Full version of Act No. 350 / 2006 Coll.
Full version of Act No. 38 / 2004 Coll., on Insurance Intermediaries and Separate Insurance Liquidators and on Change of Trade Act (Act on Insurance Intermediaries and Insurance Events Liquidators), as seen from subsequent amendments
Valid
Declared full text
Text versions:
12.07.2006
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350
PRESIDENT OF THE GOVERNMENT
Announces
full text of Act No. 38 / 2004 Coll., on Insurance Intermediaries and Separate Insurance Liquidators and on Change of Trade Act (Act on Insurance Intermediaries and Insurance Liquidators), as follows from the amendments made by Act No. 444 / 2005 Coll. and Act No. 57 / 2006 Coll.
THE LAW
on insurance intermediaries and insurance claims liquidators
Parliament has decided on this law of the Czech Republic:
INSURANCE SUPPLIERS AND AUDIENCE SUPPLIERS
Subject matter
This law is in accordance with the law of the European Community1)
(a) regulate the terms and conditions of business of insurance intermediaries and individual insurance claims liquidators;
(b) regulate the conditions for the establishment of insurance intermediaries on the basis of the right to establish branches (establishment) or the freedom to provide temporary services;
(c) establish a register of insurance intermediaries and individual claims liquidators (hereinafter referred to as "the register"); and
(d) it regulates the exercise of supervision over the activities of insurance intermediaries and individual liquidators.
Activities excluded from the scope of the Act
This law does not apply to:
(a) the intermediary activities carried out by the insurance or reinsurance undertaking and the activities of the employees of the insurance and reinsurance undertaking; a national insurance undertaking, a third-State insurance undertaking and a national reinsurance undertaking are required to ensure compliance with the conditions of credibility (§ 19) and the professional competence for at least its basic degree (§ 18) laid down by this law for their employees directly involved in the conclusion of insurance or reinsurance contracts or in their intermediary activities,
(b) an insurance advisory activity which means the occasional provision of information in the context of another professional activity or merely the provision of general information on insurance products, provided that the purpose of such activity is not to facilitate the conclusion or performance of an insurance or reinsurance contract or to produce expert opinions on harmful events;
(c) the activity of persons facilitating the conclusion of insurance contracts where the following conditions are met at the same time:
1. the conclusion of an insurance contract requires only knowledge of the insurance provided on its basis;
2. it is not life insurance policies or liability insurance;
3. the intermediary activity in the insurance sector is only a complement to the business of the intermediary;
4. the insurance in question is a ancillary service of the goods or services supplied, if the insurance is negotiated in the event of a defect, destruction, loss of the goods or service, or if the insurance is negotiated in the event of damage or loss of luggage or in the event of any other insurance risk associated with travel by the supplier of the service, even if it is life insurance or liability insurance, if such insurance is supplementary to the travel insurance; and
5. the annual premiums for one insurance contract shall not exceed EUR 500 and the duration of such contract, including its extension, shall not exceed 5 years.
Definition of terms
For the purposes of this Act:
(a) brokering activities in the insurance sector, professional activities consisting of:
1. submission of proposals for the conclusion of insurance contracts or reinsurance contracts;
2. carrying out preparatory work to conclude insurance or reinsurance contracts;
3. the conclusion of insurance or reinsurance contracts in the name and on behalf of the insurance or reinsurance undertaking for which the business is carried out; or
4. assistance in the management of insurance and the treatment of claims under insurance or reinsurance contracts;
(b) by an insurance intermediary, a legal or natural person who, in return for payment, carries out an intermediary business in the insurance sector;
(c) an insurance legal person who is entitled to pursue an insurance activity on the territory of the Czech Republic under special legislation2;
(d) a reinsurance legal person whose business is to take over insurance risks transferred by an insurance undertaking or another reinsurance undertaking;
(e) a Member State of the European Union or another Member State constituting the European Economic Area;
(f) the home Member State of the Member State in which the insurance intermediary has its residence as a natural person and in which it carries out its business or in which the insurance intermediary has its registered office as a legal person, or, failing that, the Member State does not require its registered office,
(g) the host Member State is the Member State in which the insurance intermediary operates its intermediary business in the insurance sector on the basis of the right to establish branches or the freedom to provide temporary services;
(h) the competent supervisory authority of the home Member State which is authorised to supervise the business of the intermediary business in the insurance sector and which has been notified as a competent authority to the Commission of the European Communities;
(i) identification data
1. in the case of a natural person, the name and, where applicable, the name, surname and, where applicable, business name and place of business, if different from residence, address of residence, date of birth and registration number,
2. in the case of a legal person, the company or name, its registered office, registration number, identification number, if assigned, and the name and, where applicable, the name, surname, address of residence and date of birth of the agent responsible (§ 11); for a legal person having its registered office in a Member State other than a Member State (hereinafter referred to as the "third State '), the address of the organisational component of the enterprise located in the Czech Republic,
(j) a durable medium of data an instrument which allows the consumer to preserve the information he has identified so that information can be made available within a reasonable period of purpose and to reproduce that information unchanged;
(k) the address of the natural person's place of residence or place of residence; if the natural person is resident in several places, the address of the residence where the natural person is resident with the intention of staying there permanently;
(l) the pursuit of an intermediary activity on the basis of the right to establish branches, any permanent presence (establishment) of an insurance intermediary from a Member State in the territory of a Member State other than the Member State in which the insurance intermediary is resident or registered;
(m) the freedom to provide temporary services to the right of an insurance intermediary residing or having its registered office in a Member State to temporarily engage in an brokering activity in an insurance business in the territory of a Member State other than that in which the insurance intermediary has its residence or registered office, to the extent granted by the competent authority of the country of residence or registered office, where such activity does not have the character of permanent presence in the territory of that other Member State.
Insurance intermediaries
(1) Under the conditions laid down in this Act, the intermediary activity in the insurance sector may be carried out by a legal or natural person in the Czech Republic as:
(a) the linked insurance intermediary (Section 5);
(b) subordinate insurance intermediary (§ 6),
(c) insurance agent (§ 7),
(d) sole insurance agent (§ 6a),
(e) an insurance broker (§ 8); or
(f) an insurance intermediary whose home Member State is not the Czech Republic (§ 9).
(2) The intermediary may only engage in brokering activities in the capacity in which it was registered.
Bound insurance intermediary
(1) A tied insurance intermediary carries out an intermediary business in the insurance sector in the name and on behalf of one or more insurance undertakings, does not collect insurance premiums and does not pay the performance of insurance or reinsurance contracts. In the case of an offer of insurance products, several insurance undertakings may not compete with each other.
(2) The tied insurance intermediary shall be bound in his activity by a written contract with the insurance undertaking in whose name and on whose behalf he acts and its instructions. The insurance undertaking whose insurance product the linked insurance intermediary offers shall be liable for any damage caused by it in the performance of the intermediary's business in the insurance sector.
(3) A person who carries out an intermediary's business in the insurance sector under the conditions laid down in paragraph 1 shall also be regarded as a tied insurance intermediary where insurance is offered in the course of that activity, which is the supplementary service of the insurance intermediary of the goods or services supplied.
(4) The tied insurance intermediary must be entered in the register, fulfil the conditions of credibility and the conditions laid down by this Act for the basic qualification degree of competence.
Subordinated insurance intermediary
(1) The subordinate insurance intermediary shall cooperate with the insurance agent or sole insurance agent or insurance broker on the basis of a written contract, shall not collect insurance premiums and shall not mediate the performance of insurance or reinsurance contracts. He shall be bound in his business by the instructions of the insurance intermediary on whose behalf and on whose behalf he acts. The subordinate insurance intermediary shall be remunerated by the insurance intermediary in whose name and on whose behalf he acts.
(2) The subordinate insurance intermediary must be entered in the register, fulfil the conditions of credibility and the conditions laid down by this law for the basic qualification degree of competence.
(3) An insurance intermediary whose name and on whose behalf a subordinate insurance intermediary is acting is responsible for the damage caused by it in the performance of the intermediary's business in the insurance sector.
Exclusive insurance agent
(1) An exclusive insurance agent carries out an intermediary business in the insurance sector under a written contract on behalf of and on behalf of one insurance undertaking.
(2) The exclusive insurance agent shall be bound in his activity by the internal rules of the insurance undertaking in whose name and on whose behalf he acts; If so agreed, it shall be entitled to collect or mediate the performance of insurance contracts. The insurance agent shall be remunerated by the insurance undertaking in whose name and on whose behalf he acts.
