Chapter I: Scope, definitions and professional and organisational requirements

For the purposes of Article L. 511-1, any natural person or legal entity is deemed to be making a presentation, offer or assistance in concluding an insurance transaction if it solicits or obtains the subscription of a contract or membership of such a contract, or explains the terms of cover of a contract orally or in writing to a potential subscriber with a view to such subscription or membership. The…

I.- Distribution as an insurance or reinsurance intermediary and as an insurance intermediary on an ancillary basis may only be carried out for remuneration by the following categories of persons: 1° Insurance or reinsurance brokers, who are natural persons or companies registered as insurance brokers. These persons carry out distribution in accordance with the procedures mentioned in b or c of II of article L. 521-2 ; 2° Les agents…

I – The remuneration referred to in III of article L. 521-1 refers to any commission, fee, other type of payment or benefit of any kind, economic or otherwise, offered or provided in connection with insurance distribution activities. II – Remuneration allocated for distribution activities may only be passed on in whole or in part to one of the intermediaries mentioned in I of article R. 511-2. At the request…