Registration of insurance agents for member-state based insurance companies
Bulgaria: bnt supported the first entry in the register of the Bulgarian Financial Supervision Authority of an insurance agent for an insurance company established in the EU
Under the Bulgarian Insurance Code, Bulgarian insurance agents of insurance companies established in a Member State of the European Union and operating in Bulgaria within the freedom to provide services after proper notification can only start operating after being entered in the appropriate register with the Bulgarian Financial Supervision Commission (FSC). These insurance agents are required to take care of their own registration. In October 2016 bnt Sofia successfully accomplished the first such procedure in Bulgaria.