(3) The exclusive insurance agent must be entered in the register, satisfy the conditions of credibility and the conditions laid down by this Act for the basic qualification degree of competence. A person registered as an exclusive insurance agent and at the same time as a tied insurance intermediary, a subordinate insurance intermediary, an insurance agent or an insurance broker may only facilitate the conclusion of insurance contracts falling within the insurance sectors covered by the contract referred to in paragraph 1 as an exclusive insurance agent.
(4) The insurance undertaking in whose name and on whose behalf the sole insurance agent is acting is responsible for the damage caused by this activity.
(5) If the sole insurance agent was authorised to collect insurance premiums from the policy holder or to mediate insurance payments, he shall:
(a) maintain a permanent liquid financial security of 4% of the annual volume of premiums received by him but at least equivalent to EUR 15 000; or
(b) use separate bank accounts for transfers of insurance and reinsurance transactions exclusively for that purpose and from the own management. This account may also be a bank account of an insurance undertaking if it indicates which exclusive insurance agent and what amount of insurance premiums he has placed in that bank account.
(6) Otherwise, for the activities of an exclusive insurance agent, the similar arrangements for a tied insurance intermediary laid down in this Act and in specific legislation apply.
Insurance agent
(1) The insurance agent shall carry out brokering activities in the insurance sector on the basis of a written contract, on behalf of and on behalf of one or more insurance undertakings. In the case of multiple insurance undertakings offering insurance products, these products may be mutually competitive.
(2) The insurance agent shall, in his activity, be bound by the internal rules of the insurance undertaking on whose behalf and on whose behalf he acts, if so agreed, he shall be entitled to receive insurance premiums or to facilitate the performance of insurance contracts. The insurance agent shall be remunerated by the insurance undertaking in whose name and on whose behalf he acts.
(3) The insurance agent must be entered in the register, satisfy the conditions of credibility and the conditions laid down by this law for the intermediate qualification degree.
(4) The insurance agent shall be insured throughout the life of the business of the insurance intermediary in the event of liability for damage caused by the performance of that activity, effective throughout the territory of the European Economic Area, with an insurance performance limit of at least EUR 1 000 000 for each insurance event, in the event of multiple claims in one year, at least EUR 1 500 000 if the insurance undertaking, on whose behalf and on whose behalf the insurance agent is acting, has not made a written commitment to assume responsibility for the damage caused by that activity.
(5) If the insurance agent has been authorised to receive insurance premiums from the policy holder or insurance undertakings, he shall:
(a) maintain a permanent liquid financial security of 4% of the annual volume of premiums received by him but at least equivalent to EUR 15 000; or
(b) use separate bank accounts for transfers of insurance and reinsurance transactions exclusively for that purpose and from the own management.
Insurance broker
(1) The insurance broker is bound in his activity by the content of the contract concluded with the insurance or reinsurance undertaking (hereinafter referred to as "the client ').
(2) Depending on the content of the contract with the client, the insurance broker processes comprehensive analysis of insurance risks, proposals for insurance or reinsurance programmes, provides consultancy and consultancy activities, manages closed insurance or reinsurance contracts, monitors deadlines for their revision, cooperates in the liquidation of insurance events.
(3) The insurance broker must be entered in the register, meet the conditions of credibility and the conditions laid down by this law for a higher qualification degree.
(4) The insurance broker shall be remunerated by the insurance or reinsurance undertaking, unless otherwise agreed with the insurance and reinsurance undertaking concerned.
(5) The insurance broker shall be insured throughout the life of the business of the insurance intermediary in the event of liability for damage caused by the performance of that activity, effective throughout the territory of the European Economic Area, with an insurance performance limit of at least EUR 1 000 000 per insurance event, in the case of multiple claims in one year at least EUR 1 500 000.
(6) If the insurance broker has been authorised to receive insurance premiums from the policy holder or insurance undertakings, he shall:
(a) maintain a permanent liquid financial security of 4% of the annual volume of premiums received by him but at least equivalent to EUR 15 000; or
(b) use separate bank accounts for transfers of insurance and reinsurance transactions exclusively for that purpose and from the own management.
Insurance intermediary with home Member State other than the Czech Republic
(1) An insurance intermediary with a home Member State other than the Czech Republic may, in the territory of the Czech Republic, engage in an intermediary activity in the insurance sector to the extent that it is entitled to carry on such activity in the home Member State, after fulfilling the information obligations under § 14 (3) to (5).
(2) The insurance intermediary referred to in paragraph 1 may carry out an intermediary activity in the insurance sector within the territory of the Czech Republic on the basis of the right to establish branches or under the freedom to provide temporary services.
