Key Benefits:
Chapter 1 Scope and definitions of the law
Chapter 2 Permission to and registration of insurance intermediaries and employees of insurance intermediaries
Chapter 3 Information obligations of insurance intermediaries and other ongoing reporting obligations
Chapter 4 Involsion and loss of authorisations
Chapter 5 Reinsurance Broker
Chapter 6 Insurance and registration and awareness-raising obligations of insurance companies and management companies
Chapter 7 Registration and awareness-raising obligations of the sub-agents and management companies
Chapter 8 Insurance Distributor
Chapter 9 Cross-border business
Chapter 10 Supervision, appeal and penalty
Chapter 11 Entry into force and transitional provisions, etc.
Publication of the Law on Insurance intermediaries 1)
This shall be made known as insurance intermediation, cf. Law Order no. 401 of 25. April 2007, with the changes that come from paragraph 5 of Act No 515 of 17. June 2008, and by Section 5 of Act No, 517 of 17. June 2008.
Chapter 1
Scope and definitions of the law
§ 1. This law shall apply to commercial intermediation of insurance, which means the activity which consists of the activity of the remuneration to submit, propose or do the initial work in connection with the conclusion of insurance contracts ; or reinsurance contracts, to conclude such agreements or to contribute to the administration and the fulfilment of such agreements, in particular in cases of injury.
Paragraph 2. Insurance intermediation in accordance with section 2, nr. 1 and 2, may be exercised by companies, partnerships (limited-in-command companies), partners, partnerships, partnerships, stakeholders and single-man undertakings.
§ 2. For the purposes of this Act,
1) insurance mediator : The activity that consists of providing Customer advice on the basis of an analysis of such large numbers of the available insurance solutions as possible, and the activity that consists of presenting the Customer for insurance solutions from one or more insurance undertakings, without any explicit agreement with the insurance undertakings concerned.
2) Reinsurance mediation : the activity that consists of providing an insurance company on the basis of an analysis of such large numbers of the available insurance solutions as possible, and the activity of the presentation of the activity of : the insurance undertaking of an insurance undertaking by one or more insurance undertakings, without any explicit agreement with the reinsurance undertakings.
3) Insurance business : The activity that is in agreement with one or more insurance companies to broker the insurance products of insurance companies.
4) " Underagent-agency " means the activity in accordance with an agreement with an insurance undertaking to disseminate one or more insurance products from insurance undertakings.
5) Insurance distributors : The activity which is in agreement with one or more insurers to broker the insurance undertaking insurance products covered by Section 3 (3). 2.
§ 3. The law shall not apply :
1) on the provision of insurance, which is exercised by insurance and reinsurance undertakings, or on the staff of these companies,
2) where a business occasional adviser on insurance in relation to the exercise of other business activities, when the main purpose of the advisory role is not to assist the Customer to submit, propose, conclude or perform the initial work in connection with with the conclusion of an insurance contract,
3) where a company is merely providing general information on insurance products or to make contact with insurance undertakings where the purpose is not to assist you in concluding or submitting, proposing or performing the initial work on the conclusion of an insurance contract ; or
4) where a company is responsible for administering an insurance claim, in the case of charges, claims for claims by imploid damage or other similar tasks on behalf of the insurance undertaking.
Paragraph 2. The law shall not apply to the dissemination of insurance products which satisfy all of the following conditions :
1) The PFP assumes only knowledge of the insurance cover offered.
2) The insurance agreement is not an insurance policy.
3) The insurance agreement does not include liability.
4) The natural or legal person in question does not carry out the insurance intermediary as the business of the business.
5) The insurance agreement shall constitute a supplement to the product or service provided by a given supplier if the contract covers ;
a) risk of service failure by, loss or damage of goods supplied by that supplier ; or
b) loss or damage to luggage and other hazards associated with a travel order from that vendor, whether the insurance contract includes life or liability insurance, provided that the cover is ancillary in relation to the main coverage ; on the risks associated with this journey.
6) The annual premium amount of the insurance agreement does not exceed EUR 500.
7) The duration of the security agreement, including extensions, does not exceed five years.
Paragraph 3. Notwithstanding paragraph 1 2 insurance distributors shall be required to supply the products referred to in paragraph 1. 2 included insurance products, give the Customer the information on the insurance product as specified in § 34 and section 35.
Chapter 2
Permission to and registration of insurance intermediaries and employees of insurance intermediaries
§ 4. Undertakings carrying out insurance intermediaries must have the authorisation of the financial system for this purpose.
Paragraph 2. A person who is engaged in an insurance agent in a company subject to paragraph 1. 1, shall have the consent of the Finance-synet as employed in the undertaking to carry out an insurance mediation.
§ 5. The SEC gives a permit for a company to conduct insurance intermediaries in company form when :
1) members of the Board of Directors and Governing Board shall meet the conditions laid down in section 8,
2) the person or persons responsible for the insurance intermediaries meet the conditions laid down in section 8 (3). 2, and section 9 (4). 1,
3) the company has designated a business liability insurance, cf. § 20, and
4) in the establishment, persons who have or at the same time are requesting permission to carry out the insurance mediation, cf. § 7.
Paragraph 2. An application for authorization pursuant to paragraph 1. 1 shall contain the information necessary for the assessment of the conditions laid down in paragraph 1 of the Financial Authority. One has been fulfilled. In addition, the application must include information :
1) on the nature of the insurance mediation that the undertaking intends to carry out and the company ' s company form ;
2) on in which Member States within the European Union or countries concluded by the Community in the financial area, the activities of which are to be engaged in insurance mediators,
3) the names of the company ' s capital owners as well as the share of capital owners of the undertaking ' s capital or voting rights ; and
4) on the undertaking ' s share of the capital or voting rights of one or more insurers, as well as the names thereof.
§ 6. The SEC gives permission to allow a person to conduct an insurance mediation in individual undertakings when :
1) shall meet the conditions laid down in Article 8 (3). 2,
2) shall comply with the requirements laid down for theoretical training and the practical customer regarding the insurance intermediary, cf. Section 9 (1). 2, and
3) the company has designated a business liability insurance, cf. 20.
Paragraph 2. An application for authorization pursuant to paragraph 1. 1 shall contain the information necessary for the assessment of the conditions laid down in paragraph 1 of the Financial Authority. One has been fulfilled. In addition, the application must include information :
1) on the nature of the insurance mediation that the undertaking intends to carry out,
2) on in which Member States within the European Union or countries concluded by the Community in the area of the financial area, the activities of which are to be engaged in insurance mediators ; and
3) on the undertaking ' s share of the capital or voting rights of one or more insurers, as well as the names thereof.
