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

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

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

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• insurance agent concludes contract <strong>of</strong> insurance for and on behalf <strong>of</strong> thecompany with who contract on intermediation from Article 6 <strong>of</strong> this Law hasexpired. In this case the company cannot claim on cancellation <strong>of</strong>intermediation contract against the insured;• Responsible person <strong>of</strong> the company who knowingly uses as an insuranceagent a person that is not registered as an insurance agent with theSupervisory Agency and/or has not submitted to the Supervisory Agency anagency agreement from the Article 6 <strong>of</strong> this Law.VI – TRANSITIONAL AND CLOSING PROVISIONSArticle 17Supervisory Agency shall adopt implementation bylaws in accordance with thisLaw within six months as <strong>of</strong> the date <strong>of</strong> enactment <strong>of</strong> this law.Article 18All existing intermediaries in private insurance are liable to register themselveswith the Supervisory Agency and to adjust their operations in accordance withthis Law within one year <strong>of</strong> the date <strong>of</strong> enactment <strong>of</strong> this Law.Article 19This Law shall come into force on the eighth day from the day <strong>of</strong> publishing in the“<strong>Official</strong> <strong>Gazette</strong> <strong>of</strong> <strong>Federation</strong> <strong>of</strong> <strong>BiH</strong>”.

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