Intermediaries

The Insurance Intermediation Act provides that there are two kinds of insurance intermediaries: insurance agents and insurance brokers. The former act in the name and on behalf of insurance companies under a power of attorney. The latter act in the name of the policyholders and future policyholders – they cannot have any contractual relationship with insurance companies (except for „umowa kurtażowa” – a contract providing for broker’s remuneration for administration services connected with insurance contracts). Both agents and brokers have to be entered into the register of insurance intermediaries kept by Komisja Nadzoru Finansowego (the Financial Supervision Commission).

EU-based insurance intermediaries can undertake activity in Poland from abroad, once they are entered into the above-mentioned register.