Regulatory Alerts2014-07-03
Recommendation 2014-R-01 of July 3, 2014, on agreements concerning the distribution of life insurance contracts, amended December 6, 2019
The ACPR and AMF jointly issued this recommendation to clarify the obligations of life insurance providers and intermediaries regarding the validation of advertising documents and the transmission of product information. It mandates that agreements explicitly define submission procedures, response timelines, and information sharing mechanisms to ensure client protection throughout the distribution chain. The guidance further requires intermediaries in multi-tier distribution networks to establish compatible agreements with downstream partners to maintain compliance with governance and product surveillance standards.
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