Bulgarian Insurance Broker Qualification Exam case studies

The Bulgarian insurance broker qualification is the credential that demonstrates the professional knowledge required to work as an insurance broker or intermediary in Bulgaria under the Insurance Code, with the Financial Supervision Commission (КФН) acting as the competent supervisory authority. It is aimed at people entering insurance distribution - brokers, agents, and staff who advise on or sell insurance products - as well as experienced practitioners who need to formalise their standing. The examination tests a broad base rather than a single specialty: the legal and regulatory framework of insurance and intermediation, insurance contract law (formation, content, rights and obligations, termination), general insurance principles such as risk, insurable interest, indemnity and subrogation, non-life products (property, liability, motor, accident, health, transport, agricultural), life products (risk, endowment, annuities, unit-linked), the specific duties of brokers and agents including conflicts of interest and remuneration disclosure, anti-money-laundering and sanctions compliance, and consumer and data protection with professional ethics. Preparation works best in layers: secure the legal framework and contract law first, because product questions are framed in their language; then move through the general principles into the product domains; finish with intermediation duties and compliance, which reward precise recall of obligations and disclosures. The Bulgarian Insurance Broker Qualification Exam case studies are 5 cases and about 2,393 words.