Regulatory Alerts2019-07-04
Ordinance No. 67 of 04.07.2019 on the Procedure for Electronic Registration of Insurance Intermediaries
The Commission for Financial Supervision issued Ordinance No. 67 to establish the electronic procedures for registering insurance brokers, agents, and intermediaries offering insurance products as an additional activity. The regulation mandates the use of an Online Portal for most registrations and specific email-based forms for brokers and cross-border EU intermediaries, requiring insurers to verify compliance before submission. It also amends Ordinance No. 15 to update registry requirements and defines administrative penalties for non-compliance with these electronic registration obligations.
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