An Insurance broker has the right to receive insurance premium under the concluded insurance contract.
Pursues Insurance and Reinsurance Mediation, observing the principle of freedom to provide services, in France, Germany, Italy, the Netherlands, Lithuania, Estonia, Belgium, Luxembourg, Ireland, Denmark, Greece, Spain, Portugal, Austria, Finland, Sweden, the Czech Republic, Cyprus, Malta, Poland, Slovakia, Slovenia, Hungary, Romania and Bulgaria.
An Insurance broker maintains the register of the ancillary insurance intermediaries.
In order to become a participant of Latvian financial and capital markets and commence business activities, a credit institution, an insurance company, a reinsurance company, an insurance broker, a credit union, an investment management company, an investment firm, an operator of regulated market, a pension fund, a payment institution, an electronic money institution, as well as an alternative investment fund manager shall obtain operating authorisation (licence).