- it is a natural person or a legal entity holding a valid written authorisation from an insurer (mandate contract) to act on the latter’s behalf;
- it is an insurance intermediary;
- the capacity of insurance agent is incompatible with that of insurance and/or reinsurance broker;
- an insurance agent that is a legal entity must meet the following conditions:
- to have as its object of activity only insurance intermediation;
- to have a share capital, paid up in monetary form, whose value may not be less than 100,000 lei, maintained in immovable assets or in the bank account, whose share must not be less than 50% of the value of the share capital;
- not to have been previously declared insolvent and not to be the object of reorganisation, insolvency or liquidation proceedings on the date of requesting the mandate contract from the insurer;
- its founders must not have been persons holding management positions within an insurance intermediary declared insolvent or undergoing insolvency proceedings;
- to include obligatorily in its name the phrase “agent de asigurare”;
- to have associates and/or shareholders, as well as persons holding management positions, with no criminal record;
- to have an administrator who meets the training and experience conditions for this position and holds the qualification certificate in the field of insurance obtained in accordance with the normative acts of the supervisory authority.