Separate claims liquidator
(1) The individual liquidator of claims shall carry out the investigation necessary to establish the extent of his obligation to comply with the insurance obligations under the contract concluded with the insurance undertaking, on its behalf and on its behalf.
(2) The contract of the separate liquidator of claims with the insurance undertaking referred to in paragraph 1 shall always include:
(a) the definition of the insurance events covered by the contract in relation to the insurance sector under the special legislature4),
(b) defining the scope of the agreed actions;
(c) the definition of the powers of the parties in the liquidation of claims, including the possibility of being used in the liquidation of claims, as well as the synergies of other persons and the conditions of such cooperation.
(3) A self-liquidator of claims must be entered in the register, fulfil the conditions of credibility and the conditions laid down by this Act for the basic qualification degree of competence.
(4) A self-liquidator of claims shall be insured throughout the life of his or her business in the event of liability for damage caused by the performance of that activity, with an insurance performance limit of at least EUR 500 000 for each insurance event, in the event of multiple claims in one year at least EUR 1 000 000.
Responsible representative of the legal person
(1) If the insurance intermediary or individual liquidator is a legal person established in the Czech Republic, that person must appoint a responsible representative; This does not apply if it is a tied or subordinate insurance intermediary. The agent responsible shall be the natural person responsible for compliance with the legislation relating to the business of the insurance intermediary or individual liquidator. The responsible agent must be in the commercial management5) the legal person who appointed him as the responsible agent. The term of office of the responsible representative may be used only for one legal person.
(2) If the responsible representative finds deficiencies in the activities of the legal entity to which he has been appointed, he is obliged to propose without delay corrective measures and to notify the Czech National Bank of this fact.
(3) The responsible representative shall comply with the conditions of credibility and competence laid down by this law, depending on the nature of the activity carried out. The responsible representative must be resident in the Czech Republic.
(4) If an insurance intermediary with its head office in a third State or a separate liquidator of insurance events is a legal person, the responsibilities of the responsible representative shall be fulfilled by the head of the organisational body of the undertaking located in the Czech Republic. The legal person shall appoint a natural person as the head of that organisational body who fulfils the conditions for the performance of the duties of the responsible representative.
(5) If the responsible agent ceases to perform his duties or ceases to comply with the conditions laid down by this law, the insurance intermediary or the separate liquidator of claims shall, no later than 15 days after the date on which the responsible agent ceases to perform his duties or ceases to comply with the conditions laid down by that law, appoint a new representative.
Register
(1) A register is established, which is run by the Czech National Bank. The register shall be broken down in accordance with paragraphs 2 and 4. Persons are registered according to registration numbers, their shape and content are determined by the Czech National Bank decree.
(2) The Czech National Bank will register a natural or legal person who has fulfilled the conditions laid down by this Act for the performance of its activities
(a) a tied insurance intermediary;
(b) a subordinate insurance intermediary;
(c) an exclusive insurance agent;
(d) an insurance agent,
(e) an insurance broker; and
(f) a separate liquidator of claims.
(3) The following data shall be entered in the register, including changes thereto:
(a) in the case of a natural person, the name or, where applicable, the name, surname, date of birth, address of residence, identification number, and, where applicable, business name and place of business, the place of permanent or long-term residence in the Czech Republic,
(b) in the case of a legal person, a commercial firm, including legal form, or name, registered office, identification number, name or, where applicable, name, surname, date of birth and residence of persons who are members of the statutory body of a legal person, or of the person who is the statutory authority of the applicant, with the agent's name, surname, date of birth and address of residence, with the organisational component of the undertaking of the legal person having its address in the Czech Republic, in the third State;
(c) the subject matter of the business under this Act, in the case of a tied insurance intermediary, a subordinate insurance intermediary, an insurance agent and a separate liquidator of the insurance events of the insurance undertaking or an insurance intermediary for which it is active;
(d) the date of registration in the register and the date of commencement of operations;
(e) the territorial scope of the activity in the case of an insurance intermediary residing or having its registered office in the Czech Republic, including an indication of whether the intermediary activity in the insurance sector is carried out in the host Member State, if so, whether it is carried out in the form of a right to establish branches, in which case its address, or in the form of freedom to provide temporary services,
(f) suspension or interruption;
(g) the date of expiry of the registration;
(h) the date of the declaration and cancellation of the bankruptcy;
(i) the date of entry into liquidation of the legal entity;
(j) an overview of the fines imposed, including the sanctions imposed by the Czech National Bank.
