Basic concepts

Insurance activity - activity that consists mainly of: providing, negotiating and concluding insurance and reinsurance contracts, collecting fees, liquidating damages, performing regression and recovery actions.

Insurance and / or reinsurance intermediation - an activity consisting of presenting or proposing insurance and / or reinsurance contracts, from other preparation actions for the conclusion of such contracts, their conclusion, or contributing to the management of contracts, especially in the event of a claim for damages.

These activities are not considered as intermediation in insurance and / or reinsurance if they are performed by an insurer or an employee of his acting under the responsibility of the insurer. The following are not considered insurance and / or reinsurance intermediation activities: the occasional provision of information, in the context of other professional activities whose purpose is not to provide assistance to clients in concluding or administering an insurance and / or reinsurance contract, the management of the damages of an insurer (reinsurer) at professional level nor the compensation of the damages and the evaluation by an expert of the claims.

Actuary - natural person specialized in financial risk assessment by actuarial methods (statistical, mathematical and economic), holder of a qualification certificate issued by the supervisory authority.

Insurance - transfer of a possible risk, including the risk of financial loss and / or material damage, from the insured to the insurer, in accordance with the insurance contract.

Insured - a person who has concluded or for whom an insurance contract has been concluded with the insurer.

Insurer (reinsurer) - a legal entity registered in the Republic of Moldova which, in accordance with the legislation in force, holds a license to carry out the activity of insurance (reinsurance).

More information is available in Romanian and Russian languages.