INSURANCE MEDIATION
March 1st, 2002
BY ALAN OSBORNTHE EUROPEAN Union's Council of Ministers has just approved - in principle - a proposed directive on insurance mediation. Final agreement on the legislation could come by midsummer. The directive requires that all those carrying out insurance or reinsurance mediation be formally authorised by the statutory authorities of Member States on the basis of appropriate knowledge and ability, good repute, the possession of professional indemnity insurance and financial capacity where appropriate.This legislation is passing through the EU machinery with ...
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