Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-11-13-Speech-2-389"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2001-11-13"^^xsd:date2
dcterms:Is Part Of	lp_eu:Insurance mediation2
dcterms:Language	"de"^^xsd:language2
lpv:document identification number	"en.20011113.16.2-389"2
lpv:hasSubsequent	lp_eu:2001-11-13-Speech-2-3902
lpv:speaker	lp:Othmar Karas2
lpv:spokenAs	unknown; Österreichische Volkspartei (1999-07-20--2004-07-19)3 member; ECON (1999-07-21--2002-01-14)3 substitute; Committee on Culture, Youth, Education, the Media and Sport (1999-07-21--2002-01-14)3 treasurer; EPP-ED (1999-09-30--2004-07-19)3 member; Delegation to the EU-Hungary Joint Parliamentary Committee (1999-10-06--2002-01-14)3
lpv:translated text	"Mr President, Commissioner, ladies and gentlemen, there are four points I would like to address. The first is that the insurance business is based on trust. Trust has a dual basis: trust in the product on the one hand, and on the other, trust in the other party's sales personnel and in their way of doing business. It needs, then, to be said today that the absolute majority of all sales personnel and brokers do their work in a proper way; otherwise the insurance business would not be flourishing and justifying the trust placed in it by its customers. Secondly, I would like to thank all those who have worked on this report. Thirdly, many States' laws on insurance and banking already impose strict duties of consultation and information, which are binding also on brokers. Insurers and credit institutions are subject to supervision and obligatory registration and to clear regulations on policy. Quite independently of that, I share the directive's desire to guarantee the creation of a high professional standard for insurance brokers, to establish a single register for cross-frontier operations and to secure a high level of protection for insurance enterprises. Over and above what has already been said, Mr Radwan and I have tabled three amendments – Nos 57, 58, and 59 – in which we intend, firstly, to have it left to the Member States to decide whether to exempt insurance brokers dealing in commercial risks from the requirements of the directive; secondly, to have the intermediary activity end with the conclusion of the contract, as is customary; and thirdly, to make a clearer distinction between those who work as insurance brokers as their main occupation and those for whom this activity is incidental to another."@en1

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