Permit for insurance intermediaries

If you would like to work as a self-employed ancillary insurance intermediary, you can be exempted from the licensing requirement for insurance intermediaries.

Product-accessory insurance intermediaries can apply for exemption from the licensing requirement.
Natural and legal persons (e.g. limited liability companies) can apply for exemption from the license requirement. Partnerships require a separate license exemption for each managing partner.

Product-accessory insurance intermediaries who are exempt from the licensing requirement must still register and be entered in the register of intermediaries.

Your local IHK

The responsibility lies with the Chamber of Industry and Commerce (IHK), in whose district the business has its registered office.

This procedure can also be carried out through a "Point of Single Contact". The "Point of Single Contact" is a special service offered by municipalities and the state for service providers.

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• Insurance is only brokered in addition to other products and services.
  • Example: A car dealer also brokers car insurance when selling cars.
• The activity as an insurance intermediary is carried out directly
  • on behalf of an insurance intermediary or several intermediaries with a license or
  • on behalf of one or more insurance companies.
• Proof of financial loss liability insurance with the following requirements:
  • The minimum sum insured is EUR 1.13 million per insured event or EUR 1.7 million for all insured events per year.
  • The insurance is valid in all member states of the European Union (EU) and in the EEA states.
• The client makes a declaration regarding
  • personal reliability,
  • the qualifications and
  • the orderly financial circumstances of the insurance intermediary.

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You can apply for the permit exemption in writing:

• Download the application form from the website of your local Chamber of Industry and Commerce. Fill it out completely.
• Then send it with the required documents to your local IHK.
• As soon as you have provided all the information and the documents are complete, the IHK will decide on your application.
• After a positive review, you will receive the license exemption and, if applicable, be entered in the insurance intermediary register.
• The granted license exemption is valid indefinitely. It only ends if you waive it. Under certain circumstances, the IHK can revoke or withdraw the license exemption and have you deleted from the register of intermediaries.

Note: As a rule, your local Chamber of Industry and Commerce also offers an online procedure.

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Fees are payable in accordance with the fee regulations of the competent authority.

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none

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