Following the implementation of the Insurance Distribution Directive in Belgium, a new Royal Decree dated 18 June 2019, implementing new rules
In theory, insurance services are harmonised at the EU level. Insurance companies and intermediaries alike may easily ‘passport’ their domestic licences across the entire EEA
On 21 November 2018 and 7 March 2019, we issued newsletters (respectively available here and here) regarding the Belgian proposal to create a new regulatory framework for managing general agents (“MGAs”) in Belgium (“Proposal”).
On 21 November 2018, we issued a newsletter (accessible here) regarding a draft law amending the law of 4 April 2014 on insurance, which will create a new regulatory framework for managing general agents (“MGAs”) in Belgium (“Proposal”). However, the proposed definition of “insurance underwriter” provoked reaction from the industry and further clarification was required.
On 20 January 2016, the European Council adopted the Insurance Distribution Directive (IDD). The purpose of this directive was to create a level playing field among the distributors of insurance products, to strengthen the confidence of customers
On 14 November 2018, the Belgian parliament finally adopted the draft law (“Draft Law”) implementing Directive 2016/97/EU on insurance distribution (“IDD”) in Belgium. IDD repeals and replaces Directive 2002/92/EC on insurance mediation (“IMD”)
Dans notre actualité publiée le 17 septembre dernier, nous attirions votre attention sur le fait que la loi du 31 mai 2017 (relative à l’assurance décennale obligatoire des architectes, entrepreneurs et autres prestataires de services dans le secteur de la construction) était entrée en vigueur le 1er juillet 2018.
On 4 October 2018, the Belgian government finally submitted its draft law (“Draft Law”) implementing Directive 2016/97/EU on insurance distribution (“IDD”) in Belgium.
On 20 January 2016, the European Council adopted the Insurance Distribution Directive (IDD). The purpose of this directive was to create a level playing field among the distributors of insurance products, to strengthen the confidence of customers
The Central Point of Contact (“CPC”), which is held by the National Bank of Belgium, is a register of bank accounts and financial contracts.
At present, the CPC includes information about bank accounts held in Belgium by both resident and non-resident natural and legal persons, and about bank accounts held abroad by Belgian resident natural persons.