§ 7. The SEC shall authorise a person who is engaged in an insurance mediation as an employee of an insurance intermediary, when :
1) shall meet the conditions laid down in Article 8 (3). 2, and
2) shall comply with the requirements laid down for theoretical training and the practical customer regarding the insurance intermediary, cf. Section 9 (1). 2.
Paragraph 2. An application for authorization pursuant to paragraph 1. 1 shall contain the information necessary for the assessment of the conditions laid down in paragraph 1 of the Financial Authority. One has been fulfilled. The application must also include information on the nature of the insurance mediation the person intends to carry out.
§ 8. Members of the Board of Directors and Governors of the applicant must have adequate experience to exercise the profession or the position of board member and director of the undertaking respectively.
Paragraph 2. The person of the section 5 to 7 involved cannot dispute the enlisted or the position of an insurance intermediary, if
1) the person concerned is subject to criminal liability for infringement of the penal code or the financial legislation and that violation involves the risk that the profession or position is not kept in a reassuring manner ;
2) the person concerned has notified the claim of payment, filed for forced use, bankruptcy or debt relief, or in the case of payment, in the case of insolvency proceedings, debt relief or obsessive-compulsion ; or
3) the person concerned has shown such behaviour that there is reason to assume that the person concerned does not intend to carry out the profession or the position in a responsible manner.
Paragraph 3. The one of paragraph 1. The person concerned has a duty to provide the Financial supervision of information relating to the information referred to in paragraph 1. 1 and 2 conditions.
§ 9. The person or persons responsible for the insurance intermediation shall possess a general knowledge of insurance intermediaries. The SEC shall lay down detailed rules on this subject.
Paragraph 2. Persons applying for the authorisation to be an insurance broker shall occupy a theoretical training and practical customer on insurance mediator. The SEC shall lay down detailed rules on this subject.
Paragraph 3. The SEC shall collect, for the person in sections 6 and 7, an assessment of the foreign education qualification of an applicant from the Centre for the Evaluation of Foreign Exclusions.
Paragraph 4. The SEC may grant permission to persons, regardless of their fulfils of the conditions laid down in paragraph 1. One and two.
§ 10. Where the Financial supervision has announced an intermediary undertaking or an employee of the insurance intermediary of Section 4 to carry out insurance intermediaries, the insurance agent shall be registered, the person or person responsible for the insurance intermediary ; persons in the company and the employed of the insurance intermediaries in the Financial supervision network of the insurance intermediaries. The register is publicly available.
Paragraph 2. When the Financial supervision has granted a permit in section 4 to an insurance broker undertaking by limited liability companies, partners (in-command companies), partners, stakeholders, and in-command companies, in which all stakeholders complementarity is limited to limited liability companies, partners (limited-command companies), partners or companies with equivalent legal form, shall be informed of the Registration of the Enterprise and Corporate Party (s), which shall then be registered.
§ 11. In the name of insurance intermediaries, insurance intermediaries shall use the name ' insurance agent ' in the name of the term ' insurance intermediator '. A person who has been granted the Finance allowance to be an employee of the insurance broker is obliged to use the term ' insurance intermediary ' by the use of insurance intermediaries. Other terms, such as : "registered", "State Saudor" or "approved" cannot at the same time be added to the name. An insurance mediator may, in any way, be 1. Act. in enquiry to the public, special emphasis is given to the specialities of the company, such as insurance advice.
Paragraph 2. Other companies and persons shall not be allowed to use names or designations of their activities suitable to create the impression that they are insurance brokers or employees of insurance intermediaries.
Paragraph 3. However, in this country, an insurance broker or a person who is subject to section 43 may use the same name that the company or person uses in the home Member State. If there is a risk of confusion with a name that is already being used in this country, the SEC or the Corporate and Corporate Administration may call for an explanation of that addition to the name.
§ 12. An insurance intermediary may be undertaking other activities. This activity must be carried out in a business other than the insurance brokership. For this activity, a name must be used which is not to be confused with the insurance intermediaries.
Paragraph 2. When an intermediary undertaking agreement with an insurance undertaking to broker the insurance company ' s products, the intermediary undertaking shall inform the Finance-assurance undertaking accordingly. Chapter 6 on the registration and information requirements of the insurance undertakings shall apply to the relationship.
Paragraph 3. When an insurance broker is involved in agreement with an operator to broker the insurance products to which the insurance intermediary is in accordance with paragraph 1. 2 has concluded an agreement with an insurance undertaking to communicate, the intermediary undertaking shall inform the Finance-monitoring thereof. The rules laid down in Chapter 7 on Suboperatives apply to the relationship.
Chapter 3
Information obligations of insurance intermediaries and other ongoing reporting obligations
§ 13. Before a specific insurance contract is concluded, an insurance broker should at least provide the customer with information ;
1) on the name and address of the insurance broker,
2) on the register of the insurance intermediary and the employed of the intermediaries involved and how the registration can be checked ;
3) on whether or not the insurance intermediaries provide advice on the basis of an analysis of such a large number of the available insurance solutions as possible, see it in accordance with the rules applicable to the market. § 2, nr. ONE, ONE. link,
4) on the fact that the insurer has a direct or indirect percentage of more than 10%. of the voting rights or capital of a specific insurance undertaking, where this is the case,
5) the fact that a particular insurance undertaking or the parent undertaking of a particular insurance undertaking has a direct or indirect proportion of over 10%. of the voting rights or capital of the insurance undertaking, where this is the case, and
6) on how customers and other interested parties can complain of the insurance intermediaries and whether, where appropriate, there are extrajudicial redress procedures.
Paragraph 2. Before a specific contract of insurance is concluded, the intermediaries must, as a minimum, formulate the customer's requirements and requirements in writing, in particular on the basis of your own information. The insurance intermediaries must also provide written reasons for the advice given to the Customer on a particular insurance solution. This consultation is adapted to the complexity of the insurance solution being submitted.
§ 14. Before a specific contract of insurance is concluded, the intermediaries must conclude a written cooperation agreement with the customer, indicating the benefits of which the insurance intermediaries are to deliver. In the cooperation agreement, the two Parties shall agree upon the amount of the amount to be paid by the Customer or the owners of an insurance undertaking for the establishment of an insurance scheme or a framework agreement and for any such insurance undertaking ; other services during the first year of the term of the insurance.
Paragraph 2. The insurance mediator shall provide the Customer in writing once a year,
1) the total cost of the total cost of the use of the insurance intermediator in the year in question, and
2) the amount of any remuneration received by the intermeditor from third parties in connection with the case of customer relations.
