Regulatory Alerts2018-04-25
Decision on Implementing Provisions of the Insurance Law Relating to Insurance Brokerage and Agency Activities
The Executive Board of the National Bank of Serbia issued this Decision to detail the implementation of the Insurance Law regarding licenses for insurance brokerage and agency activities. It establishes comprehensive requirements for license applications, including specific documentation for founders, business plans, and proof of core capital. The regulation further defines strict criteria for approving qualifying holdings and management members, emphasizing anti-money laundering compliance and business reputation assessments.
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