ott@dhbw-heidenheim.de<\/a>.<\/p>\n\nThis field initially contains three areas, namely (a) open-ended investment funds, (b) closed
\n(KG) funds, and (c) other financial assets (e.g. profit participation rights, silent partnerships, registered bonds).
\nAn intermediary does not have to apply for a licence for all areas and then only has to take out insurance for the areas applied for.
\nWithout prior confirmation of the VSH insurer, no admission will be granted. If the VSH insurance lapses, the insurer will notify the registration authority.<\/p>\n
Failure to obtain new cover from another insurer in good time will result in the withdrawal of the licence.
\nAlready according to the VVG no insurer has to pay in case of intentional breach of duty. In the case of compulsory occupational VSH insurance, the legislator permits insurers to
\nalso exclude the area of “knowing breach of duty” from coverage,
\nwhich is also provided for in (almost) every domestic VSH tariff in its AVB. This refers to the deviation from the given order, laws and other regulations.
\nbasic rules for the exercise of the profession.<\/p>\n
For example, if one of the basic professional duties of a financial intermediary is to advise on products and to document that advice,
\nthen only damages of the customer resulting from this behaviour or omission should not be insured. VSH compulsory cover therefore does not mean comprehensive protection.
\nFurther details on this, as well as on other “coverage gaps in the liability for property damage”, can be found in the book of the same name published by C.H.Beck. Regularly it will
\nHowever, it may be the case that, in addition to “knowing breaches of duty”, other consultancy errors are also present, for which VSH cover will then nevertheless exist in the same case.<\/p>\n
Until now, many VSH cover policies have stipulated that there is no VSH cover without advice and\/or documentation. If an insurer does this in the case of a VSH compulsory cover
\nwould continue to do so, this could be ineffective, because according to the law and case law, an intermediary (in contrast to an advisor) owes the investor only information
\n(and no consulting right now). It should be just as ineffective if “legal and tax advice” is completely excluded from the VSH coverage in the insurance broker VSH,
\nbecause as far as it concerns simple legal advice as an “ancillary service” in the sense of the RDG, this is completely legal and must therefore also be covered by the VSH compulsory insurance.
\nShould there be no cover in the VSH for a gross professional or wilful error, and the private assets of the financial investment intermediary do not provide compensation either
\nIf the financial investment intermediary does not offer the same service, the customer is effectively left to bear the loss – he then bears the insolvency risk of the financial investment intermediary.<\/p>\n
The VSH compulsory insurance can therefore not really be called comprehensive consumer protection.<\/p>\n\n\n","protected":false},"excerpt":{"rendered":"
From the series of newsletters of the DHBW (Baden-Wuerttemberg Cooperative State University) Heidenheim on the topic “Mediation Law in Practice”: At this point, attorney-at-law Dr. Johannes Fiala, 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. This field initially contains three areas, namely (a) open-ended investment […]<\/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":[487,577,484,770,529,556,493],"class_list":["post-17489","post","type-post","status-publish","format-standard","hentry","category-presse-tv-rundfunk-en","tag-beratung-en","tag-deckung-en","tag-dokumentation-en","tag-pflicht-vermoegenschadenhaftpflichtversicherung-en","tag-schaeden-en","tag-verbraucherschutz-en","tag-versicherung-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.fiala.de\/en\/wp-json\/wp\/v2\/posts\/17489","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=17489"}],"version-history":[{"count":0,"href":"https:\/\/www.fiala.de\/en\/wp-json\/wp\/v2\/posts\/17489\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.fiala.de\/en\/wp-json\/wp\/v2\/media?parent=17489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fiala.de\/en\/wp-json\/wp\/v2\/categories?post=17489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fiala.de\/en\/wp-json\/wp\/v2\/tags?post=17489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}