published in accordance with article 11 of Directive 2016/97/EC
Any authorization to carry out insurance distribution granted by an EU member-state is valid in all other EU member-states. In order to conduct such business in Greece, insurance distributors incorporated in an EU member-state must comply with the required notification procedure. Special consideration should be given to Chapter 3 of Law 4583/2018 (transposing Directive 2016/97/EC) regarding the right to establish and the freedom to provide services.
Cross-border business operations in Greece are subject to the following general good requirements:
Law 4764/2020 (Government Gazette A 256)
Article 92 «Provisions on insurance - reinsurance undertakings authorised in the United Kingdom»
Law 4583/2018 (Government Gazette Α 212)
Article 5 para 4(b), Article 5 para 7 second subpara, Article 19 para 4 first and second subpara, Article 27 para 2, 3, 4, 5 and 6, Article 28 para 3, 4 και 5, Article 30 para 1(d).
Executive Committee Act No. 89/5.4.2016
Complaints handling by insurance intermediaries
For further information, please contact the Supervisory Authority of your country.
The Bank of Greece can be contacted at: email@example.com