News & Warnings

Newsletter: new category of insurance intermediary: the mandated underwriter

News
News article
12/04/2019

The law of 3 April 2019 introduces, effective 10 April 2019, a new category of insurance intermediary: the mandated underwriter (gevolmachtigde onderschrijver / souscripteur mandaté).

This newsletter describes the new category known as ‘mandated underwriter’ (‘Gevolmachtigde onderschrijver’ in Dutch / ‘Souscripteur mandaté’ in French) and answers the following questions:

  • What is a mandated underwriter?
  • Why create a new category of insurance intermediary?
  • What requirements must mandated underwriters fulfil?
  • What do you have to do if you carry out such activities?