CEIOPS report on implementation of the Insurance Mediation Directive

19 March 2007

CEIOPS issued a report of the implementation of the key provisions of the Insurance Mediation Directives. The report indicates how the different key provisions of the IMD were implemented in the different Member States and in light of this, to identify areas where further efforts are needed.

In addition, the report aims at facilitating further convergence in the effective implementation of the directive by sharing experience in applying the IMD, and at identifying best practice or proposals for amending or clarifying the Directive and/or the Luxembourg Protocol.

The report starts with some general remarks on the national implementation laws and the national competent authorities. It then follows the structure of the IMD, focusing mainly on the key issues. The report summarizes the answers to the questionnaire. Only when relevant, an overview of the answers and specific examples are provided.

Further details on national differences are left to the report’s five annexes. Annex 1 gives the national implementation laws and their English translation. Annex 2 gives extensive information on the different national categories of IIMs. Annex 3 covers the national “general good” provisions. Annex 4 deals with the sanctions. Annex 5 covers the complaints and out-of court settlement procedures.

Report
Annex 1 - National implementation laws
Annex 2 - Categories of Insurance Intermediaries
Annex 3 - General Good Provisions
Annex 4 - Sanctions
Annex 5 - Complaints and Out-of-court settlement Procedures

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