Insurance intermediary product-accessory - apply for exemption from the obligation to be licensed

• Mediation of insurance policies to complement the product They broker insurance only as a supplement to other products or services (accessoriness) of their actual main activity. • Direct contractual relationship You exercise your activity directly on behalf of • one or more licensed insurance intermediaries (senior intermediary) and/or • one or more insurance undertakings. • Adequate insurance cover www.gesetze-im-internet.de/versvermv_2018/__12.html There must be liability insurance with the required minimum coverage amounts for the insurance intermediary trade. • Declaration of reliability and qualification by your principals Your clients make a declaration that they meet the necessary requirements for acting as an intermediary, in particular: • their personal reliability, • your required qualifications and • your financial circumstances are in order are appropriately present. • To apply online: Register or log in using your BundID account

• Application for exemption from approval requirement for arrangement of product-accessory intermediaries • Identity document Identity card or other official identification bearing a photograph. Not required for digitally submitted applications. • Confirmation statement of your principals on reliability and qualification • Declaration of your principal(s) (page 4 of the application for exemption). • The declaration must be completed separately for each insurance company or intermediary for whom you wish to act as an intermediary. • Professional liability insurance • Confirmation from an insurance company of the existence of professional liability insurance for the insurance industry. • The scope of insurance must correspond to the statutory minimum amounts of cover. • Current excerpt from the trade register (only required if included in the trade register) www.handelsregister.de/rp_web/welcome.xhtml Registered companies are required to submit a current excerpt from the trade register when applying. Legal entities that are currently being founded (e.g. GmbH, AG) are required to submit their partnership agreement or statutes.

• Application for exemption from authorisation for insurance intermediary product-accessory (declaration of confirmation of expertise/reliability) www.ihk.de/blueprint/servlet/resource/blob/4707444/f2a1e586b • If applicable, sample insurance confirmation for professional liability for insurance intermediaries www.ihk.de/blueprint/servlet/resource/blob/2253374/b7df9b528

• EUR 200.00: Permit exemption for product-accessory insurance intermediaries

• Trade Regulations (Gewerbeordnung (GewO)) § 34d sec. 6 www.gesetze-im-internet.de/gewo/__34d.html • Regulation on Insurance Mediation and Consulting - Insurance Mediation Regulation (Versicherungsvermittlungsverordnung (VersVermV)) www.gesetze-im-internet.de/versvermv_2018/index.html#BJNR248 • Schedule of fees by the Chamber of Industry and Commerce (Section F. Legal and Taxation - 2. insurance intermediaries/consultants) www.ihk.de/blueprint/servlet/resource/blob/2256952/9289dfb23

• Information on the topic Insurance intermediary product-accessory (ICC Berlin) www.ihk.de/berlin/service-und-beratung/recht-und-steuern/gew • Application forms for insurance brokers/consultants (CCI Berlin) www.ihk.de/berlin/service-und-beratung/recht-und-steuern/dow • Summary differences in the insurance industry www.berlin.de/formularverzeichnis/?formular=/wirtschaft/einh • Insurance intermediary - apply for permission (service) service.berlin.de/dienstleistung/150276/en/ • Register of intermediaries IHK - Apply for registration (service) service.berlin.de/dienstleistung/329370/en/

The application for exemption from the licensing requirement as a product-accessory insurance intermediary (produktakzessorischer Versicherungsvermittler) must be submitted to the Industrie- und Handelskammer (Chamber of Industry and Commerce) responsible for the place of business. If a place of business is not yet known, the exemption can also be applied for at the Industrie- und Handelskammer responsible for the applicant's place of residence.