Regulatory Overview for Insurance Brokers
Insurance brokerage in Pakistan is a highly regulated sector governed by the Securities and Exchange Commission of Pakistan (SECP) under the Insurance Ordinance, 2000. Obtaining a license requires strict adherence to capital adequacy, fit and proper criteria, and professional indemnity standards. At Javid Law Associates, we guide you through the intricate licensing landscape to ensure your business remains compliant with SECP guidelines.
Our Scope of Services
We provide end-to-end support, from initial company registration Pakistan to obtaining the final brokerage license. Our process includes document drafting, submission of net worth certificates, and liaison with regulatory authorities to facilitate a seamless approval process.
| Phase | Deliverable |
|---|---|
| Documentation | Drafting MOA/AOA & Fit/Proper forms |
| Submission | SECP Filing & Fee Processing |
| Compliance | FBR/PRA tax integration |
Why Choose Javid Law Associates
With years of experience in corporate matters consultation, our firm understands the nuances of SECP company registration and insurance regulatory compliance. We minimize risks, handle all technical correspondence with the SECP, and ensure your firm meets all statutory obligations from day one.
Next Steps
For professional assistance, contact our Islamabad or Bahawalpur offices. We pride ourselves on transparent communication, ensuring you understand every step of the registration process Pakistan demands.
Service heading
Expert SECP licensing support for insurance brokers to ensure full regulatory compliance and operational readiness.
Estimated duration
90-120 days
Documentation & Requirements
Clear breakdown of client-provided records and deliverables prepared by our advocates
- Certified Copy of Incorporation Certificate
- Evidence of Minimum Paid-up Capital
- Fit and Proper Person Questionnaire for Directors
- Business Plan and Operational Manual
- Professional Indemnity Insurance Cover
- Audited Financial Statements
- Prepared directly by our legal advisory team.
Key features
- Complete SECP Licensing Support
- Fit and Proper Person documentation assistance
- Capital adequacy assessment
- FBR and NTN registration guidance
- Professional Indemnity Insurance advisory
- Liaison with SECP officials
- Corporate governance manual drafting
Editorial & Legal Practice Group
Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.