Beginning of insurance

The term of the 'beginning of insurance is described on the basis the following example:

The insurant (VN) places on 09 February the request for conclusion of an insurance, to 01. March to begin is. The insurer insurance entrepreneur (VR) explains to 02. March (within the binding period) the acceptance of the insurance by transmittal of the policy. At the the VN redeems the policy by payment of the Erstbeitrages.

Technical beginning

Technical beginning is the beginning of the contribution-loaded period. From here on the VN must pay the contribution. (in the example: 01. March) it certainly also the beginning the insurance period case not the contribution after shorter time periods is limited, takes the insurance period one year. The insurance relationship extends - so-called prolongation clause one year at a time, if it is not quit before expiration; a longer connection would be futile. The technical beginning determines thereby indirectly also the day of maturity of the annuity and the beginning of a further insurance period, if the contract was not quit for execution of the preceeding insurance period.

Formal beginning

Formal beginning is the time of the conclusion of a contract. Usually this is the acceptance of the request by the VR within the binding period (in the example: 02. March). The formal beginning of insurance is also the day of maturity of the premium ("§ 35 VVG)

Material beginning

The material beginning is the beginning of adhesion (beginning of danger). From the view of the VN this should agree with the requested and/or policierten beginning (=technischer beginning). If the beginning of insurance became not expressly fixed (policiert), the VVG plans a regulation, according to which the insurance begins on the day of the conclusion of a contract, at noon 12 o'clock.

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