Service Finder
Apply for permission to work as an insurance advisor
Service Description
You are an insurance advisor if you advise customers on insurance on a professional basis without receiving a commission from an insurance company or being dependent on it in any other way. As an insurance advisor, you may not accept any benefits from insurance companies in connection with your work.
In the event of an insurance claim, you may also advise or represent persons out of court in the assertion of claims arising from insurance contracts.
The license can be granted to a natural person or a legal entity. Partnerships, such as a civil law partnership (GbR), a general partnership (OHG) or a limited partnership (KG) cannot be granted a license. In these cases, each managing partner must apply for their own permit.
In addition to obtaining a license, you must be entered in the register of intermediaries immediately after commencing your activities. Your license may be restricted in terms of content and subject to ancillary provisions if this is necessary to protect the general public or policyholders.
If you have a license or a trade as an insurance advisor from another EU/EEA member state and only wish to work temporarily in Germany under the freedom to provide services or as part of the establishment of a branch office, you do not require a license in Germany. However, you must notify the authorities in your home country of your intended activity.
You cannot work as an insurance intermediary at the same time.
Process flow
In order to obtain a license as an insurance advisor, you must submit a corresponding application together with the necessary documents to your local 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 and documents you have submitted.
- If you meet all the licensing requirements, you will receive your license.
Who should I contact?
Contact the IHK at the headquarters of your company.
Requirements
- You must be personally reliable. This means that you have not been convicted of a crime or theft, embezzlement, blackmail, fraud, embezzlement, money laundering, forgery, receiving stolen goods, usury or an insolvency offense in the five years prior to submitting the application.
- You must have orderly financial circumstances. This means, for example, that no insolvency proceedings have been opened against your assets or that you are not entered in the debtor register of the central enforcement court.
- You must have professional indemnity insurance or an equivalent guarantee.
- You must be knowledgeable, e.g. "Certified Specialist for Insurance Brokerage IHK" or have an equivalent professional qualification.
Which documents are required?
- Proof of personal reliability (e.g. certificate of good conduct for submission to an authority, information from the central trade register, certificate in tax matters from the tax office)
- Proof of orderly financial circumstances (e.g. information from the debtor register of the central enforcement court and information from the insolvency court)
- Proof of professional liability insurance or an equivalent guarantee
- Proof of expertise (e.g. certificate of having passed the Chamber of Industry and Commerce (IHK) examination or certificate of an equivalent professional qualification) (see further information)
- 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 licensing authority.
What deadlines do I have to pay attention to?
The permit is valid indefinitely.
Processing duration
Once all documents have been submitted, the application will be processed. This may take several weeks.
Legal basis
Applications / forms
You can appeal against the Chamber of Industry and Commerce's decision on your application for a permit.
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 notification of your permit application.
Appeal
Application form: Application form of the responsible IHK for natural or legal persons or for standard procedures
Written form required: no
Personal appearance required: no
What else should I know?
If you employ staff who are directly involved in providing advice, you must ensure that these employees are reliable and properly qualified to provide advice on the insurance in question.
If you employ staff who are responsible for providing advice in a managerial position, you must also have them entered in the register of intermediaries.
Further Information
Here you will find an overview of the professional qualifications that are equivalent to the certificate of competence examination:
Author
The text was automatically translated based on the German content.
Technically approved by
East Thuringia Chambers of Industry and Commerce in Gera
Professionally released on
15.01.2024
Source: Zuständigkeitsfinder Thüringen (Linie6Plus)
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