Alteration of the Regulation of the Conditions of Access and Exercise of Insurance the Activity and Respective Mediation

Approved by Decree No. 24/2023 of May 19, entered into force on the date of its publication the Amendment to the Regulation of the Conditions of Access and Exercise of Insurance Activity and Respective Mediation (hereinafter the "New Decree"), revoking and modifying certain provisions previously established by the Decree No. 30/2011 of August 11 (hereinafter the "Previous Decree"), and adjusting it to the measures of Preventing and Combating Money Laundering, Financing Terrorism and Financing Proliferation of Mass Destruction Weapons foreseen by Law No. 11/2022 of July 7.
In the New Decree, the changes and or obligations applicable, to the applicants for exercising insurance activity, the entities qualified to exercise insurance activity, and the entities qualified to exercise the mediation activity, are worth being highlighted as follows:

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