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?