Council of the European Union and European Parliament 20 January 2016, Directive (EU) 2016/97 of the European Parliament and of the Council of 20 January 2016 on insurance distribution (recast)Text with EEA relevance

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Directive (EU) 2016/97 aims to harmonize national regulations concerning insurance and reinsurance distribution across the European Union to enhance consumer protection and facilitate cross-border trade. Key provisions include minimum standards for the registration and professional requirements of insurance intermediaries, ensuring a level playing field among distributors, and promoting effective cooperation between member states in enforcement. The directive applies to all entities involved in insurance distribution, including intermediaries and ancillary distributors, while allowing member states to implement stricter consumer protection measures if consistent with EU law.AI