If providers of group insurance contracts, such as associations and companies, pursue their own monetary interest with their offer, they may require registration as insurance intermediaries. How group insurance policies can be designed and, if necessary, alternatives can be created, even if the intermediary license according to § 34 GeWo is missing. Insurance company […]
In some city archives historians find records of an annuity purchase – like these. What is behind it and what does it mean for us? Since then In the 13th century, the purchase of annuities was the predominant credit business of the Middle Ages. The future pensioner bought the right to receive a life […]
– Basic foreign values (ordre public) protect against access to assets – German courts also recognise Sharia law and, where applicable, apply it compulsorily if it does not contradict fundamental German legal concepts – especially the constitution. Conversely, German law is not applied abroad, even if it is fundamentally valid, if it contradicts the fundamental […]
Do good – and talk about it. Lawyer Johannes Fiala and actuary Peter A. Schramm explain in an exclusive commentary how brokers can sell policies with immaterial advertising. As is well known, insurance does not sell itself – it must be sold. Intermediaries must therefore draw attention to themselves and their products. In doing […]
Permits for guardianship of minors, care and administration of the estate Introduction A legal guardian can be appointed for an adult: Legal guardianship leads to legal guardianship, § 1902. The guardianship court may appoint a voluntary guardian (lay guardian) or a professional guardian. The appointment of a suitable volunteer supervisor is a priority. The volunteer […]
When maybe only 100,000 euros are secured and the rest becomes a restructuring profit for the bank…. The Financial Market Authority cannot prevent the insolvency of credit institutions, securities trading houses or insurance companies. For securities trading companies, the maximum compensation obligation is 90% of up to EUR 20,000. In the past, there was […]
How to spoil the game for class action clubs Resourceful consumer lawyers and self-proclaimed consumer interest groups are trying to generate revenue as so-called “class action associations” with model lawsuits (which are not even possible in Germany). The only exception is the “Act on Model Proceedings in Disputes under Capital Market Law”, in particular […]
