Service Finder
Apply for exemption from the obligation to obtain a license as an insurance intermediary
Service Description
As a self-employed insurance intermediary, you generally need a license. However, as a so-called ancillary insurance intermediary, you can be exempted from the licensing requirement.
You are an ancillary insurance intermediary if you broker supplementary insurance policies in addition to your main activity. This means that the risk for which you broker insurance must arise directly from the goods or services you sell.
Examples of supplementary insurance brokerage:
- Arranging motor vehicle insurance in connection with the purchase of a car.
- Arranging life insurance as security for the conclusion of a loan agreement.
- Arranging transport insurance in connection with delivery services.
The exemption from the licensing requirement (license exemption) can be granted to a natural person and a legal entity.
Partnerships such as the civil law partnership (GbR), the general partnership (OHG) or the limited partnership (KG) cannot be granted the exemption from the licensing requirement (license exemption). Here, each
managing partner must apply for a separate exemption from the license requirement.
In addition to obtaining the exemption from the licensing requirement, you must be entered in the register of intermediaries immediately after commencing your activity.
Process flow
In order to obtain an exemption from the obligation to obtain a license as an insurance intermediary, you must submit a corresponding application together with the necessary documents to your responsible Chamber of Industry and Commerce (IHK).
At the same time as your application, you can also apply for entry in the register of intermediaries. The relevant IHK will check whether you meet the requirements based on the information you provide and the documents you submit. If all requirements are met, you will be granted an exemption from the licensing requirement.
Competent authority
You can find the Chamber of Industry and Commerce responsible for you here:
Requirements
- You only broker insurance in addition to the goods or services supplied as part of your main activity.
- You work directly on behalf of one or more insurance intermediaries (insurance agents or insurance brokers) with a license or on behalf of one or more insurance companies.
- You have professional indemnity insurance or an equivalent guarantee.
- Your client(s) (insurance intermediary with a license or insurance company) declare(s) that you are reliable and suitably qualified and that you are not living in disorderly financial circumstances.
Which documents are required?
- Proof that you carry out your activity directly on behalf of one or more self-employed insurance intermediaries with a license or one or more insurance companies
- Declaration from the insurance company or independent intermediary about your personal reliability, your qualifications and your orderly financial circumstances
- Proof of professional indemnity insurance or an equivalent guarantee
- Extract from the commercial register for legal entities and commercial partnerships
Please note:
You can find out which documents are required in your specific case on the application form from the competent authority.
What are the fees?
Fees apply. The exact amount can be found in the fee schedule of the local Chamber of Industry and Commerce (IHK).
What deadlines do I have to pay attention to?
The exemption from the permit requirement applies for an unlimited period.
Processing duration
The complete processing of the application for exemption from the permit requirement can take several weeks.
Legal basis
Applications / forms
You can appeal against the decision of the Chamber of Industry and Commerce on your application for an exemption from the licensing requirement.
Which legal remedies can be lodged (objection or appeal to the administrative court) varies from state to state. Detailed information on admissible legal remedies can be found in the information on legal remedies in the decision on your application for exemption from the licensing requirement.
Appeal
- Application form: Application form of the responsible IHK for natural or legal persons
- Written form requirement: no
- Personal appearance: no
What else should I know?
If you employ staff who are directly involved in brokering or advising, you must ensure that these employees are reliable and properly qualified to broker the insurance in question.
have the appropriate qualifications.
If you employ staff who are responsible for brokerage or advice in a managerial position, you must also have them entered in the register of intermediaries.
Author
IHK East Thuringia to Gera
The text was automatically translated based on the German content.
Professionally released on
15.01.2024
Source: Zuständigkeitsfinder Thüringen (Linie6Plus)
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