On 15 July 2015, the Federal Financial Supervisory Authority (BaFin) issued a statement on foreign private health insurance (PKV), including considerable legal errors. Here now part 2. High risk for European health insurance intermediaries from 2016″? In addition to the legal errors already mentioned (we already reported in Part 1), there is a risk for […]
On 15 July 2015, the Federal Financial Supervisory Authority (BaFin) issued a statement on foreign private health insurance (PKV), including considerable legal errors. “And just don’t say one thing, “I will do this tomorrow,” unless (you add) “If God wills it.” And remember thy Lord, when thou forgets, and say, “Perhaps my Lord will guide […]
“If you have faith, it’s all over.” (Stanislav Lec, Polish poet) Asset protection is the separation of business and private risks or assets, including the integration of insurance protection. Risks to private assets stem primarily from the business sector (e.g. liability for break-through) or from financing, but also from separation/divorce or legal disputes. […]
Foreign insurance companies, especially those from the European Economic Area (EEA) and the European Union (EU) are increasingly competing with domestic providers. For insurance intermediaries and insurance customers, this creates risks, but also opportunities. In private health insurance we see only the beginning of a development here. EEA and EU insurers must obtain a certificate […]
What benefits the policyholder can expect from the insurer Passive insurance The aim of the insurance cover is to keep the policyholder free from liability obligations (BGH NJW 1967, 2203). This will also include claims for injunctive relief and removal pursuant to Section 1004 of the German Civil Code, for example in the case of […]
At this point, attorney-at-law Dr. Johannes Fiala, https://www.fiala.de, your questions. You can ask questions by sending an e-mail to ott@dhbw-heidenheim.de. In the case of a correspondence insurance policy, the policyholder concludes the insurance contract in a other country without the insurer taking action in the policyholder’s country. A correspondence insurance is concluded entirely without “intermediaries” […]
How customers are led astray with life insurance shell companiesA supposedly elegant way to hide your money from the taxman is to take out a life insurance policy abroad, for example in Bermuda or Liechtenstein. Because then the account and deposit holder is an insurance company. Such accounts are held in Germany, Singapore or Switzerland, […]
Bankruptcy privilege and insolvency protection There are many reasons to look into life insurance from Liechtenstein. The best known are bankruptcy privilege and insurance secrecy. There are also remarkable options for the design of the succession. Last but not least, it is not the insurance company that manages the assets here, but the personal […]
*by Johannes Fiala, Lawyer (Munich), MBA Financial Services (Univ.Wales), MM (Univ.), Certified Financial and Investment Advisor (A.F.A.), EC Expert (C.I.F.E.), Banker (www.fiala.de) Safeguard assets and values by spreading them abroad There are many reasons to consider life insurance from Liechtenstein. The best known are bankruptcy privilege and insurance secrecy. Remarkable options are also available for […]
by Ralf W. Barth, pecuniary loss liability broker (www.rwb-finanz.de) and Johannes Fiala, lawyer (Munich), M.B.A. (Univ.Wales), M.M. (Univ.), certified financial and investment advisor (A.F.A.), EC expert (C.I.F.E.), banker (www.fiala.de ) The prime case: As is well known, the retirement provisions of entrepreneurs in Germany can hardly be protected from the access of third parties in […]
