Ryzyko prawne w działalności pośrednika ubezpieczeniowego w Polsce
Legal Risk in Insurance Intermediary’s Activity in Poland

Summary/Abstract: The aim of the article is to identify legal risk and key areas and factors to determine the activ-ity of insurance intermediaries in Poland, who conduct their activity in conditions defi ned byboth hard and soft law regulations. The author mainly focuses on such activities of insuranceintermediaries that are directly related to insurance distribution. Legal risks cover events thatcreate uncertainty about the realization of hazards resulting from legal environment in a broadsense, which constitute a threat to the entity conducting activities aimed at achieving concreteeconomic targets. From the point of view of an insurance intermediary acting as an insurancedistributor, legal risks together with compliance risk seem to be crucial from the perspective ofthe threat level and possible consequences thereof. The protection against the effects of theserisks requires taking appropriate steps in the risk management process adopted by individualcompanies. These activities are hindered by a variety of negative phenomena occurring on theinsurance market, including the overregulation and legal instability. The implementation ofthe compliance idea and the legal risk management program by an entity conducting brokerageand agency activities mitigates the risk of illegal practices, and consequently reduces threatsarising from areas generating legal risks.

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