{"id":17473,"date":"2013-07-26T07:37:23","date_gmt":"2013-07-26T05:37:23","guid":{"rendered":"https:\/\/fiala.de\/intermediary-law-in-practice-what-are-the-pitfalls-for-brokers-who-terminate-insurance-contracts\/"},"modified":"2021-12-12T13:52:04","modified_gmt":"2021-12-12T12:52:04","slug":"intermediary-law-in-practice-what-are-the-pitfalls-for-brokers-who-terminate-insurance-contracts","status":"publish","type":"post","link":"https:\/\/www.fiala.de\/en\/intermediary-law-in-practice-what-are-the-pitfalls-for-brokers-who-terminate-insurance-contracts\/","title":{"rendered":"What are the pitfalls for brokers who cancel insurance contracts?"},"content":{"rendered":"<p>From the series of newsletters of the DHBW (Baden-Wuerttemberg Cooperative State University) Heidenheim on the topic &#8220;Mediation Law in Practice&#8221;:<\/p>\n<p>At this point, attorney-at-law Dr. Johannes Fiala, <a href=\"https:\/\/www.fiala.de\/\">https:\/\/fiala4instalive.instawp.xyz<\/a>, lecturer for insurance law at the<\/p>\n<p>DHBW Heidenheim, your questions. Questions can be asked by emailing <a href=\"mailto:ott@dhbw-heidenheim.de\">ott@dhbw-heidenheim.de<\/a>.<\/p>\n\n\n<p>The first pitfall is that the content of the power of attorney is not sufficiently clear, i.e. it does not expressly include the power to terminate the contract.<br \/>\nIf there is a missed deadline, the broker may be liable for the (unnecessary) additional premium or the continued incomplete coverage.<\/p>\n<p>A second pitfall is to seek contingent cover or terms and conditions differential cover for (old) policies that cannot be terminated in time.<br \/>\nThe broker must also be aware that contracts that cannot be terminated by contract can nevertheless be terminated by law (without notice), for example if the insurer&#8217;s financial position deteriorates significantly:<\/p>\n<p>This then requires, for example, a balance sheet analysis by the insurer.<br \/>\nA third pitfall is not having secured connection coverage prior to termination. The insurance or coverage sum of the customer is occasionally higher, as the<br \/>\nown VSH. Incidentally, your own VSH will probably not pay a cent if it turns out that the broker had reinsured without a client order. In all other respects the insurer may<br \/>\nImmediately reject notice of termination by the broker if the broker gives notice by fax or e-mail, for example, i.e. does not or cannot present an original power of attorney.<\/p>\n<p>Immediately often means (only) within one day.<\/p>\n\n","protected":false},"excerpt":{"rendered":"<p>From the series of newsletters of the DHBW (Baden-Wuerttemberg Cooperative State University) Heidenheim on the topic &#8220;Mediation Law in Practice&#8221;: At this point, attorney-at-law Dr. Johannes Fiala, <a href=\"https:\/\/fiala4instalive.instawp.xyz\">https:\/\/fiala4instalive.instawp.xyz<\/a>, lecturer for insurance law at the DHBW Heidenheim, your questions. Questions can be asked by emailing ott@dhbw-heidenheim.de. The first pitfall is that the content of the power [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","rank_math_focus_keyword":"","rank_math_description":"","rank_math_title":""},"categories":[544],"tags":[542],"class_list":["post-17473","post","type-post","status-publish","format-standard","hentry","category-presse-tv-rundfunk-en","tag-makler-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.fiala.de\/en\/wp-json\/wp\/v2\/posts\/17473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fiala.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fiala.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fiala.de\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fiala.de\/en\/wp-json\/wp\/v2\/comments?post=17473"}],"version-history":[{"count":0,"href":"https:\/\/www.fiala.de\/en\/wp-json\/wp\/v2\/posts\/17473\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.fiala.de\/en\/wp-json\/wp\/v2\/media?parent=17473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fiala.de\/en\/wp-json\/wp\/v2\/categories?post=17473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fiala.de\/en\/wp-json\/wp\/v2\/tags?post=17473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}