Regulatory Alerts2023-08-15
Ordinance No. 67 of 04.07.2019 on the Electronic Registration Procedure for Insurance Intermediaries
The Financial Supervision Commission of Bulgaria promulgated this ordinance to establish mandatory electronic procedures for registering insurance brokers, agents, and ancillary intermediaries. It requires insurers to verify applicant compliance before submitting standardized requests via the FSC Online Portal or email, with system validation strictly enforced through qualified electronic signatures. The regulation further outlines administrative penalties for non-compliance, defines transitional submission periods, and amends existing register-keeping legislation to align with the new digital framework.
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