Règlement grand-ducal du 24 novembre 2005 concernant les modalités d'agrément et d'exercice des intermédiaires d'assurances et de réassurances. | http://data.legilux.public.lu/eli/etat/leg/rgd/2005/11/24/n2/jo — Luxembourg law | Esheria

Règlement grand-ducal du 24 novembre 2005 concernant les modalités d'agrément et d'exercice des intermédiaires d'assurances et de réassurances.

This preamble introduces a Grand-Ducal regulation on the approval and practice of insurance and reinsurance intermediaries.

AI-assisted research synopsis — verify against the official legal text below.

Jurisdiction
Luxembourg
Instrument
Regulation
Citation
http://data.legilux.public.lu/eli/etat/leg/rgd/2005/11/24/n2/jo
Status
Repealed
Version
Undated source snapshot
Language
fr
Updated
Official source
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Statute overview

About this statute

This preamble introduces a Grand-Ducal regulation on the approval and practice of insurance and reinsurance intermediaries. Insurance brokers and sub-brokers must have a professional residence in Luxembourg, and candidates must pass the required knowledge exam. The Commissariat sets the exam programme and details. A broker licence application must be sent to the Commissariat and include specified identity, background, insurance, and fee documents; sub-broker applications are filed by the broker or brokerage company. The Minister decides admissibility and notifies refusals in writing. Certain public-sector employees are not allowed to act as insurance brokers or sub-brokers unless they receive a special exemption. A candidate insurance broker must take a level 2 insurance intermediary knowledge exam unless exempt.