General Good Rules

The "general good" rules applicable to insurance distribution by insurance undertakings in Germany ('General good' rules - Art. 11 IDD)

Pursuant to Article 11(1) of Directive (EU) 2016/97 of the European Parliament and of the Council of 20 January 2016 on insurance distribution (IDD), Member States shall ensure appropriate publication by their competent authorities of the relevant national legal provisions protecting the general good, including information about whether and how the Member State has chosen to apply the stricter provisions provided for in Article 29(3), which are applicable to the carrying on of insurance and reinsurance distribution in their territories.

Requirements for Insurance and Reinsurance Intermediaries

The relevant national requirements that need to be followed by insurance brokers and advisors (Versicherungsvermittlern/-beratern).

Regulations on Insurance Distribution

The relevant national regulations on insurance distribution have been published by the Federal Financial Supervisory Authority (BaFin) on its homepage.