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The Insurance Introducer Agreement is essential for businesses operating in the UAE insurance sector who wish to establish formal referral relationships. This document is specifically designed to comply with UAE Federal Insurance Authority regulations and creates a framework for insurance companies to expand their distribution channels through authorized introducers. The agreement covers crucial aspects such as introducer obligations, commission structures, compliance requirements, and risk management procedures. It's particularly relevant when insurance providers want to leverage external partners for client acquisition while maintaining regulatory compliance. The document ensures alignment with UAE insurance laws, anti-money laundering regulations, and consumer protection requirements, making it suitable for both conventional insurance and Takaful operations.

1. Parties: Identification of the Insurance Company and the Introducer, including full legal names, registration numbers, and registered addresses

2. Background: Context of the agreement, including the Introducer's business, the Insurer's authority to operate, and the purpose of the arrangement

3. Definitions: Key terms used throughout the agreement, including 'Introduced Business', 'Products', 'Services', 'Commission', and regulatory terms

4. Appointment and Scope: Terms of appointment, territorial scope, and nature of the introduction services

5. Regulatory Compliance: Obligations regarding UAE insurance regulations, licensing requirements, and compliance responsibilities

6. Introducer's Obligations: Detailed responsibilities including lead generation, information sharing, and regulatory compliance

7. Insurer's Obligations: Responsibilities of the insurer including training, marketing support, and documentation

8. Commission and Payment: Commission structure, payment terms, clawback provisions, and record-keeping requirements

9. Representations and Warranties: Standard and specific warranties from both parties regarding capacity, authority, and compliance

10. Confidentiality: Protection of confidential information, data protection obligations, and privacy requirements

11. Term and Termination: Duration of agreement, renewal terms, and termination rights and procedures

12. Post-Termination: Obligations and rights after termination, including commission payments and client ownership

13. Liability and Indemnity: Limitation of liability, indemnification obligations, and insurance requirements

14. General Provisions: Standard clauses including notices, assignment, governing law, and dispute resolution