(1) Insurance intermediaries within the meaning of the present Act are insurance agents and insurance brokers. Sections 1a, 6a, 7a, 7b and 7c apply accordingly to insurance intermediaries. A person who carries out a distribution activity within the meaning of section 1a (2) without satisfying the requirements set out in subsection (2) or (3) below is also deemed to be an insurance intermediary.
(2) ‘Insurance agent’ within the meaning of the present Act is anyone contracted by an insurer or insurance agent to arrange or conclude contracts of insurance on a commercial basis.
(3) ‘Insurance broker’ within the meaning of the present Act is anyone who contracts to arrange or conclude contracts of insurance for a client on a commercial basis without having being contracted to do so by an insurer or an insurance agent. An insurance broker is deemed to be anyone giving the person wishing to take out insurance the impression that he or she is providing the services of an insurance broker within the meaning of sentence 1.
(4) ‘Insurance adviser’ within the meaning of the present Act is anyone advising third parties on a commercial basis in respect of agreeing, amending or examining contracts of insurance, or in respect of making claims arising under contracts of insurance on the occurrence of an insured event, or anyone representing the policyholder out of court vis-à-vis the insurer without receiving an economic benefit from an insurer, or without being dependent on him or her in any other manner. Sections 1a, 6a, 7a, 7b and 7c apply accordingly to insurance advisers.