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Getting the Deal Through - Insurance & Reinsurance 2009 - Luxembourg chapter
Identify the regulatory agencies responsible for regulating insurance and reinsurance companies. The Commissariat aux Assurances (the Commissariat) is in charge of the supervision of insurance and reinsurance undertakings, as well as insurance intermediaries (agents and brokers). It is in charge of examining the applications for licences. The Commissariat also assists the Luxembourg public authorities in European and international negotiations. It takes an active part to the preparation of Luxembourg laws and regulations within its field of competence. The Commissariat is a public establishment vested with legal personality and is financially independent. It is under the authority of the ministry of treasury and budget.
Reproduced with permission from Law Business Research. This article was first published in Getting the Deal Through – Insurance & Reinsurance 2009, (published in May 2009 - contributing editor: Paul Kanefsky). For further information please visit www.GettingTheDealThrough.com
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