§ 14 a. When an insurance broker is making an offer on insurance contracts for the Customer in one or more insurance undertakings, the insurance intermediary must at the same time provide the information to the insurance undertaking that are necessary for the provision of the insurance undertaking ; The insurance company may fix the price of the insurance. In the pension scheme, in the pension scheme, the insurance undertaking shall inform the insurance undertaking of the size of the fee agreed between the Customer and the Insurance Broker. At the same time, the insurance brokerage shall inform the insurance undertaking of the length of the period during which the Customer and the Insurance Broker have agreed that the fee is to be settled in the insurance premium. The period shall not exceed 3 years. The insurance company must settle this fee in the insurance premium and pay the fee to the insurance broker.
Paragraph 2. An insurance intermediary shall not receive a commission or any other remuneration from the insurance undertaking in relation to the specific customer relationship.
Paragraph 3. However, an insurance undertaking may, on behalf of the Customer, provide for the dissemination of the provisions of section 14 (3). 1, the amount referred to in the insurance broker-estate business. The Client and the insurance undertaking may also agree on the financing of your payment to the insurance intermediary.
Paragraph 4. Notwithstanding paragraph 1 2 an insurance intermediary is to receive a commission from an insurance undertaking which is not based or is established by a branch in this country. However, the insurance mediator is obliged to forward a received commission to the customer.
Section 14 b. The SEC may lay down rules concerning the procedures to be taken into account when an insurance scheme is sent in invitations to tender with one or more insurers.
§ 15. When an insurance broker is using only one or more specific insurance undertakings, without any explicit agreement with the insurance undertakings, the Customer must be made aware of this prior to a specific contract of insurance. In addition, the customer must be made aware of the access to the names of the insurance companies which are used by the insurance intermediary.
§ 16. The information referred to in section 13, 14 and 15 shall be provided in a clear and precise manner that is understandable to the customer and in Danish unless otherwise agreed between the parties. The SEC shall lay down detailed rules on how they shall be communicated to the Customer in sections 13, 14 and 15.
§ 17. An insurance broker represents the customer only.
Paragraph 2. An insurer may not directly or indirectly have such links with an insurance undertaking which is suitable to cast doubt on the insurance undertaking ' s independence from insurance undertakings, which are not a consequence of : the related ownership of the undertakings.
Paragraph 3. An employee insurance broker shall not, by means of recruitment or other affiliation, be subject to insurance companies or related undertakings to insurance companies or to their affiliates.
§ 18. An insurance intermediary and its employees shall not unduly disclose or exploit confidential information in the exercise of his duties by the intermediary in the exercise of his duties.
§ 19. Insurance mediation must be operated in accordance with a good business practice and good practice in the field of business.
Paragraph 2. The Minister for Economic and Business Affairs is setting out more detailed rules of practice and good practice.
20. An insurance intermediary must be insured against any economic requirement that may result from the profession.
Paragraph 2. An insurance intermediary must place trusted funds in a special client account and must establish appropriate security for these funds, cf. however, paragraph 1 3.
Paragraph 3. Duty in accordance with paragraph 1. 2 to insert trusted funds in a client account does not apply to the funds that relate to an insurance undertaking that issued a certificate of exemption to the insurance brokered business.
Paragraph 4. Claims for insurance intermediaries may be directed directly to the insurance undertaking where the insurance intermediary is insured.
Paragraph 5. The SEC shall lay down rules on the extent and nature of the business liability insurance and the nature and its time.
§ 21. The insurance broker shall report the revenue of the calendar year to the Financial Regulation with the specification of the allocation of revenue for insurance undertakings or insurance brokers and customers.
Paragraph 2. At the same time, the insurance mediator shall be required to submit the person referred to in paragraph 1. the declaration referred to in paragraph 20 (1) of the declaration referred to in paragraph 20 (1) shall be submitted by a state certified or registered auditor. 2, mentioned client account.
Paragraph 3. The SEC shall lay down detailed rules on the reporting in accordance with paragraph 1. 1.
Chapter 4
Involsion and loss of authorisations
§ 22. The SEC will include an insurance agent ' s authorisation if :
1) the company is requesting that,
2) no longer the liability insurance has been drawn ;
3) the insurer ' s undertaking shall be responsible for serious or repeated infringement of the provisions of this Act or rules issued under the law,
4) a member of the Management Board of the Insurance Broker, Executive Board, or the person responsible for the insurance intermediary, no longer be able to dispute his or her position in accordance with the rules of the undertaking. § 8 (3) 2,
5) the undertaking shall no longer employ at least one person with the Finance-synet permission to carry out the insurance mediation in accordance with the approval of the undertaking,
6) the insurance intermediary has not commenced no later than 12 months after the grant of the Financial Authority, or
7) that no insurance intermediary is carried out for a period of over six months.
Paragraph 2. The supervision of the financial supervision shall involve the authorisation of an employee insurance intermediaries, if :
1) the insurance agent is requesting that,
2) the insurance broker has been guilty of gross or repeated infringement of the provisions of this Act or rules issued under the law, or
3) the insurer may no longer be disputed in accordance with the situation. § 8 (3) 2.
Paragraph 3. A decision concerning the withdrawal of authorisation pursuant to paragraph 1. 1, no. Paragraph 3, or paragraph 3. 2, no. In the case of the decision, the decision shall be made for the courts. The application for a judicial review shall be received in the Financial supervision within four weeks after the decision has been notified to the person concerned. The SEC is making a case against the person concerned in the forms of the civil ilanthrope. The request for withdrawal of an involvement shall take effect unless the court takes a different decision.
Paragraph 4. Decision of cases covered by paragraph 1. 1, no. 4, and paragraph 1. 2, no. 3, shall be taken by the courts. Other decisions concerning the withdrawal of authorisation shall be taken by the Financial supervision.
Paragraph 5. Withdrawal of authorisation pursuant to paragraph 1. 2 may occur for a period of 1 to 5 years or so far. The authorisation may then be obtained again if the employee insurance intermediaries meets the conditions laid down in Article 8 (1). 2.
§ 22 a. The SEC may offer an intermediary undertaking to sell a director or the person responsible for the insurance intermediary within one of the Financial supervision established by the Financial Authority, if this is provided in section 8 (5). Two, can't fight the score.
Paragraph 2. The SEC may offer a member of the Management Board in an intermediary undertaking to lay down its duties within one of the Financial supervision provided for in Article 8 (1). Two, can't fight the recruits.
