Development of insurance distribution in Bosnia and Herzegovina: De lege ferenda

The authors present the legal framework and analyze regulatory provisions on insurance distribution in Bosnia and Herzegovina. The paper examines the legal provisions governing insurance distribution and, more specifically, seeks to answer whether the current regulatory framework is outdated and requires amendments. Relying on a comparative legal analysis of European Union legislation in this context, the authors argue that the legal framework for insurance distribution should be revised de lege ferenda and aligned with the Insurance Distribution Directive. The proposed amendments should aim at enhancing the efficient functioning of the insurance market and strengthening consumer protection.