In this article, we attempt to address, based on Act no LX of 2003 on Insurance Companies and Insurance Activities (the "Act"), the legal issues of (i) whether an individual or business organization authorized by a licensed independent insurance mediator is allowed to carry out activities of independent insurance mediation, and (ii) if the answer to this question is in the affirmative, whether the individual or business organization may carry out such activities based on the authorization of the licensed mediator and registration with the Authority or whether a license is required to engage in such activities.
Statutory Background
Under the Act (Article 33 Paragraph 1), the activity of insurance mediation is an activity aimed at the execution of insurance contracts on a regular basis and in a...
Specific Questions relating to this article should be addressed directly to the author.
Other Information about SZECSKAY - Attorneys at Law
View Popular Related Articles on from USADo Your Vendors Have The Right Insurance To Pay For The Damages They May Cause To Your Business? (Pierce Atwood LLP) When you enter into a contract with a vendor, you generally impose insurance requirements on the vendor and an indemnification obligation.
Is Negligence Still Insurable I Virginia? AES Corp. v. Steadfast Insurance Co. (McGuireWoods LLP) On April 20, 2012, the Virginia Supreme Court issued its opinion on rehearing in AES Corporation v. Steadfast Insurance Company, No. 100764 (Va. Apr. 20, 2012).
Ending Duty To Defend: Exhaustion Of Policy Limits By Settlement Of Less Than All Suits (Duane Morris LLP) A liability insurer's duty to defend its insured against covered suits seeking damages is purely contractual.
Insurance Antitrust - May 2012, Volume 1, Number 1 (Dickinson Wright PLLC) In late March, legislation that would repeal the health insurance industry’s antitrust exemption, contained in the McCarran-Ferguson Act (15 USC §§1011 et seq.), was passed by the House of Representatives as an amendment to H.R. 5, the "Protecting Access to Health Care Act."
McCarran Repeal Legislation Passes In The House (Dickinson Wright PLLC) In late March, legislation that would repeal the health insurance industry’s antitrust exemption, contained in the McCarran-Ferguson Act (15 USC §§1011 et seq.), was passed by the House of Representatives as an amendment to H.R. 5, the "Protecting Access to Health Care Act."
Is Negligence Still Insurable In Virginia? AES Corp. v. Steadfast Insurance Co. (McGuireWoods LLP) On April 20, 2012, the Virginia Supreme Court issued its opinion on rehearing in AES Corporation v. Steadfast Insurance Company, No. 100764 (Va. Apr. 20, 2012).
Navigating Cargo Claims - Part 1 (Cozen O'Connor) The term "cargo claim" is a broad one. Such claims are ancient with a long history of laws written and re-written to address them. Cargo claims can invoke "maritime law," another broad and sometimes elusive term.
Food Products Coverage: The Communicable Disease Exclusion Lacks Bite (Morgan Lewis) While the quality of the United States' food supply continues to be exceptionally reliable, problems do occasionally arise.
Twitter
Facebook
Digg 
