Informative Notice
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Insurance agency services
Insurance activity services include the conclusion of insurance contracts in the name and for the account of an insurance company. In addition to the conclusion of contracts, insurance agency services also include activities related to the preparation for the conclusion of an insurance contract, and assistance with the exercise of the rights arising from the contract, especially with the solving of claims addressed to an insurance company.
Insurance agency services may be provided by Insurance agencies with a status of a company or a sole trader pursuant to the Companies Act that have acquired a licence to pursue the activity of insurance agencies.
Insurance agency services may also be provided by other entities if insurance is concluded that is directly related to the main service provided (e.g. forwarding agents and persons performing roadworthiness tests), and if they have acquired a licence to pursue the activity of insurance agencies.
Insurance agencies may only provide insurance agency services, and:
1. services of credit intermediation and brokerage services of investment coupons of mutual funds and other similar financial products if they meet the conditions to provided these services stipulated by law and other regulations which regulate the provision of these services;
2. brokerage services in sale and sale in contingencies of damaged items which belong to the insurance company when solving loss events;
3. implementation of measures to prevent and eliminate threats which pose a risk to insured property and persons;
4. assessment of the exposure level of insurance facility and assessment of damage;
5. provision of other intellectual and technical services related to insurance business;
6. brokerage in concluding insurance business for insurance companies from the same insurance group.
Applies for SKD:
- Activities of insurance agents and brokers K66.220
Conditions
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Prior to commencing the activity of insurance agencies, insurance agencies must register. The registration must show that the legal entity has been registered to pursue the activity of insurance agencies.
Insurance agency services may be provided by insurance agencies registered as companies or sole traders.
Legal basis
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Prior to entering the establishment or a change in activity in the court register, an insurance agency must acquire a licence to pursue the activity of insurance agencies from the Insurance Supervision Agency.
The following must be attached to a request for the issue of a licence:
1. the statute in the form of a certified copy of a notarial record;
2. a list of shareholders with their names and surnames, and address, and company and head office, the total nominal amount of shares and per cent of participation in the share capital;
3. for shareholders – legal entities that are owners of qualifying holdings
– an extract from the court register or another suitable public register;
– if a shareholder is a public limited liability company, also an extract of shareholders from the shareholders' register or if bearer shares were issued, a certified copy of a notarial record of persons present at the last General Meeting; shareholders that are foreign legal entities must submit documents in a certified translation
– financial statements for the last two financial years;
4. a list of persons who are related to the holders of qualifying holdings, including a description of the relation;
5. a certificate of payment of the fee.
If an insurance agency had its licence to purse the activity of insurance agencies withdrawn, the Insurance Supervision Agency must not issue a licence to pursue the activity for five years after the decision on the withdrawal of the licence became final.
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A licence to pursue the activity of insurance agencies may also be acquired by other entities that are not insurance agencies if insurance is concluded that is directly related to the main service provided (e.g. forwarding agents and persons performing roadworthiness tests).
The following must be attached to an application for the acquisition of a licence:
1. A statement of the director of the company or of a sole trader in which they define:
a) the main activity (services) of the company with which they generate most of the added value;
b) the insurance they intend to conclude or are concluding are directly related to the aforementioned main activity (service);
2. a copy from the AJPES about the entry of the entity in the Slovenian Business Register or the Articles of Association (if the applicant does not attach a copy from the AJPES to the application, the Insurance Supervision Agency will obtain the copy from official records);
3. a certificate of payment of the fee.
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An insurance intermediary is a person who, on the basis of employment or other legal relationship with an insurance company or an insurance agency, is authorised to conclude insurance contracts in the name and for the account of the insurance company.
In addition to the conclusion of contracts, insurance agency services also include activities related to the preparation for the conclusion of an insurance contract, and assistance with the exercise of the rights arising from the contract, especially with the solving of claims addressed to an insurance company.