6622
Activities of insurance agents and brokers
This code covers the activities of insurance agents and brokers, who mediate the conclusion of insurance contracts between clients and insurance companies. Agents represent a single company, while brokers collaborate with several, offering independent advice. Essentially, you are the bridge between the client and the insurer, helping to select suitable policies and manage claims files.
Entrepreneur Profile
Acest cod este potrivit pentru persoane fizice autorizate (PFA), întreprinderi individuale (II) sau societăți cu răspundere limitată (SRL) care doresc să activeze ca agenți sau brokeri de asigurări. Este ideal pentru cei care au obținut autorizația de la Autoritatea de Supraveghere Financiară (ASF) și doresc să intermedieze legal produse de asigurare.
Who should avoid:
Avoid the exclusive use of code 6622 if the main activity of your company shifts towards other commercial or related branches not specified in the official description. See the excluded activities section below.
Authorization procedure and Trade Register aspects for CAEN 6622
Setting up a company that will carry out insurance agent or broker activities (CAEN 6622) requires going through specific steps at the Trade Register (ONRC) and obtaining prior authorization from the Financial Supervisory Authority (ASF). When registering with the Trade Register, standard constitutive documents are submitted (company contract, additional act, affidavit according to Law 359/2004 regarding the registered office and fulfillment of operating conditions). It is mandatory to mention the main object of activity as '6622 - Activities of insurance agents and brokers'. Also, the CAEN code must be correctly declared to ONRC and subsequently to the Tax Authority (ANAF). The company must have a minimum share capital established by law, and the associates and administrators must not have criminal records incompatible with financial activity. In addition, it is recommended to consult the special legislation on insurance distribution (Law 236/2018).
Regulatory framework, specific permits and control institutions
The CAEN 6622 field is strictly regulated by the ASF. Any natural or legal person intending to carry out insurance agent activities (authorized natural person or company) must obtain authorization from the ASF, according to the norms issued under Directive (EU) 2016/97 on insurance distribution. Specific permits include: criminal record certificate, proof of professional qualification (ASF-authorized courses), and for legal persons, proof of internal organization ensuring compliance with conduct rules. The control authorities are the ASF (for prudential and conduct supervision) and the Tax Authority (for fiscal aspects). Companies must comply with periodic reporting obligations to the ASF, including annual financial statements, and implement compliance procedures for anti-money laundering (AML).
Fiscal management, ANAF audit risk and specific accounting
From a fiscal point of view, companies with CAEN 6622 are subject to corporate income tax (16%) or micro-enterprise income tax, if they meet the legal conditions. Income comes from intermediation commissions, and deductible expenses include insurance premiums paid to clients (only under certain conditions) and authorized personnel costs. VAT applies to commissions, as they are taxable operations. Accounting must keep separate records per insurance contract and comply with International Financial Reporting Standards (IFRS) or OMFP 1802/2014. ANAF may initiate a tax audit based on the high risk associated with cash transactions or incorrect income declaration. It is essential to use the RO e-Factura system for all issued invoices, as well as to submit tax returns (D100, D300, D406) on time. The single declaration is submitted for authorized natural persons, and the fiscal vector must be updated with CAEN code 6622. Risk avoidance is achieved through written contracts with clients, keeping supporting documents for at least 5 years, and hiring a tax consultant for legal fiscal optimization.
Included Activities
- ✅ Intermediation in concluding life and property insurance contracts
- ✅ Consultancy in selecting insurance products
- ✅ Management of claims files for clients
- ✅ Promotion and sale of insurance policies
- ✅ Collection of insurance premiums on behalf of insurers
Excluded Activities
- ❌ Reinsurance activities (code 6623)
- ❌ Pension fund management activities (code 6630)
- ❌ Direct insurance activities (codes 6511, 6512)
- ❌ Damage assessment activities (code 6621)
Similar or Related CAEN Codes:
From the same category of economic activities:
Întrebări Frecvente
What authorizations are needed to carry out insurance broker activities?
To operate as an insurance broker, you must obtain authorization from the Financial Supervisory Authority (ASF). Natural persons must complete a training course and pass an exam. Companies must meet minimum share capital requirements and have authorized managers.
Can I use this CAEN code as a PFA or do I need an SRL?
You can use this code both as a PFA and as an SRL, but insurance brokers are usually organized as SRLs due to capital and liability requirements. Check the specific ASF requirements for your chosen legal form.