insurance distribution

Uses as of 10/03/2017

Definitions over time (1)

22/02/2016 – 23/02/2018 applies on 10/03/2017 Article 2, Insurance Distribution Directive (IDD) Scope: Whole act

‘insurance distribution’ means the activities of advising on, proposing, or carrying out other work preparatory to the conclusion of contracts of insurance, of concluding such contracts, or of assisting in the administration and performance of such contracts, in particular in the event of a claim, including the provision of information concerning one or more insurance contracts in accordance with criteria selected by customers through a website or other media and the compilation of an insurance product ranking list, including price and product comparison, or a discount on the price of an insurance contract, when the customer is able to directly or indirectly conclude an insurance contract using a website or other media;

Each has its own scope, dates and uses. Open one to see when it applies.