The liability of “freelance” agents and salaried insurance agents Dr. Johannes Fiala, Munich, and Peter A. Schramm, Frankfurt am Main If the insurance company has assumed unlimited liability for an exclusive agent or multiple agent, no permission is required to act as an intermediary – registration by the insurer is more or less a formality. […]
*von Dr. Johannes Fiala, Rechtsanwalt (München), MBA Finanzdienstleistungen (Univ.), MM (Univ.), geprüfter Finanz- und Anlageberater (A.F.A.), Lehrbeauftragter für Bürgerliches und Versicherungsrecht (BA Heidenheim, Univ. of Cooperative Education), (www.fiala.de) und Dipl.-Math. Peter A. Schramm, Sachverständiger für Versicherungsmathematik (Diethardt), Aktuar DAV, öffentlich bestellt und vereidigt von der IHK Frankfurt am Main für Versicherungsmathematik in der privaten Krankenversicherung […]
debts life insurance policies New billing and additional payment The BGH judgements of 12.10.2005 (Az. IV ZR 162/03, 177/03, 245/03) and the Constitutional Court with its decision of 26.07.2005 (file no. 1 BvR 80/95) massively influence the contracts of the Life insurers and the Billing practice for an existing Life Insurance. The BGH is in […]
Life insurance: calculation of surrender value Life insurance companies owe re-bill and back pay – see also article on surrender value of life insurance policies The BGH judgements of 12.10.2005 (Ref. IV ZR 162/03, 177/03, 245/03) and the Constitutional Court with its decision of 26.07.2005 (Ref. 1 BvR 80/95) have a massive influence on the […]
Recent rulings on liability in occupational pension schemes1) raise the question of how intermediaries and employers can protect themselves against claims. Important questions and answers. 1. is an employer entitled vis-à-vis his employee to prevent the continuation of the occupational pension scheme? To be examined, (a) whether the employer’s potential liability is increased, if necessary, […]
The Munich attorney Dr. Johannes Fiala, banker as well as examined financial and investment advisor (A.F.A.), takes position to the judgement of the regional labor court Munich, fought for by its Kanzlei. The new ruling of the Munich Regional Labour Court on deferred compensation does not really contain anything new in terms of content: it […]
Politicians are calling for MiFID to be extended to the area of closed-end funds. What needs to be taken into account? The influence of the banking industry in lobbying should not be overlooked. Closed-end investments offer potentially high contribution margins. Additional obligations would entail follow-up costs and presumably additional liability risks, which market participants would […]
Verbraucherschutz-Forum.de (14.10.2006)
Controlling and distribution law: Increasingly large VSH gaps in the area of closed-end funds and participations*. (Louis Armstrong, American jazz musician, 1900 – 1971) The VSH broker Ralf W. Barth has long recognized (www.rwb-finanz.de) that with the increasing legal regulation of the intermediary market (EU-VRL, MiFID, VVG reform, etc.) a clear limiting trend in the […]
*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.), lecturer (Univ. of Cooperative Education), banker (www.fiala.de) and graduate mathematician Peter A. Schramm, actuary DAV (Diethardt), actuarial expert (www.pkv-gutachter.de). “The less people know how sausages and laws are made, the better they sleep.? (Otto Eduard […]
