*by 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) Advice, insurance and plausibility: First of all, every intermediary should be aware that his own VSH insurance does not generally cover legal and tax advice (which is permitted as an ancillary business): Such tasks should […]
EU Directive: For years, intermediaries in the financial sector have feared the loss of their professional accreditation or licence due to the advertising of their courses by some training institutions. In doing so, these providers invoke Directive 2002/92/EC on insurance mediation. However, the wording of this Directive, “appropriate knowledge and skills”, does not initially impose […]
An insurance agent gets annoyed when “his” insurance company rejects a client’s application. A lot of work – no commission. Then the question of compulsory acceptance / compulsory contracting arises – can the intermediary or the customer force the insurer to accept the application? Principle: A compulsion to conclude a contract can always be assumed […]
