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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Rulebook Modules
General Module (GEN) [VER44/07-19]
GEN 2 Financial Services
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Financial Markets Tribunal

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GEN 2.19.1

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The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.

To view past versions of this module in PDF format, please visit the Archive.

(1) In GEN Rule 2.2.2 Insurance IntermediationG means:
(a) advising on a Contract of InsuranceG ;
(b) acting as agent for another PersonG in relation to the buying or selling of a Contract of InsuranceG for that other PersonG ;
(c) making arrangements with a view to another PersonG , whether as principal or agent, buying a Contract of InsuranceG ; or
(d) operating an Insurance Aggregation SiteG .
(2) In (1)(a), 'advising' means giving advice to a PersonG in his capacity as a PolicyholderG , or in his capacity as agent for a PolicyholderG on the merits of his entering into a Contract of InsuranceG whether as principal or agent.
(3) In (2), 'advice' includes a statement, opinion or report:
(a) where the intention is to influence a PersonG , in making a decision, to select a Contract of InsuranceG or insurance cover; or
(b) which could reasonably be regarded as being intended to have such influence.
(4) The arrangements in (1)(c) include arrangements which do not bring about the transaction.
(5) The arrangements in (1)(c) do not include the mere provision of information about:
(a) a Contract of InsuranceG , insurer, insurance intermediary or insurance manager to a PolicyholderG ; or
(b) a PolicyholderG to an insurer, insurance intermediary or insurance manager,
if the PersonG providing that information does not take any further steps to assist in concluding the Contract of InsuranceG .

Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]
[Amended] [VER6/12-05]
[Amended] [VER10/06-06]
[Amended] DFSA RM68/2009 (Made 3rd January 2010). [VER24/01-10]
[Amended] DFSA RM176/2016 (Made 19th June 2016) [VER37/08-16]
[Amended] DFSA RM184/2016 (Made 7th December 2016). [VER38/02-17]