Insurance Distribution Rules applicable as from 1st October 2018


Insurance Distribution Rules issued under the Insurance Distribution Act (CAP. 487)

  Exercise of options under the Insurance Distribution Directive

  Introduction

  Table of Contents

PART A – Authorisation Requirements applicable under the Insurance Distribution Act

  Chapter 2: The Application Process of Tied Insurance Intermediaries and Ancillary Insurance Intermediaries

  First Schedule – Registration of persons carrying out tied intermediaries activities

  Second Schedule – Registration of persons carrying out ancillary intermediaries activities with an authorised undertaking

  Third Schedule – Registration of persons carrying out ancillary intermediaries activities with an enrolled insurance broker

  Fourth Schedule – Application for Persons to be entered in the Tied Insurance Intermediaries List (in relation to local Insurance Undertakings or enrolled insurance agents)

  Fifth Schedule – Application by a European Insurance Undertaking or an insurance intermediary registered under Article 3 of the Insurance Distribution Directive (Directive (EU) 2016/97) for enrolment of persons in the Tied Insurance Intermediaries List

  Sixth Schedule – Application for Persons to be entered in the Ancillary Insurance Intermediaries List (in relation to local Insurance Undertakings or enrolled insurance agents)

  Seventh Schedule – Application by an Insurance Broker enrolled under the Act for the enrolment of persons in the Ancillary Insurance Intermediaries List

  Eight Schedule – Application by a European Insurance Undertaking or an insurance intermediary registered under Article 3 of the Insurance Distribution Directive (Directive (EU) 2016/97) for enrolment of persons in the Ancillary Insurance Intermediaries List

  Ninth Schedule – Particulars of persons carrying out tied insurance intermediaries activities

  Tenth Schedule – Particulars of persons carrying out ancillary insurance intermediaries activities

PART B – Conditions for carrying out Insurance Distribution Activities and Reinsurance Distribution Activities