CONDITIONS FOR AUTHORISATION OF PRINCIPAL INTERMEDIARIES

These are laid down in the following legislative acts:

  • Law No 236/2018 on insurance distribution
  • Rule No 19/2018 on insurance distribution, which sets out the conditions that must be met and the documents that an entity must submit in order to be authorised by the ASF as a principal intermediary.
  • The applications and standard declarations required by Rule No 19/2018 can be downloaded HERE (in Romanian only)
  • According to Law no. 236/2018 and Rule no. 19/2018, the ASF shall decide whether to grant the authorisation/approval required to conduct business as a prime intermediary or to reject the application for authorisation/approval within 90 days from the date of submission of complete documentation.