Paragraph 3. The SEC may offer an intermediary undertaking to sell a director or the person responsible for the insurance intermediary when charged with the person concerned in criminal proceedings against criminal offences, in the case of insurance intermediation or other financial legislation, until the criminal proceedings are decided if a conviction will mean that they do not comply with the requirements of section 8 (4). 2, no. 1. the SEC shall set a time limit for the compliance of the supply. The financial supervision may, under the same conditions as 1. Act. provide a member of the Management Board in an intermediary undertaking to lay down its duties ; the SEC of the Financial Authority shall set a time limit for compliance with the tender.
Paragraph 4. The duration of the buldup granted in accordance with paragraph 1. 2 on the basis of Article 8 (3). 2, no. 2 or 3 must appear on the supply.
Paragraph 5. Opens issued pursuant to paragraph 1. 1-3 may be submitted to the courts by the intermediaries of the insurance undertaking and by the person to whom it relates. Request to this effect must be submitted to the SEC, within 4 weeks of the invitation to tender for the person concerned. The request shall not affect the tender, but the court may, by ruling, determine that the director, the member of the governing board or the person responsible for the insurance office, shall be able to maintain his or his / her treatment ; Occupation or its position. The SEC will be deposits within 4 weeks of the case before the courts. The case is being put in the form of the right of civil justice.
Paragraph 6. The financial supervision may, by its own operation or after application, revoke an injunction notified pursuant to paragraph 1. 2 and paragraph 1. 3, 3. Act. If the Financial supervision an application for revocation is refused, the applicant may require the refusal to be submitted to the courts. Request to this effect must be submitted to the SEC, within 4 weeks of the refusal of the person concerned. However, the application for a judicial review may not be made only if the tender is not limited and has elapated at least five years from the date of issue of the tender, or at least two years after the revocation of the Financial Supply of the Financial Supply is confirmed by the judgment.
Paragraph 7. Paragraph 1-3 shall apply mutatis mutilated to an intermediary authorised by the Financial Authority to carry out an insurance mediation in an individual company ' s undertaking or as an employee in an insurance mediation, cf. § 6 and section 7.
Paragraph 8. If the insurance broker does not have the director or the person responsible for the insurance intermediaries, within one of the Financial Persitators, the Finance Board may include the undertaking ' s permit, cf. Section 22 (2). 1, no. 4. Financial supervision may also involve the undertaking ' s permit, cf. Section 22 (2). 1, no. 4 if a member of the board does not comply with an injunction in accordance with paragraph 1. Two and three.
-23. An insurance broker's permit lapses when the insurer is declared bankrupt or otherwise terminated in a different way.
Paragraph 2. An employee insurance broker's permit lapses when the insurance broker dies.
§ 24. Where the SEC has withdrawn an insurance undertaking ' s permit or the withdrawal of an insurance undertaking, the consent of the staff of the intermediaries shall also lapses unless the person concerned has received second tenure as a matter of fact ; an insurance agent or has requested that the authorisation shall be deposited in accordance with paragraph 1. 2.
Paragraph 2. An insurance broker may request his permission as an intermediary of the deposited. The authorisation may be renewed if the insurance intermediary meets the conditions laid down in section 6 or the employee of the insurance intermediary meets the conditions laid down in section 7.
§ 25. When the authorisation of an intermediary undertaking has been withdrawn or withdrawn, the insurer ' s undertaking shall cease. The operation of the second undertaking shall not be commended before the execution is completed.
Paragraph 2. In the case of withdrawal or withdrawal of a permit for an insurance broker or an employee of the insurance intermediary, the insurance broker or the employed person ' s register of insurance intermediaries shall be deleted from the insurance intermediary. The Management Board shall be informed of the involvement or withdrawal of authorisations for insurance intermediaries covered by section 10 (4). 2.
Chapter 5
Reinsurance Broker
SECTION 26. In the case of the reinsurance mediation activity, the rules laid down in Chapter 2, sections 18, 20 and 21 and Chapter 4 shall apply mutatis mutilated.
Paragraph 2. The SEC may lay down specific rules or deviations from paragraph 1. 1 taking into account the particular characteristics linked to the reinsurance mediation activities.
Chapter 6
Insurance and registration and awareness-raising obligations of insurance companies and management companies
§ 27. Companies and management companies engaged in insurance activities shall be registered, cf. paragraph Two and three.
Paragraph 2. Has the company or management company entered into an agreement on the distribution of insurance products for a Danish insurance undertaking, for a branch of an insurance undertaking authorised in another country within the European Union or in a country concluded by the Community in the financial sphere, or for an insurance undertaking which has been granted the financial supervision, the obligation to record the undertaking or the management company ' s insurance undertaking, or the branch. The insurance company or branch shall publish the registration in its register of the insurance agents.
Paragraph 3. In other cases than those referred to in paragraph 1. 2 the above shall be the responsibility of the recording of the Financial supervision. The SEC must publish the registration in its register of intermediaries.
Paragraph 4. The equation for registration includes
1) the insurance agent and the person or person responsible for the insurance intermediaries in the establishment ; or
2) an administration undertaking acting on behalf of several insurance undertakings, and the management company, or of the persons responsible for the insurance intermediary, in the management company.
Paragraph 5. The insurance agent or the management company must not disseminate the insurance company products before the insurance agent or administration company is registered.
Paragraph 6. The SEC shall lay down detailed rules on the duties of the insurance undertaking or the branch as registered in the register as specified in paragraph 1. 2.
§ 28. For the purposes of the GL-synet registration, after paragraph 27 (2), 3, the insurance agent or the management company shall submit a statement that :
1) the insurance agent or the management company shall be covered by insurance or a guarantee of a guarantee against any economic claim which may result from the insurance claim ;
2) one or more of the intermediary persons in the insurance agent or in the management company, which possess the general knowledge of the insurance intermediary, are responsible for the insurance undertaking ;
3) the persons employed in the insurance undertaking directly employed in the insurance office shall have an adequate knowledge of the insurance products provided, and
4) the persons covered by paragraph 1, In the case of 2 and 3, no criminal record shall be shown without imports of unconditional imprisonment for four months or more for infringement of the penal code section 171 on the forgery or section 276-290 on capital crimes.
Paragraph 2. For the purposes of the registration of the insurance undertaking or the branch after paragraph 27 (2), 2, the insurance agent or the management company shall submit the persons referred to in paragraph 1. 1, no. 2-4, said declarations.
Paragraph 3. In cases where the insurance undertaking or the insurance agent is in doubt whether an insurance intermediary agreement entails registration duty, the question of the insurance undertaking or the insurance company shall be submitted to the insurance undertaking, Financial supervision, which makes the decision.
