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RSSArticle 10 - Product distribution arrangements
1. Insurance distributors shall have in place product distribution arrangements containing appropriate measures and procedures to obtain from the manufacturer all appropriate information on the insurance products they intend to offer to their customers and to fully comprehend those insurance...
Article 11 - Informing the manufacturer
Insurance distributors becoming aware that an insurance product is not in line with the interests, objectives and characteristics of its identified target market or becoming aware of other product-related circumstances that may adversely affect the customer shall promptly inform the manufacturer...
Article 12 - Documentation
Relevant actions taken by insurance distributors in relation to their product distribution arrangements shall be duly documented, kept for audit purposes and made available to the competent authorities upon request.
Article 13 - Entry into force and application
This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.It shall apply from 23 February 2018.This Regulation shall be binding in its entirety and directly applicable in all Member States.Done at Brussels, 21...
Article 17 - Information to be obtained from the customer
1. For the purposes of Article 30(1) and (2) of Directive (EU) 2016/97, the necessary information to be obtained by insurance intermediaries and insurance undertakings with regard to the customer's or potential customer's knowledge and experience in the relevant investment field shall include...
Article 1 - Amendments to Directive (EU) 2016/97
Article 10 of Directive (EU) 2016/97 is amended as follows:(1) paragraph 4 is replaced by the following:‘4. Insurance and reinsurance intermediaries shall hold professional indemnity insurance covering the whole territory of the Union or some other comparable guarantee against liability arising...
Article 2 - Entry into force and date of application
This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union. It shall apply from 12 June 2020.This Regulation shall be binding in its entirety and directly applicable in all Member States.Done at Brussels, 13 May 2019...
Article 1 - Name and company logo of the manufacturer
1. The name of the manufacturer of the non-life insurance product, the Member State where that manufacturer is registered, its regulatory status, and, where relevant, its authorisation number shall immediately follow the title ‘insurance product information document’ at the top of the first page.2...
Article 2 - Reference to complete pre-contractual and contractual information
The insurance product information document shall state prominently that complete pre-contractual and contractual information about the non-life insurance product is provided to the customer in other documents. That statement shall be placed immediately below the name of the manufacturer of the non...
Article 3 - Length
The insurance product information document shall be set out on two sides of A4-sized paper when printed. Exceptionally, if more space is needed, the insurance product information document may be set out on a maximum of three sides of A4-sized paper when printed. Where a manufacturer uses three...