Liability of insurance companies, agents and insurance brokers for faulty design Insurance brokers have always had a particularly heavy responsibility towards their customers. In the German Insurance Contract Act (VVG), the legislator has expressly defined the liability of the insurance intermediary in §§ 59 ff. VVG. Obligation to pay contributions to statutory health […]
Differences in family provision and succession arrangements at home and abroad The Federal Court of Justice (BGH) ruled in its judgment of 27 September 2012 (Case IX ZR 15/12) that the granting of an irrevocable subscription right – solely for the payment of a life insurance policy in the event of death – is […]
Equality “unisex tariffs From 21 December this year, men and women will also be equal when it comes to insurance. This is what the European Court of Justice has ruled. From this point onwards, all different premium calculations according to gender will become obsolete. With the new “unisex tariffs”, premiums and benefits will be the same […]
Do foreign financial advisors systematically induce tax evasion? Assets abroad – tax liability in Germany If you move your money abroad, for example to an Austrian private foundation or a Liechtenstein family foundation, you can by no means be sure that the world income principle will not force you to declare it in Austria. […]
Many a policyholder decides too late on the possible change in the subscription right of his life insurance policy(ies). It is therefore important to think about the possible consequences at an early stage. The authors pointed out seven specific pitfalls. Red. If the policyholder instructs his broker to change the subscription right, it is […]
Death, divorce and insolvency – What happens to life insurance? Some policyholders (VN) decide too late that they would like to change the subscription right of a life insurance policy(ies). If the policyholder instructs his broker to make the change, it is important that this is regularly done in writing in accordance with the insurance […]
Investing money abroad could tempt people to break the law MUNICH – Whoever moves his money abroad, for example into an Austrian private foundation or a Liechtenstein family foundation, can by no means be sure that the world income principle does not force him to declare it in Germany. Foreign investment opportunities could downright […]
The ageing provision is without doubt an advantage of private health insurance. But when it comes to insuring beneficiaries and their dependents, it sometimes leads to risks that brokers should explain in good time. One civil servant insurer is said to already have several hundred 80-year-olds who no longer have to pay any premiums for […]
A recent ruling by the Federal Court of Justice (BGH) dated 29.07.2009 (Case No. I ZR 22/07) confirms that the obligation to state effective interest rates, which has been in force since the 1980s, also applies to the payment of insurance premiums by instalments with instalment surcharges. The rule for insurance premiums is that […]
