English
Insurance Broker (Versicherungsvermittlung)
GewO §94 Z.69 Verified: April 2026
Key Facts
- Type: RELIABILITY TRADE — cannot start immediately!
- Two types: Agent (Versicherungsagent) vs. Broker (Versicherungsmakler)
- Mandatory: Professional liability insurance REQUIRED
- Ongoing: 15h/year continuing education (IDD directive)
- Anti-money laundering: GwG compliance required
Agent vs. Broker
| Type | German | Represents |
|---|---|---|
| Agent | Versicherungsagent | One or more insurance companies |
| Broker | Versicherungsmakler | The customer (independent) |
Translation Status: UNOFFICIAL
Legally binding: German text of GewO 1994.