Paragraph 4. The insurance company or the management company shall be required to give an account of the procedures to which the insurance agent or the management company shall apply to the fulfilment of the requirements referred to in paragraph 1. One and two.
Paragraph 5. The SEC shall lay down detailed rules on the extent and extent of liability insurance, cf. Section 20 (2). 5.
§ 29. Where the insurance intermediary agreement ends, the insurance undertaking or branch registered to the insurance undertaking or the management company pursuant to section 27 (2) shall be that : 2, delete the insurance agent or the management company of its records of the insurance agents.
Paragraph 2. Where the insurance intermediary contract expiates, the insurance agent or the management company shall inform the Finance-SEC when the SEC has registered the insurance agent or the management company pursuant to section 27 (s). 3. The SEC is subsequently erasing the insurance agent company or the management company of the insurance intermediaries.
-$30. The assurance undertaking shall make an annual statement to the Financial Authority that the business procedures and administrative procedures relating to the treatment of them pursuant to section 28 (2) ; 2, received declarations are defenseable.
§ 31. The SEC shall lay down detailed rules on the knowledge of which the person concerned is covered by section 28 (1). 1, no. 2 and 3, please sit.
§ 32. Insurance companies and management companies are covered by the rules that have been issued under the law of financial activities, to the extent that these rules regulate good practice in the insurance sector.
§ 33. At the same time as a specific insurance contract is concluded, the insurance agent or the management company must at least provide the customer with information ;
1) on the name and address of the insurance undertaking or the management company,
2) whether the register of the insurance agent or the management company is recorded and how the registration can be checked,
3) whether the insurance agent or the management company has a direct or indirect proportion of over 10%. of the voting rights or capital of a specific insurance undertaking, where this is the case,
4) the fact that a particular insurance undertaking or the parent undertaking of a particular insurance undertaking has a direct or indirect proportion of over 10%. of the voting rights or capital of the insurance agent or the management company, if that is the case, and
5) whether the insurance agent or the management company has concluded an agreement with one or more specific insurance companies in order to disseminate insurance products and that the Customer on request can be informed of the names of those products ; insurance undertakings.
§ 34. At the same time as a specific insurance contract is concluded, the insurance agent or the management company shall provide the Customer with information on the primary content of the insurance agreement. Information must be provided at the minimum.
1) on relevant rights under the meat-belled,
2) on possible other insurance cover ;
3) on the coverage of the insurance agreement,
4) on the term of the insurance agreement,
5) laying down conditions for the termination of the contract and
6) on the provisions applicable to the handling of complaints from the customer regarding the agreement, including the existence of a complainent body.
Paragraph 2. The customer shall be made aware of the insurance undertaking or the management company ' s commission or other payment due to the insurance intermediary. In addition, the insurance agent or the management company shall make the Customer aware of the availability of information, the size and query of the provisioning and the request of the remuneration.
$35. The information provided for in section 33 and 34 shall be provided to you in a clear and precise manner that is understandable to the customer and in Danish unless otherwise agreed between the parties. The SEC shall lay down detailed rules on how to be notified to the Customer in section 33 and 34 of the information provided.
Chapter 7
Registration and awareness-raising obligations of the sub-agents and management companies
§ 36. After an insurance company has entered into an agreement with an assistant company or an administration company on behalf of the insurance agent, the intermediary of the products to which the insurance agent has concluded an agreement with one or more in the register of insurance intermediaries, insurance companies or the management company shall be recorded in the financial system ' s register of intermediaries. The register is publicly available.
Paragraph 2. The equation for registration includes
1) the company ' s premises and the person responsible for the insurance intermediaries in the establishment ; or
2) an administration undertaking acting on behalf of several sub-contractors, and the management company or persons responsible for the management company.
§ 37. The agent company or the management company may not provide the insurance products to which the insurance agent has entered into an agreement with an insurance undertaking to communicate before the contractor or the management company is ; registered in the Financial supervision network of the insurance intermediaries. For the purposes of the financial system registration after paragraph 36 of the sub-organisation or administration company, the insurance agent or the management company shall state that the insurance agent or the management company has designated an insurance policy or is covered by a guarantee of security against any economic requirement resulting from the duties of the subordinated company or the management company as assets of insurance products on behalf of the insurance agent.
Paragraph 2. The agent company or management company must declare to the insurance agent or the management company that :
1) the person (s) in the sub-contractor or in the management company responsible for the provision of insurance holds the necessary general knowledge of the insurance intermediary,
2) the persons employed in the sub-agency undertaking are directly employed in the insurance office to have an adequate knowledge of the insurance products provided, and
3) the person concerned covered by no. 1 and 2 are not under bankruptcy and other than the employer has shown no import of unrestricted imprisonment for four months or more for infringement of the Penal Code section 171 on the forgery or section 276-290 on capital crimes.
Paragraph 3. In cases where the insurance agent or the sub-contractor is in any doubt as to whether an insurance intermediation agreement entails registration duty, the question shall be referred to the insurance agent or the agitator for the Financial supervision, that makes the decision.
Paragraph 4. The agent company or management company is obliged to give an account at the request of the Financial Authority to clarify the procedures to be applied to the maintenance of the requirements referred to in paragraph 1. 2.
Paragraph 5. The insurance agent or the management company shall make an annual statement to the Financial supervision that the business procedures and administrative procedures for the treatment of the procedures referred to in paragraph 1 shall be made. 2 declared declarations are defenders.
Paragraph 6. The SEC shall lay down rules on the extent and extent of liability insurance, cf. Section 20 (2). 5.
Paragraph 7. The financial supervision may lay down detailed rules on the form of declarations covered by paragraph 1. 1 and 2 shall be provided, including the opportunity to submit such statements on behalf of the insurance agent or the management company, on behalf of the insurance agent or the management company.
§ 38. When the contract between the insurance agent and the subservient company or the management company ceasedates, the insurance agent or the management company shall inform the Finance-SEC accordingly. The SEC shall delete the sub-agent company or the management company of the Finance Supply Register of the insurance intermediaries.
§ 39. The SEC shall lay down detailed rules on the knowledge and skills of the person concerned covered by section 37 (4). 2, no. 1 and 2, please sit.
§ 40. The subagent-company or management company shall be covered by the information obligations in section 33, nr. 1 and 2, and Section 34 about information to the customer.
Paragraph 2. The agent company or the management company shall also inform the Customer that an agreement has been reached with one or more insurance undertakings on the dissemination of the products of certain insurance undertakings, and that the Customer may, on request, be able to : obtain the names of these undertakings.
