– Where are the dangers for insurance brokers in covering with cancellation ? – The Federal Court of Justice (BGH, decision of 05.06.2013, ref. IX ZR 277/12) ruled that, according to settled case law, no insurer is obliged to reject an invalid termination of the insurance contract. The appeal was then withdrawn. Even BaFin […]
Why medium-sized businesses and industry are increasingly suing insurance brokers? The responsibility of insurance brokers is considerable. As representatives of the client’s interests, brokers have an abundance of contractual and legal obligations, which they often cannot or do not want to take care of due to time constraints, especially if they promise unnecessarily much […]
Advice traps in occupational disability, basic disability and dread disease insurance – Part II Many people who are unable to work do not have an insured illness No insurer will want to pay an occupational disability pension just because the insured is unable to work. Nevertheless, some insured persons believe that they can obtain […]
By answering important practical questions on broker liability, we continue our series on common or typical advisory errors in the brokerage of private health insurance. Resourceful brokerage advisors recommend not documenting advice at all. This is harmful because malicious lawyers will find a reason for the broker’s liability in any documentation, no matter how […]
– How pools deliver their insurance brokers as partners directly to the knife – “We illuminate the market”: 100 per mille brokerage fee – “extremely favorable” ? A broker pool lures with a remarkably high brokerage fee – but unfortunately this does not matter for the broker liability: After all, the advertised product, a […]
The free “insurance broker contract In recent decades, the call for standardized forms has led to brokers who are not legally trained to make use of “free samples of no value” – they are then often really free in the other sense of the word – namely in vain. A specimen similar to the “Verbandsmuster” […]
In view of more than 20,000 liability suits per year, intermediary liability is a special topic, especially for insurance brokers. The insurance brokers, meanwhile, have probably (consciously?) possibly brought on themselves an enormous increase in liability in their profession and a reduction in income. The beginning of the end began in 1988. In the […]
