Annual obligations

According to the sectoral provisions intermediaries, when pursuing insurance and reinsurance distribution activities, are required to comply with some annual obligations. In detail:

  • the persons registered under section A or F are required

    - to pay the supervisory fee;
    - to renew their professional indemnity insurance contract, except for cases of multi-year contracts.

NOTICE: the renewal of the contract or the confirmation of the validity of the multi-year contract shall be communicated, by 5 February of each year, using the PDF electronic form, which shall be downloaded, filled in offline, digitally signed and sent as an attachment by certified electronic mail (PEC) exclusively to the address istanze.rui@pec.ivass.it. After 90 days have elapsed, the intermediary is shown as non operating.

  • the persons registered under section B are required

    - to pay the supervisory fee;
    - to pay the contribution to the Guarantee Fund (for further information you can consult the website www.consap.it);
    - to renew their professional indemnity insurance contract, except for cases of multi-year contracts.

NOTICE: the renewal of the contract or the confirmation of the validity of the multi-year contract shall be communicated, by 5 February of each year, using the PDF electronic form, which shall be downloaded, filled in offline, digitally signed and sent as an attachment by certified electronic mail (PEC) exclusively to the address istanze.rui@pec.ivass.it. After 90 days have elapsed, the intermediary is shown as non operating.

  • the persons registered under section C or D are required

    - to pay the supervisory fee.

  • the persons registered in sections A, B, D or F, as an alternative to the obligation to keep segregate assets, may - by means of a bank guarantee - document on a permanent basis a financial capacity equal to 4% of collected premiums, with a minimum of 19,510 euro, as laid down in articles 117 (3-bis) of the CAP and 64 of IVASS Regulation no. 40 of 2 August 2018 as amended by Delegated Regulation (EU) 2019/1935. For further details please visit the page Single Register of Intermediaries, within the sections of the intermediaries concerned in.