ancillary insurance intermediary

Uses as of 22/02/2016

Definitions over time (1)

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

‘ancillary insurance intermediary’ means any natural or legal person, other than a credit institution or an investment firm as defined in points (1) and (2) of Article 4(1) of Regulation (EU) No 575/2013 of the European Parliament and of the Council ( 12 ), who, for remuneration, takes up or pursues the activity of insurance distribution on an ancillary basis, provided that all the following conditions are met: the principal professional activity of that natural or legal person is other than insurance distribution; the natural or legal person only distributes certain insurance products that are complementary to a good or service; the insurance products concerned do not cover life assurance or liability risks, unless that cover complements the good or service which the intermediary provides as its principal professional activity;

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