Chapter 8
Insurance Distributor
§ 41. Article 34 shall apply mutatis muted to insurance intermediaries carried out by insurance distributors.
Chapter 9
Cross-border business
§ 42. An insurance or reinsurance intermediary or an insurance agent or a subordinate undertaking wishing to conduct business in another country within the European Union or in a country to which the Community has concluded agreement ; in financial terms of the free movement of services or the provisions on freedom of establishment, notify this information to the Financial supervision,
1) in which country a branch is to be established and the branch ' s address ; or
2) in which country cross-border services are required to be offered.
Paragraph 2. The SEC shall forward the information to the competent authorities of the host country no later than 1 month after the notification to the competent authorities of the host Member State. Insurance intermediaries-, reinsurance intermediaries-, insurance agent or enteragent-premises may begin its operations 1 month after the date on which the SEC of the SEC has been notified of the forwarding of the one in 1. Act. the message concerned. However, insurance intermediaries, reinsurance intermediaries, insurance agent or enteragent-firm may start his business without delay if the host country does not wish to be informed.
§ 43. an insurance intermediary or reinsurance broker or an insurance agent or a subordinate undertaking registered in another country within the European Union or in a country to which the Community has concluded agreement ; financial area, may start undertaking in this country through a branch 1 month after the financial supervision of the competent authority of the home Member State has been notified of the undertaking ' s activities.
Paragraph 2. The SEC may lay down detailed rules for the branch and service activities of intermediaries authorised or registered in a country outside the European Union which the Community has not signed up for ; financial area. The SEC shall lay down the rules with regard to the deviations required by the branch to the branch or as determined in or under international agreement.
Chapter 10
Supervision, appeal and penalty
Supervision
§ 44. The SEC is observance of this law and on the rules that have been issued under the law.
Paragraph 2. The Financial Company Council shall be included in the supervision of paragraph 1. 1 with the competence laid down by the Council pursuant to section 345 (1). Two, in the law of financial activities.
Paragraph 3. The financial supervision may provide an injunction on the correction of conditions in violation of section 19 (1). 1.
Paragraph 4. The financial supervision may provide an insurance undertaking or a branch of a branch to regularly update its register of insurance undertakings and management companies, cf. § 27, paragraph. Article 29 (2) and Section 29 (2). 1.
§ 45. The Economic and Industry Minister shall lay down detailed rules for the use of digital communications, including electronic signatures, by exchanging information on the basis of this law between citizens and businesses on the one hand and public administration ; the other side and the retention of information.
§ 46. The SEC may carry out studies which are suitable to promote the transparency of the insurance intermediation area. The financial supervision may, independently or in cooperation with other public authorities, publish the results of such investigations.
Paragraph 2. Companies and persons covered by a study shall be made aware of the results.
Paragraph 3. The people in paragraph 3. 2 the establishments and persons referred to shall be entitled to be recorded in summary notes for the conclusions of the examination in relation to the publication of these, if the explanatory notes were received in the Financial supervision no later than 1 month after the debacles ; the reception of the survey results.
§ 47. Insurance and reinsurance intermediaries, an employee insurance broker, insurance agent and sub-premises, including management companies, and insurance distributors, shall provide the Financial supervision of the information requested by the Financial Regulation, they are required for the activities of the acidity.
Paragraph 2. The SEC shall also have access to call for natural and legal persons all information necessary for the assessment of their activities to be subject to the provisions of the law.
§ 48. In calculating the time limits laid down pursuant to this law, or in the rules adopted pursuant to the law, the applicable financial undertaking shall apply mutatis 357.
§ 49. Section 354 and 356 of the Financial Enterprise Act of Finance are applicable to the Finance-Finance company.
Paragraph 2. Paragraph 1 shall not, however, apply to information in matters relating to :
1) Good practice, cf. section 19 and notices issued in accordance with them,
2) the parties responsible for the provision of information by insurance intermediaries prior to the conclusion of insurance contracts, cf. § 13,
3) the duty of the insurance intermediaries to conclude a cooperation agreement, cf. § 14,
4) the fee of insurance intermediaries, cf. § 14 (1) (a) ONE, FIVE. pkt., paragraph 2 and paragraph 1. FOUR, TWO. pkt.,
5) the obligation of the insurance intermediary to provide information on the insurance undertakings to be used, cf. § 15,
6) the parties responsible for providing information to the insurance undertakings and the parties to the administration, when signing contracts, cf. § 33 and § 34,
7) the parties responsible for providing information to the parties or the administration companies, when entering into the contract of insurance contracts, cf. § 40, and
8) parties responsible for providing information, cf. notices issued on the basis of sections 16 and section 35.
§ 49 a. Decisions taken pursuant to section 345 (3). 2, in the law of financial activities, cf. The section 44 of this law must be made public. 1. Act. also applies to decisions to surrender cases to police investigation, cf. however, paragraph 1 2. The publication shall include the company name.
Paragraph 2. Publication under paragraph 1. However, 1 cannot be done if it would result in a disproportionate amount of damage to the company or the investigation of its publication. The publication shall not contain confidential information on customer relations or information covered by section 12 (3). One, in the law of public opinion in the administration. The publication shall not contain confidential information arising from the financial supervisory authorities of other countries within or outside the European Union, unless the authorities which have supplied the information have given express express ; Permission.
Paragraph 3. If publication is not in accordance with paragraph 1, TWO, ONE. .. shall be published in accordance with paragraph 1. 1, when the reasons required for the rescue are no longer applicable. However, this shall apply only to two years after the decision has been taken.
§ 49 b. The SEC must inform the public about cases dealt with by the Financial Affairs, Public Prosecutor or the courts, and which are of general interest or of relevance to the understanding of the following provisions :
1) Good practice, cf. section 19 and notices issued in accordance with them,
2) the parties responsible for the provision of information by insurance intermediaries prior to the conclusion of insurance contracts, cf. § 13,
3) the duty of the insurance intermediaries to conclude a cooperation agreement, cf. § 14,
4) the fee of insurance intermediaries, cf. § 14 (1) (a) ONE, FIVE. pkt., and paragraph. FOUR, TWO. pkt.,
5) the obligation of the insurance intermediary to provide information on the insurance undertakings to be used, cf. § 15,
6) the parties responsible for providing information to the insurance undertakings or the parties to the administration, when signing contracts, cf. § 33 and § 34,
7) the parties responsible for providing information to the parties or the administration companies, when entering into the contract of insurance contracts, cf. § 40, and
8) parties responsible for providing information, cf. notices issued on the basis of sections 16 and section 35.
