Regulatory Alerts2006-05-10
Ordinance No. 28 of 10.05.2006 on the Conditions and Procedure for Conducting Professional Qualification Exams for Insurance Brokers, Recognition of Qualifications Acquired in Member States, and Registration of Professional Training Materials
The Commission for Financial Supervision issues Ordinance No. 28 to regulate the professional qualification exams for insurance brokers, the recognition of qualifications from EU member states, and the registration of training organizations. The ordinance mandates that individuals seeking specific roles in insurance brokerage must pass a written exam administered by a commission, unless they possess recognized prior experience or qualifications. It further establishes strict requirements for the content of training programs, the conduct of exams, and the ongoing updating of educational materials by registered training providers.
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