A person whose role is to act as an intermediary putting his client (the insured) in contact with an insurer. Working in a (brokerage) firm, he offers various damage insurance products from several insurers. He must hold a certificate of damage insurance representative issued by the “Autorité des marchés financiers” (Financial Market Authority) and be a member in good standing of the “Chambre de l’assurance de dommages” (Damage Insurance Chamber).
The Law and the overwhelming majority of declarations of co-ownership require that syndicates of co-owners insure their building. This may seem surprising at first glance as the syndicate does not own the private portions nor the common portions. However, its main object is to ensure the preservation and the longevity of the building and to manage and administer it diligently following rules of the trade. This is why the legislator has given to the syndicate an insurable interest and has made it compulsory that it subscribe building insurance.