Paragraph 2. The financial supervision must also inform the public about the name of a company that violates the prohibition on the use of insurance intermediation without authorisation, cf. § 4 and section 26. The same applies to infringements of the requirement for registration in section 27 and section 36.
$50. As part of the Financial supervision, they are considered only by sections sections 4 and 26, section 27 (4). 4, section 28 (4). 3, section 36, paragraph. 2, section 37, paragraph. 3, and section 41 involved undertakings and persons approved by the Financial Decision pursuant to this Act or rules issued under the law, subject to the law, cf. however, paragraph 1 2.
Paragraph 2. In addition, as a party to the Financial supervision, in the case of the relevant part of the case,
1) the operator of the non-authorisation insurance intermediary, cf. § 4,
2) a company or a person applying for the authorisation to exercise the insurance or reinsurance mediator, cf. ~ § 5-7 and 26,
3) a member of a company ' s management board or board of directors or persons responsible for the insurance intermediary when the supervision denies a company ' s authorization to carry out insurance and reinsurance intermediary activities ; or include such authorisation, cf. Section 5 (5). Paragraph 1, and section 22 (2). 1, no. 4,
4) the name or description of the law in the name or designation of an undertaking which are subject to the exclusive rights of insurance or reinsurance intermediaries, cf. sections 11 and 26, and
5) a natural or legal person, which the Financial supervision requires, for the assessment of whether this is subject to the provisions of this law, cf. § 47, paragraph. 2.
Paragraph 3. (Repears)
§ 51. (Aphat)
§ 52. Insurance and reinsurance intermediaries under the supervision of this law shall pay tax to the SEC in accordance with Chapter 22 of the Act on financial activities.
Anke
§ 53. Decisions taken by the Financial Regulation pursuant to the law or rules issued under the law may, on the basis of which the decision may correct, be submitted to the Vocational Board within four weeks after the decision has been notified to the person concerned.
Penalty provisions
§ 54. Inherit of the provisions of section 4, section 11, paragraph 1. One and two, section 13, section 14, section 14 (a) (1). ONE, FIVE. pkt., paragraph 2 and paragraph 1. FOUR, TWO. pkt., section 15, § 17, § 18, section 20, section 20, section 20, section 20, section 20 One-three, paragraph 27, paragraph 27. 2 and 5, section 28 (3). 1, 2 and 4, section 29 (4). TWO, ONE. pkt., section 33, section 34, section 36, section 37 (3). The provisions of paragraphs 1, 2, 4 and 5, 40 and section 41 shall be punished by penalty unless higher penalties are inflited on the other legislation. Penis punished.
1) the one that does not comply with an injunction in accordance with section 22 (a) (1). 1 and 2,
2) an insurance intermediary which does not comply with an injunction given in accordance with section 44 (3). 3,
3) an insurance undertaking or a branch that does not comply with an injunction given in section 44 (3). 4.
Paragraph 2. In accordance with the law, penalty penalties may be laid down for breach of the rules laid down in the rules.
Paragraph 3. Companies can be imposed on companies, etc. (legal persons) punishable by the rules of the penal code 5. Chapter.
Chapter 11
Entry into force and transitional provisions, etc.
§ 55. The law shall enter into force on 1. January 2005, cf. however, paragraph 1 2. At the same time, the insurance intermediation rule shall be repealed, cf. Law Order no. 983 of 5. December 2003.
Paragraph 2. Notwithstanding paragraph 1 ONE, TWO. PC, shall remain entitled to an insurance intermediary or an insurance agent in accordance with section 3 (3). Paragraph 3, paragraph 3, or section 3. 1, cf. Section 4 (4). 7, in the Law on Insurance intermediation, cf. Law Order no. 983 of 5. December 2003, into force.
Paragraph 3. Notwithstanding paragraph 1 ONE, TWO. PC, shall remain entitled to an insurance intermediary or an insurance agent under Article 34 (2). 2, in the Law on Insurance intermediation, cf. Law Order no. 983 of 5. December 2003, into force until 1. April 2005.
Paragraph 4. Administrative requirements issued pursuant to the provisions of paragraph 5 of this Article. ONE, TWO. the provisions of the said law shall remain in place until they are repealed or replaced by rules issued under this law.
§ 56. A company or person who, on 1, In January 2005, reinsurance intermediaries are engaged and have submitted an application for authorisation to the Financial Regulation by 1. In July 2005, may continue until the SEC has taken a decision, irrespective of the fact that :
1) the person responsible for the insurance intermediaries does not meet the conditions laid down in section 9 (1). 1, or
2) the employed insurance intermediaries do not comply with the conditions laid down in section 9 (3). 2.
Paragraph 2. An insurance agent and subagent-agency or administration company that is 1. In January 2005, insurance and the persons responsible for the insurance intermediaries are engaged in an undertaking and persons who, as employees of the insurance agent and the sub-contractors, are directly involved in the insurance intermediaries, continue to do so, irrespective of the conditions laid down in section 28 (1). Rule 37 (1) and 37 (3). 2, not met, cf. paragraph 3 and 4.
Paragraph 3. Insurance companies must before 1. In July 2005, records of insurance undertakings concluded with the sale of insurance products in their register of insurance intermediaries shall record the registration of the insurance undertakings.
Paragraph 4. The insurance company or the management company shall not later than 1. April 2005 to the Financial supervision provide name, cvr no. and address of the sub-agency undertakings or the management companies that have been agreed on the dissemination of the products of insurance undertakings to which the insurance agent or management company has concluded an agreement with one ; the insurance company to convey. In addition, the insurance agent or the administration company must provide a name for the person responsible for the insurance agent or the persons responsible for the insurance intermediary in the company ' s company or management company. Financial supervision must be before 1. In July 2005, the relevant sub-agency undertakings and the management companies in the Financial supervision network shall record the register of intermediaries of insurance intermediaries.
§ 56 a. A company or a person who can demonstrate to the Financial supervision that the person concerned before 1. In January 2005, insurance advice may continue this company if the company or person no later than 1. In October 2006, the Finance Board shall apply for authorization after Article 4. This applies, regardless of
1) the person or persons responsible for insurance in the establishment do not meet the conditions laid down in section 9 (3). 1, or
2) the staff of the insurance advisers do not meet the conditions laid down in section 9 (4). 2.
Paragraph 2. The right to exercise insurance advice in accordance with paragraph 1. 1 shall lapses on 1. January, 2011, unless the person concerned shall submit proof that they meet the requirements for theoretical training in accordance with section 9 (4). One or two.
