To be entered in the list of intermediaries, the insurance broker must submit to Finantsinspektsioon:
- a written application to be entered in the list of intermediaries;
- all the data and documents required by § 187 (1) of the Insurance Activities Act;
- documentary proof of payment of the processing fee for entry in the list of insurance intermediaries of 150 euros under § 45(3) 3) of the Financial Supervision Authority Act.
From 18.03.2026, applications to be entered in the list of insurance brokers must be submitted through the Finantsinspektsioon application portal.
The decision to enter the broker in the list or to refuse it is taken by Finantsinspektsioon within three months after all the necessary documentation and data have been submitted. Finantsinspektsioon enters the applicant in the list of intermediaries once the data and documentation submitted meet the requirements and show clearly that the insurance broker has sufficient means and capacity to market insurance and that the interests of clients are sufficiently protected. Finantsinspektsioon enters the applicant into the list of intermediaries immediately after the decision has been taken and it has received a copy of the valid liability insurance contract or guarantee contract required by § 179 of the Insurance Activities Act.