Law 236/2018

Starting with 01.10.2018, the activity of insurance and reinsurance companies on the territory of Romania, regulated by law 236/2018 on distribution in insurance, transposing the provisions of Directive 2016/97 of the European Parliament and of Council of 20 January 2016 on the distribution of insurance, hereinafter referred to as IDD. By law 236/2018 on distribution in insurance, the Law No. 32/2000 on the activity and supervision of intermediaries in insurance and reinsurance was abrogate. The implementation of the measures included in this directive brings a number of challenges and regulates the way in which the insurance products are sold and how the entire distribution model has been remodeled.

 

 

 



Law 236/2018 (PDF - 642.8 Ko)