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Insurance & Takaful Agent

Insurance Order (2006) and Takaful Order (2008), regulates the insurance and takaful agents in Brunei Darussalam. The Orders defines insurance and takaful agent as person who does all or any of the following:

  • solicits or obtains a proposal for insurance/takaful on behalf of an insurer/takaful operator;

  • offers or assumes to act on behalf of an insurer/takaful operator in negotiating a policy/certificate;

  • does any act on behalf of an insurer/takaful operator in relation to the issuance, renewal or continuance of a policy/certificate.

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Before acting as an insurance and takaful agent, the person must be registered with Brunei Darussalam Central Bank (BDCB) where application can be submitted through insurance companies/takaful operators ("Principal") followed by endorsement from BITA.

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Types of Insurance and Takaful Agent:

  1. Life Insurance / Family Takaful Agent (can represent only ONE Principal)

    • Individual Agent​

    • Corporate Agent

  2. General Insurance/Takaful Agent (may represent up to 3 Principals)

    • Individual Agent​ (must be a sole-proprietor)

    • Corporate Agent

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Insurance and Takaful Agent are advised to observed Notices and Guidelines issued by BDCB as well as relevant best practices standard from the industry. Example of Notices/Guidelines/Handbook are:​

  1. Life Agent Registration Handbook​

  2. General Agent Registration Handbook

  3. Continuous Professional Development (CPD) Handbook for Insurance and Takaful Agent

CPD for Insurance and Takaful Agent

Effective 1st January 2024, Insurance and Takaful Agent are mandated to fulfil minimum Continuous Professional Development (CPD) activities as one of the conditions for agent license renewal. These CPD requirement are mandated during their 2nd year license renewal onwards. The minimum CPD requirement are:

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  • For single license holder (i.e., General Agent License holder OR Life Agent License Holder) – 15 CPD Points

  • For composite agent (i.e., General Agent License Holder AND Life Agent License Holder) – 20 CPD Points.

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Insurance and takaful agent are encouraged to accredit the CPD activities/programs from BILIF before participation. Additionally, Agents may refer to their respective Principal for in-house activities.

List of Accredited Progammes/Activities

Frequently Asked Questions on CPD for Insurance and Takaful Agent

Agent Registration Forms

General Agent Registration Form (Individual)

Last Update: Year 2019

General Agent Registration Form (Corporate)

Last Update: Year 2019

Life Agent Registration Form (Individual)

Last Update: Year 2019

Life Agent Registration Form (Corporate)

Last Update: Year 2019

Agent Renewal Form

General Agent Renewal Form (Individual)

Last Update: Year 2019

General Agent Renewal Form (Corporate)

Last Update: Year 2019

Life Agent Renewal Form (Corporate)

Last Update: Year 2019

Life Agent Renewal Form (Individual)

Last Update: Year 2019

Contact

Unit 1.16, Kiulap Plaza Hotel, Simpang 88, Kiulap Commercial Area, Bandar Seri Begawan, BE1518

+673-242 8871

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