Post by account_disabled on Dec 12, 2023 3:34:10 GMT
As part of its competences and activities the Polish Financial Supervision Authority supervises the insurance sector and the institutions that operate in it. The current provisions of applicable law Insurance Distribution Act of December are the basis for the possibility of carrying out an inspection by the Polish Financial Supervision Authority in the scope of insurance intermediation activities and more specifically brokerage activities. Scope of control of an insurance broker The inspection of an insurance broker includes verification of the level of compliance of his activities with the law as well as his financial status. All activities and supervisory activities of the Polish Financial Supervision Authority may be carried out comprehensively or in the context of suspicions of irregularities.
So what can be subject to control of brokerage activities. Organization of brokerage activities and distributed insurance products the broker's internal regulations and procedures insurance sales strategy cooperation with other entities in the field of insurance Email Marketing List distribution as well as compliance with legal requirements such as among others are verified. no criminal record or compulsory civil liability insurance for the broker. Solutions to prevent conflicts of interest. Rules for remunerating the broker and persons performing brokerage activities OFWCB brokerage agreements concluded by the broker with insurance companies as well as other agreements regarding mutual settlements between the broker and other entities may be subject to control.
Broker supervision of OFWCB. The process of creating insurance products taking into account the principles of cooperation between the broker and insurance companies. Fulfillment of information and training obligations. Analyzing customer needs APK and preparing offer recommendations the inspection verifies the method and form of conducting APK and recommending the most appropriate contract with justification. Handling customer complaints and complaints. The area of brokerage activity supervised by the Polish Financial Supervision Authority seems to be very extensive.
So what can be subject to control of brokerage activities. Organization of brokerage activities and distributed insurance products the broker's internal regulations and procedures insurance sales strategy cooperation with other entities in the field of insurance Email Marketing List distribution as well as compliance with legal requirements such as among others are verified. no criminal record or compulsory civil liability insurance for the broker. Solutions to prevent conflicts of interest. Rules for remunerating the broker and persons performing brokerage activities OFWCB brokerage agreements concluded by the broker with insurance companies as well as other agreements regarding mutual settlements between the broker and other entities may be subject to control.
Broker supervision of OFWCB. The process of creating insurance products taking into account the principles of cooperation between the broker and insurance companies. Fulfillment of information and training obligations. Analyzing customer needs APK and preparing offer recommendations the inspection verifies the method and form of conducting APK and recommending the most appropriate contract with justification. Handling customer complaints and complaints. The area of brokerage activity supervised by the Polish Financial Supervision Authority seems to be very extensive.