BELARUS: The limit of payments to insurance agents and brokers adjusted

5 May 2025 — Marina MAGNAVAL
The limit of payments to insurance agents and insurance brokers has been adjusted in Belarus. The corresponding resolution of the Ministry of Finance dated April 21, 2025, was published on the National Legal Internet Portal, BELTA reports.

According to the resolution, remuneration of an insurance broker for services rendered, received from an insurance organization in cases stipulated by the insurance legislation, will amount to 20% of the insurance premium amount for each voluntary non-life insurance contract. Exceptions are voluntary medical expense insurance and land vehicle insurance. For voluntary medical expense insurance contracts, maximum remuneration is set at 8.5% of the premium amount, and for voluntary land vehicle insurance contracts - 1.5%.

The document also specifies that remuneration under voluntary life insurance contracts will amount to 12% of the insurance premium amount.

In addition, according to the resolution, remuneration of an insurance broker for services received from a policyholder (legal entity or individual entrepreneur) now amounts to 3% of the premium amount under voluntary or imputed insurance contracts (non-life, except for voluntary medical expense insurance and insurance of land vehicles), but not more than 500 base units. In the case of voluntary medical expense insurance - 0.1% of the premium amount, in the case of voluntary insurance of land vehicles - 1.5%.



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