Authorisation for insurance intermediaries Exemption

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.

• Find your Point of Single Contact

• Insurance is only brokered in addition to other products and services.
  • Example: A car dealer also arranges car insurance when selling cars.
• The activity as an insurance intermediary takes place directly
  • on behalf of one or more insurance intermediaries with permission, or
  • on behalf of one or more insurance undertakings.
• Proof of financial loss liability insurance with the following requirements:
  • The minimum sum insured is 1.13 million euros per insured event or 1.7 million euros for all insured events per year.
  • The insurance is valid in all member states of the European Union (EU) as well as in the EEA states.
• The client submits a declaration about:
  • personal reliability,
  • the qualification and
  • the orderly financial circumstances of the insurance intermediary.

• completed application form
• Copy of identity card or comparable identification document
• for proof of entrepreneurial legal form:
  • Company headquarters in Germany:
    • for companies entered in a register: extract from the commercial register or the partnership register
    • otherwise a copy of the articles of association (e.g. in the case of a civil-law partnership (GbR))
  • Company headquarters abroad:
    • Documents from the home country proving the legal form
• Declaration by the client on the personal reliability, qualifications and orderly financial circumstances of the insurance intermediary/
• Proof of the existence of financial loss liability insurance (certificate from an insurance company licensed in Germany)

In the case of legal entities (GmbH, corporate companies, AG, registered cooperatives), the application form only needs to be completed for the legal entity. All personal documents must be submitted for all natural persons authorised to manage the company (e.g. personal documents). An extract from the Central Trade Register is also required for the legal entity.

Partnerships (GbR, KG, OHG, PartG, GmbH & Co. KG) are not eligible for permission as such. Therefore, every managing partner requires permission. For each of these persons, a completed application form and all personal documents must be submitted.

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

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.

There are no deadlines to be observed. However, the activity may not be commenced until the exemption has been granted.

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• § Section 34d (3) of the Trade Regulation Act (GewO)