Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-11-14-Speech-3-158"
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"en.20011114.7.3-158"2
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"Cross-border insurance mediation will increase consumers’ options to choose between various insurance providers. The directive proposal we have in front of us now allows insurance intermediaries to operate also in other Member States. When making choices between various providers, EU citizens must nevertheless be confident that we, as European legislators, guarantee consumer protection by making sure that persons practising insurance mediation are highly qualified.
The report on the insurance mediation directive, which we in the Committee on Economic and Monetary Affairs have been working on, is generally satisfactory. We ensure that insurance intermediaries have the necessary professional competence, liability insurance or other equivalent insurance as well as adequate financial capacity. Any insurance intermediary must also be a person of good repute, who has not been made bankrupt.
Simultaneously, however, we must ensure that EC regulations do not cause any unnecessary bureaucracy. Our committee has made several amendments, which according to the opinion of expert advisors clearly make the directive more sensible and give Member States the option to make decisions in consideration of national circumstances. We have achieved compromises, which the majority of Member States in the Council seem to be inclined to support.
It is important not to apply the directive to any persons whose principal professional activity is other than insurance mediation. By this I mean in particular, travel agencies, who also offer their customers travel insurance as part of a travel package. They make the customer’s life considerably easier and in Finland, for example, they are under the supervision of the authorities. In connection with travel insurance accident insurance is also often sold, which include provision for compensations in the event of death. It has been very beneficial to specify that these are not life insurances referred to in this directive.
It would also have been more beneficial not to apply the directive to intermediaries, who work under the responsibility of their insurance company, or for whose activities the company is responsible on the basis of international legislation and for whom the company also provides appropriate training. As it unfortunately has been impossible to allow part-time agents, who act under the responsibility of their company, to be totally excluded from the directive, it nevertheless is good to relax the registration liability in the way our committee has proposed.
The relationship of Amendment Nos 14 to Amendment Nos 13 and 6 remains unclear, because Amendment No 14 allows for example travel and animal insurances to be totally excluded from the directive, while in other sections intermediaries providing those insurances are excluded from registration liability only.
If further amendments are still allowed, I would like to propose that Amendment Nos 18 and 22 be removed. Insurance mediation by banks is no different from the rest of the mediation activity, and would not need regulation of its own."@en1
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