Federal Decree-Law No. (6) of 2025chapter by chapter

Article 78(3)Article 78: Types of Insurance

Insurance Companies must limit their business purpose to insurance business and may not engage in any other commercial activity unless the Central Bank approves it.

Article 80(1),(3)Article 80: Prohibition to Combine Insurance Operations

Insurance Companies may not combine persons/funds-accumulation insurance with property and liability insurance; pre-existing dual licensees must keep the lines fully separated and report on consolidated and split bases.

Article 81: Prohibitions on Authorized Individuals

Insurance company chairmen, board members and authorised individuals are barred from managing competing insurers, acting against the company, practising as agents or brokers, or taking commissions.

Article 82(2)-(4)Article 82: Insurance with a Company Outside the State or in a Financial Free Zone

Insurance companies may reinsure only with reinsurers in or outside the State or in a Financial Free Zone, and insuring State risks abroad is restricted unless local cover is unavailable or the Central Bank approves.

Article 83(1)-(3)Article 83: Insurance Policy

Insurers must give the Central Bank policy forms, annexes, premium rates and redemption-value schedules, amend forms when required, and notify policyholders of amendments.

Article 83(4)Article 83: Insurance Policy

The Insurance Company must pay policy compensation to the Insured or Beneficiary once the insured incident occurs, then subrogates against the party causing damage.

Article 84(2)Article 84: Resignation of Authorized Individuals and Vacancy of their Positions

Insurance companies must notify the Central Bank when a board member or authorized individual position becomes vacant and fill it within 30 days with Central Bank approval.

Article 85: Publication of the Call to the General Assembly Meeting

Insurance Companies must obtain Central Bank approval before publishing general assembly invitations or adding agenda items, and invite the Central Bank at least 15 days before meetings.

Article 86: Technical Provisions and Solvency Margin Requirements

Insurance companies must comply with technical provisions and solvency margin requirements, and maintain any reserves the Central Bank requires to be held in the UAE, per Board directions.

Article 87: Appointment of Actuary

An insurance company must appoint or approve an actuary within one month of its licence being granted and notify the Central Bank within one month of that appointment or approval.

Article 89: Insurance of Vehicles

Insurance companies must issue an insurance policy for any State-licensed motor vehicle when requested, at rates the Board of Directors may set according to risk severity.

Article 90(1)-(2)Article 90: Provision of Data and Information

Insurers and insurance-related professions must supply data the Central Bank requests, including on subsidiaries, on time, and cooperate with Central Bank verification or audit visits.

Article 90(3)Article 90: Provision of Data and Information

Insurance companies and insurance-related professions must fully cooperate with experts, actuaries or auditors assigned by the Central Bank and pay their remuneration as the Central Bank determines.

Article 91: Disclosure and Transparency

Insurance companies and insurance-related professions must follow board-regulated disclosure and transparency principles in dealings with insureds, beneficiaries, and all their issued policies and marketing materials.

Article 92(1),(4)Article 92: Guarantee Deposits with the Central Bank

Insurance and reinsurance companies must maintain a cash guarantee deposit with the Central Bank at the value set by the Board, and replenish it within 30 days of a Central Bank request if it falls below the prescribed limit.

Article 93: Mathematical Reserve

Insurers offering persons/funds-accumulation insurance must hold in the UAE funds at least equal to their full mathematical reserve, segregated from other insurance funds.

Article 94: Reinsurance Controls

Insurance Companies must not reinsure with another Insurance Company unless the reinsurer is licensed to carry on the insurance type being reinsured.

Article 95(1)Article 95: Bank Guarantee of Foreign Insurance Companies’ Branches

Foreign insurer branches doing (re)insurance business must provide an unconditional, irrevocable bank guarantee to the Central Bank in an amount set by the Board of Directors.

Article 96: Prohibition of Insurance Policies Differentiation

Insurance companies cannot differentiate between similar insurance policies except under specific conditions authorized by the Central Bank.

Article 97: Assessment of Value of Liabilities

Insurance companies must have their actuary assess insurance liabilities value at least quarterly, or more often as Central Bank determines, and submit it to the Central Bank.

Article 98: Actuary Report

Insurance companies must submit their actuary's annual report to the Central Bank within three months of financial year end; the Central Bank may grant a 45-day extension.

Article 99: Distributable Funds and Dividends

Insurance companies must not distribute dividends or profits to shareholders unless Central Bank requirements on technical provisions, solvency margin and other financial adequacy conditions are met.

Article 101: Transfer of Insurance Policies to Another Insurance Company

Insurance companies must obtain Central Bank approval before transferring all or part of their insurance policy portfolio to another insurance company.

Article 102: Insurance Transfer Application

An insurance company seeking to transfer its insurance policies portfolio must apply under Central Bank conditions and procedures, publishing the transfer for public objection before the Central Bank decides.

Article 103: Funds Free-up in case of Ceasing Insurance Business

Central Bank may release funds of an insurer ceasing one insurance type only after obligations to insureds and beneficiaries are met or provided for.

Article 104: Takaful Insurance Business

A Takaful insurance company must conduct its insurance business in compliance with Shari'ah provisions, under its Internal Shari'ah Supervision Committee, consistent with Higher Shari'ah Authority resolutions and fatwas.

Article 105: Takaful Insurance Fund

A Takaful insurance company must establish a Takaful Insurance Fund with separate legal personality and financial liability from shareholders' funds, and register it with the Central Bank.

Article 106: Emirates Insurance Federation

All insurance companies, reinsurance companies and insurance-related professions licensed under the decree-law must become members of the Emirates Insurance Federation.