An Insurance Addendum is a critical document used to modify existing insurance policies in the UAE without the need to issue an entirely new policy. It is commonly employed when changes are required to coverage terms, premiums, insured parties, or policy conditions. The document must comply with UAE Federal Law No. 6 of 2007 and relevant CBUAE regulations, including any specific requirements for the type of insurance being modified. Insurance Addenda are particularly important in the UAE market where regulatory changes, business evolution, or risk profile modifications necessitate policy adjustments. The document serves as a legally binding amendment that becomes part of the original policy, requiring careful drafting to ensure consistency with both the original policy terms and current regulatory requirements.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification of the insurer and insured parties, including full legal names and addresses
2. Background: Reference to the original insurance policy, including policy number, date of issuance, and current status
3. Definitions: Key terms used in the addendum, including any new terms not defined in the original policy
4. Purpose of Amendment: Clear statement of the reason for the addendum and overview of changes being made
5. Scope of Modifications: Detailed description of specific changes to the original policy terms and conditions
6. Effective Date: Specification of when the changes take effect and duration if applicable
7. Premium Adjustment: Details of any changes to premium amounts or payment terms resulting from the amendment
8. Confirmation of Other Terms: Statement confirming all other original policy terms remain unchanged
9. Governing Law and Jurisdiction: Confirmation of UAE law application and relevant jurisdiction
10. Execution: Signature blocks and execution requirements for all parties
1. Claims Procedures: Include when the amendment affects claims handling processes or requirements
2. Additional Insured Parties: Required when adding new parties to the policy coverage
3. Coverage Extensions: Used when expanding the scope of insurance coverage
4. Exclusions Modification: Include when changing or adding policy exclusions
5. Special Conditions: Used for specific requirements or conditions unique to the amendment
6. Compliance Statement: Include when amendments are made to ensure compliance with new regulations
7. Broker/Agent Details: Required when insurance intermediary details need to be updated or included
1. Schedule A - Modified Coverage Details: Detailed breakdown of changes to coverage limits, sublimits, and terms
2. Schedule B - Revised Premium Calculation: Detailed calculation of premium adjustments if applicable
3. Schedule C - Updated Risk Assessment: New or modified risk assessment details if coverage changes involve risk modifications
4. Appendix 1 - Supporting Documents: Copies of relevant certificates, permits, or other documents supporting the amendment
5. Appendix 2 - Regulatory Approvals: Copies of any required regulatory approvals or notifications
6. Appendix 3 - Updated Policy Schedule: Revised policy schedule incorporating all changes made by the addendum
Find the exact document you need
Insurance Introducer Agreement
UAE-governed agreement between an insurance provider and introducer for client referrals, including commission terms and regulatory compliance requirements.
Download
Easement Indemnity Policy
UAE-governed insurance policy providing indemnity coverage for easement-related risks and disputes on property.
Download
Insurance Distribution Agreement
UAE-governed agreement between an insurer and distributor establishing terms for insurance product distribution, compliant with UAE Federal Insurance Laws.
Download
Insurance Pooling Agreement
UAE-governed agreement establishing an insurance pool arrangement between multiple insurers for shared risk and premium management, compliant with UAE federal insurance laws.
Download
Insurance Addendum
A UAE-compliant legal document modifying an existing insurance policy's terms, conditions, or coverage under CBUAE regulation.
Download
Gap Indemnity Agreement
A UAE-governed agreement providing protection during the gap between property transaction completion and official registration.
Download
Fine Print Renters Insurance Agreement
UAE-governed renters insurance agreement outlining coverage terms, claims procedures, and policyholder obligations for rental property occupants.
Download
Insurance Long Term Agreement
UAE-governed long-term insurance contract detailing coverage terms, premium payments, and policy benefits in compliance with UAE insurance regulations.
Download
Car Insurance Agreement
A UAE-governed agreement establishing motor vehicle insurance terms and conditions, complying with UAE federal insurance and traffic laws.
Download
Health Insurance Agreement
UAE-governed health insurance contract establishing coverage terms and conditions in compliance with federal and emirate-level insurance regulations.
Download
Life Settlement Agreement
A UAE-governed agreement for the sale and transfer of a life insurance policy from the original owner to a third-party purchaser, compliant with UAE federal laws and regulations.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)