Regulatory Alerts2020-01-01
Official Position on the Application of the Insurance Act (Official Gazette Nos. 30/15, 112/18, 63/20, 133/20) Regarding the Authorization to Perform Insurance Distribution Activities
The Croatian Financial Services Supervisory Agency (Hanfa) issued an official position interpreting the Insurance Act to clarify that leasing companies constitute a distinct category of insurance intermediaries authorized to perform distribution activities independently of their core leasing operations, either on behalf of insurers or upon client instruction. Hanfa will register qualifying leasing companies in its official register upon license issuance and fulfillment of statutory conditions, thereby harmonizing supervisory practices across financial markets. This clarification ensures that leasing companies may conduct insurance distribution without being restricted to activities directly linked to their primary leasing business.
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