The FSMA has noticed repeatedly in recent months that self-employed sub-agents are carrying out insurance distribution activities without being first entered in the register of insurance intermediaries. That is prohibited.
Moreover, insurance brokers and insurance agents are not permitted to call upon unregistered insurance sub-agents for their insurance distribution activities or to work with other unregistered insurance intermediaries.
In this newsletter, the FSMA provides a review of these obligations.
- What is an insurance sub-agent?
- What is insurance distribution?
- Do I need prior registration to be able to work as an insurance intermediary?
- Is it enough for me to submit an application to the FSMA to be registered as an insurance sub-agent?
- Does the registration obligation also apply to sub-agents in training?
- Is it enough for my ‘responsible company’ to list me in its registration dossier as a ‘PCP’ (person in contact with the public)?
- What happens in the case of unlawful exercise of activities?
- What is the role of the ‘responsible company’?
- In practice: how do I register as an insurance sub-agent in Cabrio?
- Where can I find more information?