Insurance intermediaries in the life assurance sector

A. Definition of the reporting entity

Insurance brokers (corredors d’assegurances, in Catalan) are individuals or legal persons who negociate life assurance products for compensation,

Non-resident individuals and legal persons carrying out activities in the Principality of Andorra of equal nature to the aforementioned are also considered to be reporting entities.

B. Obligations of the reporting entity

The main obligations attributed to insurance brokers in the life assurance sector in the matter of the prevention of money laundering and terrorist financing are the following: