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Insurance company: permission to operate
Source: Zuständigkeitsfinder Schleswig-Holstein (Linie6PLus)
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.
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).
The text was automatically translated based on the German content.