Permission for insurance intermediaries exemption

Product insurance intermediaries and product-inaccsussorary insurance intermediaries may, upon request, be exempted from the authorisation requirement. Natural and legal persons (e.B. GmbHs) can apply for exemption from the permit. Partnerships require a separate exemption from authorisation for each managing partner. Product insurance intermediaries who are exempt from the authorisation requirement must nevertheless register and register in the placement register.

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completed application form Copy of identity card or similar identification document for proof of corporate legal form: Headquarters in Germany: in the case of companies registered in a register: extract from the commercial register or the partnership register otherwise a copy of the social contract (e.B. in the case of a company under civil law (GbR)) Headquarters abroad: Documents from the country of residence proving the legal form Declaration by the client on the personal reliability, qualifications and orderly financial situation of the insurance intermediary/ Proof of the existence of property damage liability insurance (certificate of an insurance company approved in Germany) In the case of legal entities (GmbH, corporate companies, AG, registered cooperatives), the application form must only be completed for the legal person. All personal documents must be submitted for all natural persons entitled to the management (e..B. personnel documents). The legal entity is also required to extract it from the central business register. Partnerships (GbR, KG, OHG, PartG, GmbH & Co. KG) are not authorised as such. Therefore, each managing partner needs permission. For each of these persons, a completed application form and all personal documents must be submitted.


Preconditions
Insurance is provided only in addition to other products and services. Example: A car dealer also provides car insurance when selling cars. The activity as an insurance intermediary takes place directly on behalf of an insurance intermediary or several intermediaries with permission or on behalf of one or more insurance companies. Proof of property damage liability insurance with the following conditions: The minimum insurance sum is 1.13 million euros per insured case or 1.7 million euros for all insurance claims per year. The insurance is valid in all Member States of the European Union (EU) as well as in the EEA countries. The client makes a statement about the personal reliability, the qualification and the orderly financial situation of the insurance intermediary.

Responsible for the content
Lower Saxony Ministry of Economy, Labour and Transport

Last update or date of publication
13.09.2018