(4) In the case of an insurance intermediary with a home Member State other than the Czech Republic, which carries on an intermediary business in the insurance sector on the basis of the right to establish branches or on the basis of the freedom to provide temporary services, the following shall be entered in the register:
(a) identification data;
(b) details of the nature of the intermediary activity carried out in the insurance sector under Article 4 (a) to (d), in the case of a tied insurance intermediary, a subordinate insurance intermediary and an insurance agent of the insurance undertaking or an insurance intermediary for which it is active;
(c) details of whether the intermediary activity in the insurance sector is carried out in the form of the right to establish branches or the freedom to provide temporary services; where the intermediary business in the insurance sector is carried out in the form of the right to establish branches, the address of the branch's registered office shall be recorded;
(d) details of suspension and interruption of the business of the insurance intermediary, declaration and cancellation of bankruptcy, entry into liquidation;
(e) closure data.
The entry in the register of the data referred to in points (a) to (e) shall be carried out by the Czech National Bank on the basis of the information transmitted by the competent supervisory authority of the home Member State of the insurance intermediary. Other data may also be entered in the register if they have been provided by the competent supervisory authority of the home Member State of the insurance intermediary.
(5) The register is publicly available. Everyone has the right to look into it and make extracts, copies and copies of it.
(6) The person who acts in confidence in the register cannot object to the fact that the registration is not in line with the facts.
(7) The Czech National Bank publishes in the form of official communications the lists of registered insurance intermediaries and individual claims liquidators in the Czech National Bank Bulletin (hereinafter the Bulletin). This obligation may be fulfilled by publication in a way that allows remote access. These lists are updated by the Czech National Bank at least every 2 weeks.
Application for registration by an insurance intermediary
(1) The registration of an insurance intermediary residing or having its registered office in the Czech Republic or in the territory of a third State shall be decided by the Czech National Bank upon written request.
(2) A natural person residing in the territory of the Czech Republic intending to carry out an intermediary activity in the insurance sector shall indicate in the application for registration in the register:
(a) the information referred to in Article 12 (3) (a);
(b) the extent of the intermediary activity carried out in the insurance sector and the territory in which the activity is to be carried out;
(c) the estimated date of commencement of the intermediary activity;
(d) the identification number, if any.
(3) A natural person residing in the territory of the Czech Republic intending to carry out an intermediary activity in the insurance sector shall accompany the application referred to in paragraph 2:
(a) proof of completion of a vocational training or vocational examination, or evidence of otherwise professional competence of the applicant (Paragraph 18) and of any person employed by that natural person and directly involved in the intermediary business in the insurance sector;
(b) documents proving that, in the applicant's possession, the funds are at least equivalent to EUR 15 000 if the insurance intermediary is to be entitled to receive insurance premiums from the policy holder or from the insurance undertaking,
(c) documents proving the applicant's credibility (§ 19),
(d) insurance contract for liability for damage caused by the performance of the business of the insurance intermediary.
(4) A legal person having its registered office in the Czech Republic who intends to carry out an intermediary activity in the insurance sector shall indicate in the application for registration in the register:
(a) the information referred to in Article 12 (3) (b);
(b) the extent of the intermediary activity carried out in the insurance sector and the territory in which the activity is to be carried out;
(c) the estimated date of commencement of the intermediary activity;
(d) the identification number, if any.
(5) A legal person having its registered office in the Czech Republic who intends to carry out an intermediary business in the insurance sector shall accompany the application referred to in paragraph 4.
(a) proof of completion of a vocational training or vocational examination under this law, or evidence of otherwise professional competence (Paragraph 18) of the responsible agent and of any person directly involved in the intermediary business in the insurance sector;
(b) documents proving that, in the applicant's possession, the funds are at least equivalent to EUR 15 000 if the insurance intermediary is to be entitled to receive insurance premiums from the policy holder or from the insurance undertaking,
(c) documents proving the applicant's credibility (Section 20);
(d) the insurance contract for liability for damage caused by the performance of the business of the insurance intermediary or the certificate referred to in paragraph 6;
(e) a full extract from the commercial register, if the legal person was registered in that register before the application was made, not more than 3 months old.
