Official Gazette of Federation of BiH No. 22 of April 6 ... - Bosna RE

2) Comply with the requests of the Supervisory Agency concerning reportsand business management. During the first trimester of each year, startingfrom January 1 st of the year directly following his registration, theinsurance broker, whether a natural or legal person, shall submit to theSupervisory Agency data and detailed reports on the allocation of hisactivities in relation with the various insurance companies during thepreceding year;3) The insurance broker must enjoy legal and economic independency vis-àvisinsurance companies. On request, the insurance broker must declareto persons seeking insurance or reinsurance services any direct legal orfinancial dependency on an insurance or reinsurance company, includingany possession of parts or shares in such companies, which couldinfluence his freedom to select the insurance or reinsurance company forplacing the risk.IV – SUPERVISION OVER INSURANCE INTERMEDIARIESArticle 11Supervisory agency stipulates:• conditions for approval and check-up of knowledge needed for conducting ofinsurance intermediary operations in accordance with this Law;• rules on keeping the register, data entered in those registers and ways ofpublic access to those registers.Article 12Supervision over insurance intermediaries is done by Supervisory Agency.Article 13