Skip to main content
European Insurance and Occupational Pensions Authority

General information provided by the insurance intermediary or insurance undertaking

Path
CHAPTER V

Article number:  18

Member States shall ensure that:

(a) in good time before the conclusion of an insurance contract, an insurance intermediary makes the following disclosures to customers:

(i) its identity and address and that it is an insurance intermediary;
 
(ii) whether it provides advice about the insurance products sold;

(iii) the procedures referred to in Article 14 enabling customers and other interested parties to register complaints about insurance intermediaries and about the out-of-court complaint and redress procedures referred to in Article 15;

(iv) the register in which it has been included and the means for verifying that it has been registered; and

(v) whether the intermediary is representing the customer or is acting for and on behalf of the insurance undertaking;

(b) in good time before the conclusion of an insurance contract, an insurance undertaking makes the following disclosures to customers:

(i) its identity and address and that it is an insurance undertaking;

(ii) whether it provides advice about the insurance products sold;

(iii) the procedures referred to in Article 14 enabling customers and other interested parties to register complaints about insurance undertakings and about the out-of-court complaint and redress procedures referred to in Article 15.

Metadata

RULEBOOK TOPIC:  CHAPTER V - INFORMATION REQUIREMENTS AND CONDUCT OF BUSINESS RULES

RULEBOOK CATEGORY:  Directive (EU) 2016/97 (Insurance Distribution Directive)

Last update on:  14 Jan 2021