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How to become Insurans Islam TAIB’s Wakil?

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What are the requirements?

  • Must be a registered agent with the Brunei Insurance and Takaful Association (BITA)
  • Obtained a Pre-contract Examination for Insurance Agents (PCEIA) from the Malaysian Insurance Institute.
  • 5 years in insurance business and has obtained the Basic Certificate in General Insurance from Malaysian Insurance Institute.

What documents to submit?

For sole proprietor firm

  • Application Form
  • Certified copy of Certificate of Registration section 16
  • Certified copy of Certificate of Registration Section 17
  • Copy of identification document of the proprietor and the manager (s)
  • A copy of Financial Statements

For private limited company

  • Application Form
  • Certified copy of Certificate of Incorporation
  • Certified copy of Form X
  • Copy of identification of the directors
  • Copy of Annual Returns
  • Copy of Financial Statements

What else do we need?

  • Open corporate account with TAIB
  • Security Deposit of B$10,000.00 with Insurans Islam TAIB
  • Duly signed Agency Agreement
  • Lists of authorised signatories with their identification document

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