Financial, economic and legal aspects of the functioning of insurance intermediaries in the system of provision of insurance services

The article, based on a critical review of current regulatory acts (the Laws of Ukraine “On Financial Services and Financial Companies” and “On Insurance”; subordinate regulatory legal acts: “Regulations on the Authorization of Insurance Intermediaries and the Conditions for Carrying Out Activities in the Sale of Insurance and/or Reinsurance Products”; “Regulations on the Authorization of Financial Service Providers and the Conditions for Carrying Out Activities in the Provision of Financial Services”), systematizes the regulatory legal framework that regulates general and special issues in the field of interaction between the insurer and persons who have the right to carry out the sale of insurance (reinsurance) products, with special attention paid to the issue of internal regulatory (methodological) support for such interaction. The work proposes an approximate list of the insurer’s internal regulatory documents that will have a significant impact on the process of formation and functioning of a rational, internally regulated, controlled, economically feasible and effective system of its further interaction with the specified persons. A classification of persons who have the right to engage in activities (performance of labor duties, functions) in the sale of insurance (reinsurance) products was made by their types, country of registration, areas of activity and other equally important characteristics. An analysis of the current state of interaction between insurers and persons who may be involved in the sale of insurance and/or reinsurance products was made. The leading role of regulatory and legal support in the process of building financial relations of insurance intermediaries and ensuring the effectiveness of their financial and economic activities is emphasized.