Regulatory Alerts2026-01-29
Regulation No. 2024-02 — Regulation on Insurance and Reinsurance Distribution
The Central Bank of the Republic of San Marino issued Regulation No. 2024-02 to establish a comprehensive regulatory framework governing the distribution of insurance and reinsurance products. The regulation mandates strict registration requirements, professional and suitability standards, and detailed conduct rules for intermediaries, including asset segregation, conflict of interest management, and transparent pre-contractual information disclosure. It further extends product governance, cross-border operational procedures, and supervisory powers to ensure market integrity and consumer protection across all distribution channels.
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