN Rule 2.2.10, an Authorised Firm (other than a Representative Office) may carry on an activity of the kind described in GEN Rule 2.26.1 that constitutes marketing without the need for any additional authorisation to do so.
[Added] [VER10/06-06]
[Amended] DFSA RM66/2009 (Made 1st August 2009). [VER23/08-09]
[Amended] DFSA RM68/2009 (Made 3rd January 2010). [VER24/01-10]
Amended in accordance with Notice of Amendments to Legislation April 2011 [VER27/02-11]
[Amended] DFSA RM176/2016 (Made 19th June 2016) [VER37/08-16]