The Central Bank of the Republic of San Marino informs that, in view of their mandatory application starting from January 1 of the upcoming year, draft versions of the templates containing the compilation criteria and structure of the pre-contractual insurance disclosure documents, as outlined in Articles 35 and 40 of Regulation No. 2024-02, have been prepared. Specifically:
- DIP VITA: pre-contractual information document to be used for San Marino life insurance products other than insurance investment products;
- DIP IBIP : pre-contractual information document to be used for San Marino insurance investment products, in addition to the KID (Key Information Document) referred to in Article 8 of Regulation (EU) No. 1286/2014;
- MUP: single pre-contractual form to be used by distributors in San Marino for insurance products (San Marino-based or foreign) other than insurance investment products;
- MUP IBIP: single pre-contractual form to be used by distributors in San Marino exclusively for insurance investment products (San Marino-based or foreign).
Given the novelty of these information tools, and in response to industry requests, professionals will be allowed to review the draft versions. The final templates will be published with adequate notice in accordance with regulatory deadlines. Any comments or contributions may be submitted until September 13 by sending an email to vigilanza.regolamentare@bcsm.sm, with the subject line "DIP-MUP documentation".