Regulatory Framework for Insurance Brokers
Insurance brokerage in Pakistan is a highly regulated sector under the Insurance Ordinance, 2000. Javid Law Associates provides comprehensive corporate legal services Pakistan to assist firms in navigating the strict licensing criteria set by the Securities and Exchange Commission of Pakistan (SECP). From initial application filing to final license issuance, our team ensures your entity meets all capital, professional indemnity, and operational standards.
Why Choose Javid Law Associates
Since 2004, our firm has been a trusted partner for corporate matters. We specialize in complex licensing, distinguishing us from basic registration providers. Whether you are aiming for SECP company registration or need specialized sector-specific licensing, we offer a hassle-free experience with a focus on compliance and risk mitigation.
| Phase | Activity |
|---|---|
| Initial | Company formation and NTN/ST registration |
| Regulatory | SECP licensing application and document audit |
| Compliance | AML/CFT implementation and reporting protocols |
Essential Compliance
- Minimum paid-up capital requirement fulfillment.
- Professional Indemnity Insurance cover procurement.
- Submission of detailed business plans and feasibility studies.
- Appointment of qualified and fit-and-proper key management personnel.
- Compliance with FBR and relevant PRA registration Pakistan standards.
Our consultants provide end-to-end support, ensuring your business stays audit-ready while aligning with international standards. We handle all documentation for the SECP and facilitate the necessary clearances required to operate as an insurance intermediary.
Service heading
Expert guidance for securing SECP insurance broker licenses and ensuring long-term regulatory compliance in Pakistan.
Estimated duration
45-60 days
Price
Rs. 50,000
Requirements
- Certificate of Incorporation (Private Limited Company)
- Memorandum and Articles of Association
- Proof of minimum paid-up capital
- Fit and Proper criteria documents for directors
- Business plan and operational feasibility report
- Professional Indemnity Insurance policy
Key features
- Comprehensive SECP Insurance Broker Licensing support
- Assistance with minimum paid-up capital documentation
- Professional Indemnity Insurance advisory
- AML/CFT framework implementation
- Preparation of fit-and-proper criteria dossiers
- Ongoing tax and corporate compliance support
About the Author
Written by the expert legal team at Javid Law Associates. Our team specializes in corporate law, tax compliance, and business registration services across Pakistan.