The examples above would apply equally to insurance companies and intermediaries. In particular, the DFSA would expect an insurance broker or other intermediary which uses the word "insurance" in its name to ensure that its name adequately describes its permitted activities by, for example, appending the word "broker" in the name. The use of the word "insurance" by an insurance intermediary without further description could be misleading; consumers might assume that the firm is an insurer which benefits from a strong capital base.

Derived from Notice of Updates (Made 14th July 2015). July 2015 Edition