COVID-19 Emergency - Extension to the deadline for complying with the professional update requirements for intermediaries

Category
Intermediaries
Description

IVASS has received some requests by insurance intermediary trade associations to reduce the hours of compulsory professional update for intermediaries for 2020, or to extend the deadline (31 December 2020) to complete them.

The requests are based on organizational difficulties resulting from the lockdown and, more in general, from the COVID-19 health emergency.

On account of the importance of the professional update for consumer protection, IVASS believes that an extension to the deadline for complying with the requirements envisaged under the regulations in force may represent a better solution to reconcile the various interests involved.

Therefore, by way of exception, the professional update for 2020 may be completed by 31 March 2021.

Issue date
1 October 2020