The Chambers of Commerce and Industry keep a Register of Brokers. Independent, tied and product selling insurance brokers, insurance advisers and employees who hold management roles with responsibility for brokerage or advice must register.
The register contains the following data:
- for natural persons: surname, first name, date of birth and company name
- for legal entities: surnames and forenames of the natural persons in the company’s management organs who are responsible for brokerage activities
- type of permit
- address of the competent registration authority
- in which EU countries and contracting states the applicant will be working
- addresses of any foreign branches
- business address
- register number
- for tied and ancillary insurance brokers: the liable insurance company
This enables consumers and insurance companies to check who is registered as an insurance broker where and to what extent.
N.B. Anyone who violates the registration requirement may be penalised with a fine of up to 5,000 euros.
Tip: You can view the Register of Brokers free of charge at www.vermittlerregister.info. Written queries are subject to a fee.