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Warnings and notes for consumers
New documents
Circular 03/2021 (VA) – Guidance on Genuine Group Insurance Contracts
Guidance on genuine group insurance contracts
This translation is furnished for information purposes only. The original German text is binding in all respects.
Guidance Notice on the Interpretation of the “Prohibition on the Passing on of Special Allowances” (section 48b of the German Insurance Supervision Act (Versicherungsaufsichtsgesetz – VAG))
Prohibition on the passing on of special allowances/ commissions
This translation is furnished for information purposes only. The original German text is binding in all respects.
Topic GovernanceCircular 11/2023 (VA) – Fit and proper assessment of the professional qualifications and good repute of individuals responsible for key functions or who carry out key functions, in accordance with the Insurance Supervision Act.
This circular provides explanations of the professional and personal requirements made of individuals who perform key functions (i.e. who are responsible for or act on behalf of the key function) and of the associated notification requirements based on the German Act on the Supervision of Insurance Under-takings (Versicherungsaufsichtsgesetz – VAG).
Topic GovernanceCircular 10/2023 (VA) – Professional qualifications (fit) and good repute (proper) of members of administrative or supervisory bodies in accordance with the VAG
The circular provides explanations of the professional and personal requirements made of members of administrative or supervisory bodies and of the associated notification requirements based on the Ger-man Act on the Supervision of Insurance Undertakings (Versicherungsaufsichtsgesetz – VAG).