§ 57. The law does not apply to the Faroe Islands and Greenland, but can, by means of a royal device, be put into force for Greenland, with the deviations from which the special Greenland conditions are concerned.
Law No 1383 of 20. In December 2004, the following entry into force shall include :
§ 17
Paragraph 1. The law shall enter into force on 1. January 2005, cf. however, paragraph 1 2-4.
Strike two-four. (Excluded)
§ 18
Paragraph 1. The law does not apply to the Faroe Islands and Greenland, cf. however, paragraph 1 Two and three.
Strike two-three. (Excluded)
Law No 604 of 24. June 2005 shall include the following entry into force :
§ 5
Paragraph 1. The Act shall enter into force on the day following the announcement in the law in Juditsiding, cf. however, paragraph 1 2.
Strike two-three. (Excluded)
§ 6
Paragraph 1. (Excluded)
Paragraph 2. Section 4 does not apply to the Faroe Islands and Greenland, but can, by means of a king, power in Greenland with the deviations from which the special Greenland conditions are worded.
Law No 524 of 7. June 2006 includes the following entry into force and transitional provisions :
§ 2
Paragraph 1. The law shall enter into force on 1. July 2006, cf. however, paragraph 1 Two and three.
Paragraph 2. The obligation to provide information as referred to in Article 14 (1). 2, as drawn up in section 1 of this law. 3, enter into force on 1. July, 2007.
Paragraph 3. The transitional rule for insurance advisers after section 56 a as written in section 1, no. 10 shall enter into force on the day following the notice in the law and shall take effect from 1. January 2005.
§ 3
Paragraph 1. Receiving an insurance broker undertaking commissions or other charges associated with the specific customer relationship in accordance with the agreement entered into before 1. In July 2006, with an insurance undertaking, section 14 (a) (1) (a), 2, as drawn up in section 1 of this law. 4, use from 1. July, 2011.
Paragraph 2. Notwithstanding paragraph 1 1, an insurance intermediary shall not receive commissions or other remuneration from an insurance undertaking in the provision of new occupational pension schemes ;
1) after the 1. July 2007, provided that the total annual premium amounts to 4 million. DKK or more, and
2) after the 1. July 2009, provided that the total annual premium amounts to 2 million. DKK or over there.
Paragraph 3. The agreement referred to in paragraph 1 shall be amended. 1, section 14 (a) (a), 2, as drawn up in section 1 of this law. 4, apply to the revised agreement.
Paragraph 4. The insurance companies must not later than 1. In August 2006, the Financial Authority shall inform the Financial Authority of the extent to which they have agreements with insurance intermediaries on the payment of commissions or other charges covered by paragraph 1. If an insurance undertaking has such contracts, the insurance undertaking shall, once a year, report their number and indicate the insurance undertakings to which the agreements have been concluded. The report shall be carried out by the 1. July, the first time per month. 1. July 2006. The report shall be received in the Financial supervision by 1. August. The reports will be published on the GL of the financial system.
Paragraph 5. The insurance intermediaries shall notify you in writing of contracts subject to paragraph 1. 1 and which are relevant to the specific customer relationship. This applies both to the establishment of new cooperation agreements and in the case of changes to existing cooperation agreements.
Paragraph 6. Intireation of paragraph 1 2, 4 and 5 shall be punished by fine, unless higher penalties are imposed on the other legislation. Companies can be imposed on companies, etc. (legal persons) punishable by the rules of the penal code 5. Chapter.
§ 4
The law does not apply to the Faroe Islands and Greenland, but can, by means of a royal device, be put into force for Greenland, with the deviations from which the special Greenland conditions are concerned.
Law No 108 of 7. February 2007 includes the following entry into force and transitional provisions :
§ 21
Paragraph 1. The law shall enter into force on 1. November, 2007, cf. however, paragraph 1 3-7.
Paragraph 2. (Excluded)
Paragraph 3. § 1, no. 88, section 3, no. 1, 3, 11, 24, 27, 30, 40-43, 58, 61, 62, 68, 69, 76, 81, 83, 85 and 86, section 6, nr. One-nine, seven, eight, number. 3, 8 and 9, section 9, nr. 6 and 7, section 10, no. 6, section 11 to 15, enter into force on the 15th. February 2007.
Paragraph 4. (Excluded)
Paragraph 5. (Excluded)
Paragraph 6. § 1, no. 88, section 3, no. 62, section 11, no. 1, section 12, nr. Twelve, and $13, number. 2 shall have effect from 1. January 2006.
Paragraph 7. (Excluded)
§ 22
(Excluded)
§ 23
Paragraph 1. The law does not apply to the Faroe Islands and Greenland, cf. however, paragraph 1 Two and three.
Paragraph 2. (Excluded)
Paragraph 3. sections 7, 10-12 and 16 may, in the case of Greenland, be implemented in full or in part by virtue of the deviations from which the special Greenland conditions are attributed.
Paragraph 4. (Excluded)
Law No 515 of 17. June 2008 shall include the following entry into force :
§ 10
Paragraph 1. The law shall enter the krat on 1. July 2008, cf. however, paragraph 1 2.
Paragraph 2. (Excluded)
§ 11
Paragraph 1. The Loven's § § 1-5 and 7-9 does not apply to Faeroe Islands and Greenland, cf. however, paragraph 1 2-4.
Paragraph 2. (Excluded)
Paragraph 3. (Excluded)
Paragraph 4. sections 1-5 and 9 may be put into force in whole or in part for Greenland, with the deviations from which the special Greenland conditions are attributed.
Law No 517 of 17. June 2008 shall include the following entry into force :
§ 13
Paragraph 1. The law shall enter into force on 1. July 2008, cf. however, paragraph 1 2-5.
Paragraph 2. (Excluded)
Paragraph 3. (Excluded)
Paragraph 4. (Excluded)
Paragraph 5. (Excluded)
§ 14
Paragraph 1. The law does not apply to the Faroe Islands and Greenland, cf. however, paragraph 1 Two and three.
Paragraph 2. (Excluded)
Paragraph 3. sections 3-5 and 9 may, by means of a royal contraption, be fully or partially put into force for Greenland, with the deviations from which the special Greenland conditions are attributed.
The Ministry of Economic and Business, the 18. September 2008
Lene Espersen
/ Peter Sylvest Larsen
1) The law provides for the implementation of Directive 2002//92/EC of the European Parliament and of the Council of 9. In December 2002 on the insurance intermediaries, no. L 9, s. 3) (Insurance intermediation Directive)
