Netherlands Insurance Industry Intermediary Agent Sector (NIIIAS) concerned about discriminatory approach Government towards the sector

In a recent press release Koster Insurances BV in Alphen a/d Rijn commented on Dutch Government requirements, whereby Intermediary Agent Insurance Companies by law have to adhere to the requirements of the Authority of Financial Markets ( AFM) and are also required to become a member of the Complaints Institute Financial Intermediaries ( KiFiD).

This means in the case of the KiFiD that the Insurance Intermediary Agent Company has to provide information to the KiFiD on the quality, reliability, and integrity of the company and its employees, in addition to complete corporate disclosure, including information on the relationship with insurance companies and commission details.

The question which arises with NIIIAS companies like Koster Insurances BV is: "are these same rules also applied by the Government to the established cartel of insurance companies, banks, their subsidiaries and employees?"