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Selected service: Insurance company: permission to operate
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Insurance company: permission to operate

Source: Zuständigkeitsfinder Schleswig-Holstein (Linie6Plus)

Service Description

If you want to run an insurance company, you need a permit.

If you want to operate an insurance company, you need permission from the supervisory authority.


Who should I contact?

To the Federal Financial Supervisory Authority (BaFin).

For mutual insurance associations with an expected premium income of up to 500 thousand euros or an expected balance sheet total of up to 6 million euros, please contact the Ministry of Economic Affairs, Transport, Labour, Technology and Tourism of the State of Schleswig-Holstein, Department 62.

Which documents are required?

The documents to be submitted are determined in accordance with § 5 of the Act on the Supervision of Insurance Undertakings.

Legal basis

Act on the Supervision of Insurance Companies (Insurance Supervision Act - ISA)

What else should I know?

Further information on insurance supervision can be found on the website of the Federal Financial Supervisory Authority (BaFin).

Author

The text was automatically translated based on the German content.

Teaser

If you want to run an insurance company, you need a permit.

Who should I contact?

To the Federal Financial Supervisory Authority (BaFin).

For mutual insurance associations with an expected premium income of up to 500 thousand euros or an expected balance sheet total of up to 6 million euros, please contact the Ministry of Economic Affairs, Transport, Labour, Technology and Tourism of the State of Schleswig-Holstein, Department 62.

Which documents are required?

The documents to be submitted are determined in accordance with § 5 of the Act on the Supervision of Insurance Undertakings.

Legal basis

Act on the Supervision of Insurance Companies (Insurance Supervision Act - ISA)

What else should I know?

Further information on insurance supervision can be found on the website of the Federal Financial Supervisory Authority (BaFin).

Author

The text was automatically translated based on the German content.

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