(6) In the case of a tied insurance intermediary, the documents referred to in points (a) and (d) of paragraph 3 and in points (a) and (d) of paragraph 5 shall be replaced by a written declaration from the insurance undertaking for which the linked insurance intermediary is to be active, stating that the applicant fulfils the conditions of professional competence laid down by law and that the insurance undertaking is fully responsible for its activities for its benefit. This is also the case in the case of proof of liability insurance caused by the operation of an insurance agent. In the case of a subordinate insurance intermediary, the documents referred to in points (a) and (d) of paragraph 3 and in points (a) and (d) of paragraph 5 shall be replaced by a written declaration from the insurance agent or insurance broker for which the subordinate insurance intermediary is to be active, that the applicant fulfils the conditions of professional competence laid down by law and that the insurance agent or insurance broker is fully responsible for that activity as a subordinate insurance intermediary.
(7) The application for registration in the register of natural or legal persons residing or having their registered office in the territory of a third State intending to engage in an intermediary business in the insurance sector in the Czech Republic shall be subject to the provisions of paragraphs 2 to 6. The application must be accompanied by a certificate of residence of the applicant for registration in the Czech Republic; in the case of a legal person, a certificate of residence in the Czech Republic leading to the organisational component of the enterprise of that person.
(8) The change of the data entered into the register, including the declaration and cancellation of bankruptcy or entry into liquidation, is required by the insurance intermediary to notify the Czech National Bank without undue delay as soon as he has heard of this change.
(9) The submission of an application for registration in the register shall be subject to an administrative fee.
Start of the business of the insurance intermediary in the territory of the host Member State
(1) The insurance intermediary residing or having its registered office in the Czech Republic is obliged to inform the Czech National Bank of this intention before commencing his activity in the territory of another Member State. Within 1 month of receipt of the information, the Czech National Bank shall inform the competent supervisory authority of the host Member State of the intention of the insurance intermediary, including the identification details of the insurance intermediary. At the same time, the Czech National Bank shall inform the insurance intermediary of this communication to the competent supervisory authority of the host Member State.
(2) An insurance intermediary residing or having its registered office in the territory of the Czech Republic may start its business in the territory of another Member State within 1 month of being informed by the Czech National Bank of the fulfilment of the information obligation referred to in paragraph 1 or of the date on which it received this information, in the case of a host Member State whose competent supervisory authority has notified the Czech National Bank that it is not interested in providing the information referred to in paragraph 1.
(3) The insurance intermediary with a home Member State other than the Czech Republic, which intends to start its activities in the Czech Republic, shall inform the competent supervisory authority of its home Member State of this intention.
(4) The Czech National Bank shall communicate to the insurance intermediary referred to in paragraph 3 the general conditions for the operation of its business in the Czech Republic and shall enter it in the register within 1 month of the date of receipt of the identification data and of the confirmation by the competent supervisory authority of its registration in its home Member State.
(5) The insurance intermediary referred to in paragraph 3 shall be entitled to commence its activities on the territory of the Czech Republic after 1 month from the date on which it was informed by the competent supervisory authority of its home Member State that the information obligation towards the Czech National Bank had been fulfilled.
Application for registration of a separate insurance event liquidator
(1) The registration of a separate liquidator of claims is decided by the Czech National Bank upon request.
(2) The natural person intending to pursue the activity of a separate liquidator of claims shall indicate in the application for registration in the register:
(a) the information referred to in Article 12 (3) (a);
(b) the extent to which the activity of the individual liquidator of claims is carried out by industry and by territory in which the activity is to be carried out;
(c) the expected date of commencement of the activity of the separate liquidator of claims;
(d) the identification number, if any.
(3) The application referred to in paragraph 2 shall be accompanied by a natural person intending to pursue the activity of a separate liquidator of claims.
(a) proof of completion of a vocational training or vocational examination, or evidence of otherwise professional competence of the applicant (Paragraph 18) and of any person employed by that natural person and directly involved in the intermediary business in the insurance sector;
(b) documents proving the applicant's credibility (§ 19);
(c) insurance contract for liability for damage caused by the performance of the activity of a separate liquidator of claims.
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Regulation Information
| Citation | Full version of Act No. 350 / 2006 Coll., Act No. 38 / 2004 Coll., on Insurance Intermediaries and Separate Liquidators of Insurance Events and on Change of Trade Act (Act on Insurance Intermediaries and Insurance Events Liquidators), as resulting from subsequent amendments |
|---|---|
| Regulation Type | Declared full text |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 12.07.2006 |
|---|---|
| Effective from | - |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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